CREF Market News - Page 52 of 90

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 […]
Puerto Rico utility PREPA files for bankruptcy
July 5, 2017
The Puerto Rico power utility PREPA, ladden with a $9 billion debt load, has filed for a form of bankruptcy, Puerto Rico’s primary fiscal agent said on Sunday. The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) said PREPA power had filed in the United States District Court of Puerto Rico for protection under […]
MPC Capital moves to region to expand investments in Caribbean basin
July 5, 2017
German asset and investment manager MPC Capital AG has launched a subsidiary in Panama with the goal of expanding its renewable energy activities throughout the Caribbean Basin region. Based in Panama City, Fernando Zuniga will serve as regional director for MPC Renewables Panama SA for Central America and the Caribbean. Most recently, the German company […]
Cayman’s first solar project starts operations
July 5, 2017
The 5MW solar PV farm started operations in June, marking the first large solar farm for the Cayman Islands. “This marks the beginning of our large scale renewable energy developments here in the Cayman Islands,” said Councilor of Human Resources, Immigration and Community affairs, Austin Harris, signaling the Government’s intention to move forward on its […]
Nassau’s Arawak Port receives $3m from IDB to install solar PV and efficiency upgrades
June 30, 2017
The Arawak Port in Nassau, Bahamas is set to have solar PV, LED lights, and other energy efficiency activities after signing a $3m loan from the Inter-American Investment Corporation (IIC), the private sector arm of the Inter-American Development Bank (IDB). The power generated from the solar PV system could exceed the power required for the […]
Barbados government launches $24.6m Smart Energy program
June 27, 2017
On Friday, June 23, the Ministry of Energy and the Barbados Light & Power launched the US$24.6 million Public Sector Smart Energy Programme, which – among many aims designed to reduce electricity consumption and GHGs – will include the changing out of close to 30,000 street lights across the country. The project, funded by the […]
Barbados launches $34m IDB-funded program for natural gas and renewable energy
June 27, 2017
The Barbados government and the Inter-American Development Bank (IDB) have signed a US$34 million loan agreement to finance a project to use cleaner fuels and renewable energy in Barbados. Specifically, the program will upgrade natural gas infrastructure and integrate smart energy solutions and renewable energy into the Barbados energy matrix. The Minister of Finance and […]