CREF Market News - Page 50 of 89

Puerto Rico utility to add 240 MW solar
August 21, 2017
By June 2019, Puerto Rico power utility Autoridad de Energia Electrica (AEE) will add 240MW of solar capacity. These plans were revealed in a press conference by AEE director, Ricardo Ramos Rodríguez, who noted that the capacity will be generated by large-scale PV projects built through private investment. All projects are already contracted. A further 300 […]
Battery energy storage coming to Martinique wind farm
August 9, 2017
Nidec ASI will be installing 5MW / 5MWh of battery energy storage at a utility-scale wind farm on the French island territory of Martinique, aimed at stabilising and maximising the flow of energy onto the grid. The Grand Rivière wind project, a 14MW wind farm on the Caribbean island, which comprises seven wind turbines of […]
Dominica geothermal project secures financing as plant designs expected shortly
August 9, 2017
After securing a project manager in June, Dominica’s geothermal project continues to move forward and designs for the plant are expected to be completed by Q3 2017. “In June of this year, the government of New Zealand recruited a project manager who is now engaged with DGDC,”Prime Minister Roosevelt Skerrit told legislators recently, adding “funding […]
Central America and Caribbean to invest $3.3b in smart grid infrastructure
August 1, 2017
Facing high electricity losses from theft and challenges incorporating renewable energy onto the grid, Central America and Caribbean region’s utilities will invest $3.3 billion in smart grid infrastructure over the next decade to address these challenges. With the support of international development agencies, several flagship projects are being developed and indicating a start of a growth […]
JPS to invest $100m on storage/efficiency projects in 2017
July 31, 2017
The Jamaica Public Service Company (JPS), the island’s sole distributor of electricity, said it will be doubling its expenditure on energy projects by December this year in an attempt to drive down the cost of energy. JPS views the investment as key to driving efficiencies, according to Chairman Seji Kawamura, who was appointed earlier this year, […]
Montserrat geothermal project to soon resume drilling on third well
July 27, 2017
Following news on the drilling campaign for the third well of the geothermal project on Montserrat in the Caribbean, things had turned a bit quiet. Local news outlet Montserrat Reporter now reported earlier this month, that work on this third well is to resume soon. There seem to have been some problems with the drilling […]
ECLAC releases roadmap for Caribbean governments transitioning to alternative vehicles
July 27, 2017
A new report released from the Economic Commission for Latin America and the Caribbean (ECLAC) looks at how governments can make the transition to electric, hybrid and plug-in hybrid vehicles. The report, Promoting energy efficiency in government transportation systems: A transition roadmap and criteria for a readiness analysis, identifies Caribbean islands who have began discussions around energy […]
Barbados looks to solar energy, energy efficiency, and electric vehicles for a 100% renewables future
July 27, 2017
The Minister responsible for Energy, Hon. Darcy Boyce suggests that Barbados will achieve 29% annual reduction in electricity consumption through a new LED street light program and retrofitting government buildings with rooftop solar. The street light program will be funded by the IDB and EU to change out nearly 30,000 street lights for energy efficient LED […]
Solar project bidders visit Montserrat
July 26, 2017
Montserrat is coming closer to reaching its vision of 100% renewable penetration on the grid by 2020 with its geothermal project, but also by harnessing the sun. In early June, the government of Montserrat, headed by Hon Minister Paul Lewis, welcomed four of six project bidders for the introduction of the Phase 1 of the […]