CREF Market News - Page 5 of 90

EIB and CDB launch US$109.4 million initiative to improve water management and protect Caribbean oceans
November 7, 2024
The European Investment Bank (EIB) and the Caribbean Development Bank (CDB) have launched a US$109.4 million initiative to enhance water supply management and protect the ocean ecosystem across the Caribbean. The funding will support projects aimed at improving clean water access, wastewater treatment, solid waste collection, and flood prevention, while also addressing climate change impacts […]
World Bank approves US$63 million for hurricane Beryl recovery in St. Vincent and the Grenadines
October 24, 2024
The World Bank’s Board of Executive Directors has approved US$63 million in financing to support recovery efforts in St. Vincent and the Grenadines after Hurricane Beryl devastated the region in July 2024. Source: Mirage News
Ecoener secures concession for 60MWp solar PV project with battery storage in the Dominican Republic
October 24, 2024
Spanish renewable energy developer Ecoener has received approval from the Dominican Republic government to build the 60MWp Payita 2 solar PV project in Nagua, which will include a 15MW/60MWh battery energy storage system. Source: PV Tech
Dominica secures US$38.9 million loan for new transmission system
October 24, 2024
Dominica has secured a US$38.9 million loan to build a new transmission system, a key step towards advancing resilience and sustainability. Source: WriteUps24
Dominica partners with Kenesjay Green Ltd. for green ammonia pre-feasibility study
October 24, 2024
The Government of Dominica has partnered with Kenesjay Green Ltd. (KGL) to conduct a pre-feasibility study for the production of green ammonia from geothermal energy. This study will evaluate the technical, regulatory, and environmental aspects of establishing a production facility while also analyzing market opportunities, particularly in Trinidad and Tobago. Source: Dominica News Online
DOE finalizes US$861 million loan guarantee for Puerto Rico’s largest solar and battery storage project
October 24, 2024
The U.S. Department of Energy (DOE) has finalized an US$861 million loan guarantee for Puerto Rico’s largest solar and battery storage project, Project Marahu. The initiative will include two solar-plus-storage facilities and two standalone battery systems, providing 200 MW of solar capacity and 285 MW of battery storage. Source: Canary Media
Grenada advances renewable energy with licensing of eight new solar power producers
October 10, 2024
Grenada’s Public Utilities Regulatory Commission (PURC) has granted licenses to eight investors under its Small-Scale Independent Power Producers (SSIPP) program, launched in 2021 to enhance the country’s energy diversification and reduce fossil fuel dependence. This initiative allows local producers to own solar plants and sell renewable energy to GRENLEC. Source: Caribbean Loop News
St. Kitts and Nevis commissions 6 MW rental power plant for grid stability amid infrastructure upgrades
October 10, 2024
The government of St. Kitts and Nevis has commissioned a six-megawatt rental power plant to stabilize the national grid during critical infrastructure upgrades by the St Kitts Electricity Company (SKELEC). This initiative is part of a larger plan that includes securing US$40 million in concessional funding from the Saudi Fund for Development for an 18MW […]
Barbados advances renewable energy goals with the Energy Supply Bill
October 10, 2024
The Mia Mottley administration has made significant progress toward its renewable energy goals with the passage of the Energy Supply Bill, which aims to transform Barbados’ energy sector. The legislation addresses deficiencies in the Electric Light and Power Act, fostering a sustainable and competitive market while supporting the target of 100% renewable energy by 2030. […]