CREF Market News - Page 57 of 90

Jamaican and Canadian energy researchers sign MOU
April 19, 2017
Canadian support for Jamaica’s energy sector has been strengthened with the signing of a five-year memorandum of understanding (MoU) on March 13, 2017 between Ryerson University’s Centre for Urban Energy (CUE), and Jamaica-based Caribbean Energy Solutions Research Institute (CESRI). Dr Usha George, vice-president, Research and Innovation for at CUE, and Dr Gary Jackson, principal director […]
Jamaica’s electricity to be majority renewables within two years
April 19, 2017
The government is projecting that, within two years, more than half of Jamaica’s electricity demand, totalling nearly 700 megawatts, will be generated from renewable sources. According to finance and public service minister, Audley Shaw, this is based on the government’s “aggressive” approach to fuel diversification resulting in over 200 megawatts of renewable energy already being […]
Dominican Republic to commission 360 MW of renewables in 2018
April 10, 2017
The Dominican Corporation of State Electric Companies (CDEEE) announced that it has started work on eight renewable-energy projects that will provide 361.2MW of new generation capacity to the country’s grid in 2018. The announcement was made by Rubén Jiménez Bichara, executive vice president of CDEEE, during the launch of the Renewable Energy Projects Support Plan. […]
Guyana: Green Heart Tree Energy commissions new solar PV system
April 6, 2017
Green Heart Tree Energy (GHTE) entered the renewable energy market in Guyana earlier on March 3, 2017 when it commissioned a 10 kilowatt system to power the Paramakatoi Flavours Sun Dried Tomato Processing Plant, the company said in a statement. “The Paramakatoi project is the beginning of GHTE’s commitment to long term investment in the […]
Cuba: Biomass plant under construction, additional projects seek financing
April 3, 2017
Cuba’s biomass sector is on the rise – the Ciro Redondo biomass plant is finally under construction thanks to an injection of cash from China – but financing remains an issue for the renewable energy sector. The Ciro Redondo plant is being developed by Havana Energy, led by President Andrew Macdonald. “The most challenging thing we […]
Jamaica: Energy efficiency program saves $131 million
March 27, 2017
Minister of Science, Energy and Technology, Dr. the Hon. Andrew Wheatley, says the Government has realised savings of some $131.5 million through the Energy Efficiency and Conservation Programme (EECP). “This is money that can be diverted to other areas, such as social and infrastructural development,” he said. He noted that the programme, being undertaken in […]
Cayman’s first utility scale solar plant to be commissioned next month
March 24, 2017
A previously delayed 5 MW solar project in Cayman has resumed progress and construction will begin next week. The array, abutting Pease Bay Pond on a former vegetable farm, will begin producing 5 megawatts of electricity for the Caribbean Utilities Company by late April, completing a project delayed since October, and launching Cayman’s first industrial experiment […]
Dominican Republic inaugurates 1MW solar facility at airport
March 23, 2017
President Danilo Medina inaugurated a 1MW solar PV plant at a facility at the Las Américas International Airport last week. It is the second PV plant at an airport in the country. The other project, in operation since 2013, is a 1.5 MW PV plant at Cibao Airport. The solar plant was installed at the […]
Grenada receives grant for geothermal development
March 23, 2017
The Board of Directors of the Caribbean Development Bank (CDB) has approved a grant of US $231,630 to the Government of Grenada to build its capacity for planning and implementation of its geothermal energy development roadmap. The resources are from the Global Environment Facility through the Inter-American Development Bank’s Sustainable Energy Facility for the Eastern […]