CREF Market News - Page 53 of 90

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 […]
Microgrids announced for Aruba and US Virgin Islands
June 27, 2017
Austin, Texas-based Ideal Power on June 22 announced it is building a 200kW off-grid solar +storage and diesel microgrid system at a commercial facility on the US Virgin Island. Six Ideal Power Stabiliti units will replace on-site diesel-fueled power generation with solar PV and LiB capacity. All three power generation assets will be integrated into […]
LUCELEC signs contract to construct first solar farm in Saint Lucia
June 20, 2017
Today representatives from St. Lucia Electricity Services Limited (LUCELEC) and solar energy firm GRUPOTEC signed a contract to begin the engineering, procurement, and construction for a 3 megawatt (MW) solar farm, located north of the Hewanorra International Airport at La Tourney, Vieux Fort. When connected to the grid, the solar farm’s 14,900 photovoltaic (PV) panels […]
JPS Board approves groundbreaking energy solution for Jamaica
June 20, 2017
The JPS Board of Directors, has approved a ground breaking hybrid energy storage solution, which pending approval from the Office of Utilities Regulation (OUR), will be the first of its kind in the Caribbean. The innovation will help to secure grid stability and reliability, in the face of increasing intermittent renewable energy. The energy storage […]