CREF Market News - Page 49 of 90

EU aids Barbados move toward renewable energy self-sufficiency
January 15, 2018
Barbados is taking strides to transform its economy away from dependence on fossil fuels to renewables and energy efficiency, and a new 3 year program with the EU is providing support in this effort. The European Union sent 1.12 million euros to Barbados and will eventually contribute a total of 3 million euros to aid […]
Groundbreaking ceremony for Jamaica’s largest solar project
December 12, 2017
On Wednesday, December 13, a groundbreaking ceremony will be held for the 37 MW solar energy project in Paradise Park, Westmoreland, Jamaica. The project is estimated to cost $60m and should be commissioned within a year. The project is being developed by French energy producer, Neoen, alongside Rekamniar Frontier Ventures and MPC Capital. Angella Rainford, […]
Canadian company to bring solar PV to Cuba
November 21, 2017
Construction on a new solar PV project will start in Northwestern Cuba in January 2018. Deltro Group Ltd. a Canadian-based developer of clean renewable energy projects was awarded a contract to build, own and operate a solar photovoltaic electric generating facility in north western Cuba. The facility will feed into the national grid, operated and maintained […]
WRB Serra Partners Closes Fund I at $46.5 Million
October 26, 2017
On October 12, Florida-based private equity firm WRB Serra Partners successfully closed Fund I with committed capital of $46.5 million. The capital is sourced from a mix of family office and institutional investors, along with the Overseas Private Investment Corporation. WRB Serra Partners is an active investor in renewable energy, energy efficiency, and water infrastructure […]
Tesla moves into Puerto Rico and USVI
October 25, 2017
U.S. Virgin Islands Senator Janette Millin Young, in a release issued late Monday, said her office has been in communication with Tesla and its SolarCity subsidiary, to come up with temporary and perhaps long-term solutions to provide energy services to the U.S. Virgin Islands. Tesla is currently working with government officials in Puerto Rico on a plan to […]
CDB technical assistance grant to kickstart grid modernization and energy storage
October 25, 2017
The Board of Directors of the Caribbean Development Bank (CDB) has approved a US$350,000 grant to assist utilities and relevant stakeholders across the region to develop, plan and design energy storage and grid modernisation solutions, which could accelerate the Caribbean’s shift to clean energy. The technical assistance, provided through the Canadian Support to the Energy Sector […]
CREF 2017 Project Award Winners Announced!
October 19, 2017
The Caribbean Renewable Energy Forum (CREF), the largest annual gathering of the Caribbean renewable energy market, today announced seven projects as recipients of its first annual CREF Project Awards. The awards represent a wide spectrum of size and technologies and are given to some of the most innovative and financially compelling renewable energy projects in the region. […]
Jamaica receives US grant for offshore wind development
October 11, 2017
The U.S. Trade and Development Agency (USTDA) has awarded a grant to the Petroleum Corp. of Jamaica (PCJ) to support the development of an offshore wind farm in the country. Keystone Engineering Inc. (KEI), a Louisiana-based energy firm, will conduct a feasibility study to explore the viability for offshore wind in Jamaica. KEI designed the first offshore […]
Construction begins for Saint Lucia’s first solar farm
October 4, 2017
Three months after signing the contract, LUCELEC and US-based solar energy company, GROUPOTEC, and other stakeholders gathered last week for the ground breaking ceremony for the 3 MW solar PV project in Saint Lucia. This will be Saint Lucia’s first utility-scale renewable energy project. Diesel generators currently account for over 99% of the islands energy […]