CREF Market News - Page 51 of 90

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 […]
Caribbean and China expand economic cooperation with MOU signing
July 17, 2017
The Caribbean Development Bank (CDB) and the Export-Import (EXIM) Bank of China have signed a memorandum of understanding (MOU) which will allow both parties to discuss opportunities for cooperation and coordination in CDB’s Borrowing Member Countries (BMCs). The MOU will allow both institutions to explore co-financing options, as well as coordinate development strategies, concepts and […]
Caribbean sustainable energy coordination expected with new regional organization CCREEE
July 17, 2017
Jamaica is now a signatory to the Agreement establishing the Caribbean Centre for Renewable Energy and Energy Efficiency, CCREEE. Prime Minister Andrew Holness signed the agreement this morning (July 6) ahead of the start of the final day of discussions at the 38th Regular meeting of the Heads of Government of CARICOM in Grand Anse […]
Guyana to install solar PV on over 50 government buildings
July 14, 2017
After completing a 740 kWp solar installation on the roof of Guyana’s parliament building, the Guyana Energy Agency (GEA) hired the Swiss company meeco Group again to install its sun2roof solution on 57 government-owned buildings. “We are delighted to have achieved the installation of 740 kWp on the roofs of different public buildings such as […]