CREF Market News - Page 58 of 90

Jamaica at 15% renewables, ahead of schedule for 2030 goal
March 6, 2017
Jamaica is ahead of schedule in achieving 30 per cent of its energy consumption from renewable energy sources by the year 2030. Speaking at the launch of the Sustainable Energy and Climate Change Master’s Programme at the University of Technology (UTech), today, Minister of Science, Energy and Technology, Dr Andrew Wheatley, pointed out that Jamaica […]
EU commits $2.5m to micro-utility Sigora Haiti
March 3, 2017
The European Commission‘s electrification financing initiative, ElectriFI, has made its first investment of US$2.5 million in clean energy micro-utility Sigora Haiti, supplying households, schools and small firms with electricity. ElectriFI received 290 proposals in response to its first call for investment in April 2016 before passing management of the €75 million fund on to the Association of European Development Finance […]
Bahamas prepares to connect small-scale solar PV
March 2, 2017
Bahamas Power and Light is weeks away from bringing rooftop solar PV to businesses and homeowners. During an interview with local radio show, Minister of Environment and Housing Kenred Dorsett said Bahamas Power and Light (BPL) is making preparations to connect small scale PV to its electricity grid. “BPL indicated last month that they are […]
CDB and IDB strengthen partnership
February 23, 2017
The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) have signed a memorandum of understanding (MOU) to strengthen their ongoing partnership in addressing the Caribbean’s development priorities. Through the MOU, signed at the IDB’s headquarters in Washington, D.C. on February 21, 2017, both institutions have renewed their commitment to collaborating on programmes and […]
Dutch Caribbean pushes islands to be majority renewable powered
February 22, 2017
St. Eustatius and Saba, islands of the Dutch Caribbean, are boldly pushing their island systems to be solar and wind powered. In St. Eustatius, a solar field is being expanded and at the projects completion in September, solar energy will generate 46% of the island’s electricity. Wind energy is under assessment and if added could take […]
UAE-Caribbean renewables fund opens first application cycle
February 15, 2017
The UAE-Caribbean Renewable Energy Fund, announced last month at the IRENA General Assembly, has released guidelines and officially opened applications for the first cycle of funding. The government of the United Arab Emirates (UAE) is supporting renewable energy projects in Caribbean islands through $50m in grants, with two key objectives: Increase the use and resilience […]
Barbados to get solar panel manufacturing plant and solar farm
February 15, 2017
General Secretary of the ruling Democratic Labour Party (DLP) is welcoming the recent announcement from Canadian-based energy company Deltro, that it will be operating a solar panel manufacturing plant and solar farm in this country. According to General Secretary, George Pilgrim, the initiatives are a representation of the policy of the Freundel Stuart-led Government to […]
Cuba and South Korea commit to renewable energy
February 13, 2017
South Korea will strengthen cooperation in the renewable energy sector with Cuba as part of a knowledge-sharing program for the Caribbean country, the South Korean finance ministry said today. In a South Korea-Cuba forum held in Seoul, the two countries discussed ways to encourage South Korean companies to make inroads into the Cuban energy market, […]
Jamaica to expand energy efficiency program
February 13, 2017
An expanded energy efficiency and conservation project aimed at consolidating the implementation of the National Energy Policy 2009-2030 will be launched by Jamaica’s Ministry of Science, Energy and Technology this fiscal year. The project, which will be undertaken in partnership with the Petroleum Corporation of Jamaica, also aim to make the public sector a model […]