CREF Market News - Page 51 of 90

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 […]
CDB approves $25m for Jamaica LED streetlight program
July 25, 2017
The Board of Directors of the Caribbean Development Bank (CDB) has approved funding of $25 million to replace existing streetlights in Jamaica with high efficiency light-emitting diode (LED) lamps. The funds are being provided to the Jamaica Public Service Company Limited (JPSCo), and will facilitate the replacement of approximately 105,000 high pressure sodium and mercury […]
The Bahamas to launch ambitious solar program
July 25, 2017
The Government of The Bahamas’ intention to launch “an ambitious, solarization programme” in The Bahamas over the next five years is expected to result in numerous benefits for The Bahamas as a Small Island Developing State (SIDS) as well as assist in slowing adverse effects of climate change which include more extreme weather patterns and […]
St Eustatius microgrid to be expanded after successful tests
July 20, 2017
In March 2016, SMA Sunbelt commissioned a 1.89 MW solar PV and 1 MW/572 kWh Lithium Ion (Li-Ion) battery energy storage system on the Caribbean island of Sint Eustatius. The objective of the retrofitted renewable energy plant was, and is, to reduce the diesel consumption of existing diesel generators on the island, thus generating savings […]