CREF Market News - Page 52 of 90

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 […]
Dominican Republic identifies 1.8 GW of solar potential and looks to energy storage
July 14, 2017
The Dominican Republic has theoretically a solar potential of 50 gigawatts, according to a recent study by the International Renewable Energy Agency (IRENA). The executive director of the National Energy Commission (CNE), Juan Rodríguez Nina, has stated, however, that the real potential of the country can reach a maximum of 1.8 gigawatts. “This deviation between the […]
Haiti Government to Introduce Bill Removing Import Duties on RE/EE Equipment
July 10, 2017
Frantz Duval, a journalist for Haiti newspaper Le Nouvelliste, reports in a recent article that the Haitian government plans to introduce legislation as part of the 2017-2018 Finance Act which will relieve all renewable energy and energy efficiency equipment from import duties. Although details of the Finance Act are yet to be released, this appears […]
Solar and wind prices in Caribbean showing steady decline
July 5, 2017
The Caribbean renewable energy sector continues to grow as offtakers take advantage of declining prices, the region’s abundance of renewable resources, and ambitious governmental policies that seek to promote the uptake of renewable energy and the phase out of fossil fuel usage. Data for completed utility-scale solar and wind projects in the Caribbean display a […]