CREF Market News - Page 55 of 90

Microgrids in the Caribbean: Nothing micro about the opportunity
May 25, 2017
Guest Editorial, written by Kaitlyn Bunker, Ph.D., Rocky Mountain Institute – Carbon War Room Energy systems around the world are witnessing a shift towards smaller, more sustainable, and more accessible electricity generation and connection options. Microgrids are at the center of this fundamental change, bringing new and innovative business models to the traditional energy model. […]
WEB Aruba N.V.’s ‘Sunrise Solar Park’ gets a ‘green light’ for initiation
May 25, 2017
The island of Aruba is preparing for what will be one of the largest solar parks constructed to date in the Caribbean, according to the C.E.O – C.O.O of WEB Aruba N.V., Mr. Luis Oduber. WEB Aruba N.V. and Spanish company, ISOTRON have partnered up to make this project a reality and officially marked the […]
CDB-EIB sign $110m financing package to support climate adaptation and mitigation projects in Caribbean
May 25, 2017
The European Investment Bank (EIB) and Caribbean Development Bank (CDB) have signed an agreement providing USD $110m low-cost financing to support investment projects in the Caribbean under CDB’s climate action policy. Eligible projects include investments in climate change mitigation, adaptation and resilience projects in renewable energy and energy efficiency, and infrastructure that reduces greenhouse gas […]
Puerto Rico airport replaces diesel generators with biomass
May 24, 2017
Puerto Rico’s Rafael Hernandéz Airport is replacing their diesel generators with biomass plants this month, and is considering using catering waste from aircrafts for biomass fuel. Lufthansa Technik Puerto Rico announced the agreement of a supply contract with Entrade involving two Trigeneration plants which will begin operating in May 2017. The two plants will be deployed in […]
Cuba breaks ground on first Havana Energy biomass project
May 22, 2017
A groundbreaking ceremony on April 27 marked the beginning of construction for the Havana Energy biomass plant. The new investment, involving Biopower SA, a joint venture between Zerus SA, a subsidiary of Azcuba, and Havana Energy, will cost more than $ 186 million and will bring improvements to the Ciro Redondo plant, which will allow […]
Dominican Republic to supply LNG to Barbados
May 18, 2017
In the first agreement with a neighboring country, AES Dominicana has signed an agreement to supply liquefied natural gas (LNG) to the Barbados National Oil Company Limited (BNOCL), from its AES Andres LNG terminal in the Dominican Republic, according to Edwin De los Santos, president of AES Dominicana. De los Santos said the agreement “represents […]
Haiti seeks developer to install 1-3 microgrids
May 15, 2017
Haiti is seeking to expand energy access across its rural towns with a project that could potentially build build 80 community microgrids over the next 5 years. EarthSpark International, a leader in microgrids, has announced a Request for Proposals (RFP) for 1-3 power generation systems for community-scale microgrids in the South Department of Haiti. The […]
Barbados Light & Power moves towards agreement for wind farm
May 12, 2017
Barbados is staying on track for a 2018 construction timeframe of the 10 MW wind farm in Lamberts, St. Lucy, according to a speech delivered this week by managing director of Barbados Light & Power, Roger Blackman. BL&P and Barbados Farms Limited are in the process of finalizing the terms of the agreement for the St […]
Dominican Republic sets 18-month deadline for 360 MW of wind and solar
May 11, 2017
To guarantee projects are delivered on time, the Dominican Corporation of State Electric Companies (CDEEE) established a 18-month deadline for eight renewable projects with a combined capacity of 361 MW. After years of delay, the projects, as reported earlier, were recently approved by the CDEEE and received financing from private investors. In addition to the new […]