CREF Market News - Page 50 of 91

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 […]
The Caribbean Post-Irma and Maria: Relief, Reconstruction – and Resilience

From our Editorial Team
September 29, 2017
A complete picture of the Caribbean post-Irma and Maria is still yet to emerge. Some islands are still engaged in what looks a lot like battlefield triage. As we await the final reckoning, it is no exaggeration to say that some islands, including Puerto Rico, Dominica and Barbuda, have been decimated. Insured losses for Maria […]
Nevis geothermal project to begin drilling phase in early October
September 26, 2017
Nevis Renewable Energy International (NREI) geothermal developers are preparing for the commencement of the project’s first phase. In a Sept 12th interview, local NREI representative – McLevon “Mackie” Tross, said the drilling phase will begin in the first week of October, with production well drilling planned for early 2018. “We expect the equipment to be arriving […]
Chinese company wins bid for Cuba’s 3.9 MW solar project
September 26, 2017
Cuba has ambitious solar plans to install upwards of 700 MW of solar PV, and China is once again playing a part in that growth. Risen Energy, a Chinese based solar energy module manufacturer, has won the contract for a 3.9MW solar project in Cuba. It was reported earlier this year that a Chinese contractor […]
CABEF releases RFP to fund Caribbean RE/EE projects
September 15, 2017
The Caribbean Basin Sustainable Energy Fund (CABEF), a clean energy and energy efficiency investment and financing fund, seeks to receive project proposals from owners, developers and project sponsors seeking financing for their renewable energy and energy efficiency projects. The deadline to submit a proposal is October 15, 2017. Eligible projects for the Fund include utility-scale […]