CREF Market News - Page 6 of 90

USAID launches five-year program to protect marine biodiversity in 13 Caribbean nations
October 10, 2024
USAID launched a five-year program aimed at reducing threats to marine biodiversity in 13 Caribbean countries. The project, known as the USAID Caribbean Sustainable Ecosystems Activity, is based in Santo Domingo and focuses on managing marine protected areas, improving solid waste management, and enhancing the sustainability of fisheries. The initiative works with local communities and […]
CAF and UNOPS sign MOU to enhance sustainable development collaboration in Latin America and the Caribbean
September 26, 2024
CAF and the United Nations Office for Project Services (UNOPS) have signed a Memorandum of Understanding (MOU) to collaborate on sustainable development in the region. The agreement focuses on areas such as technical assistance for infrastructure projects, feasibility studies, joint training in project management, resource mobilization, and capacity building initiatives. Source: CAF
Egehid launches bidding for 43.26 MWp solar projects in the Dominican Republic
September 26, 2024
The Dominican Republic’s state hydroelectric company Egehid has initiated bidding for two solar projects totaling 43.26 MWp: Sabana Yegua (24.98 MWp) in Azua and Sabaneta (18.28 MWp) in San Juan de la Maguana. The winning bidder will manage the execution, supply, installation, testing, and startup of the projects. Additionally, Egehid has called for further exploration […]
Rum and Sargassum Inc. and UWI Cave Hill launch Barbados’ first bio-CNG vehicle with CCREEE support
September 26, 2024
With support from the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE), Rum and Sargassum Inc. and UWI Cave Hill have launched the first vehicle powered by bio-compressed natural gas (CNG), using rum distillery wastewater and sargassum-based biomethane in Barbados. Source: CCREEE
IDB Invest and GCF launch Caribbean Net-Zero and Resilient Private Sector Program with US$118.9 million funding
August 1, 2024
IDB Invest, in partnership with the Green Climate Fund (GCF), is launching the Caribbean Net-Zero and Resilient Private Sector Program to promote greenhouse gas emission reductions and climate-resilient investments in the Caribbean. The GCF has approved up to US$118.9 million in funding for this initiative. The program aims to boost private sector investment in climate […]
Guyana signs US$8.6 million contract for National Control Centre of Gas-to-Energy Project
August 1, 2024
The Guyanese government has signed an US$8.6 million contract with Power China to build the National Control Centre for the Gas-to-Energy (GtE) project. The building will be crucial for managing the GtE project and is expected to be completed within 13 months. The project aims to reduce electricity costs by 50% by 2025. Source: Oil […]
Barbados to launch BESS procurement to address grid capacity issues and advance solar projects
August 1, 2024
The Barbados Ministry of Energy and Business is hosting a three-day workshop to finalize plans for acquiring Battery Energy Storage Systems (BESS). This is a key step to resolve grid capacity issues and advance stalled solar projects. Source: Business Barbados
DOE loan guarantee to finance Puerto Rico’s largest solar and battery storage project
August 1, 2024
The U.S. Department of Energy has announced an US$861 million loan guarantee to finance 200 MW of solar and 285 MW of grid storage in Puerto Rico. This initiative will support the construction of two solar farms and two stand-alone battery storage systems on the island’s southern coast. The project is led by Flexible Energy […]
IDB Invest considers equity investment in Caribbean community resilience fund
July 19, 2024
IDB Invest is considering an equity investment of up to US$5 million in the Caribbean Community Resilience Fund (CCRF), managed by Sygnus Capital Ltd. The fund targets US$100 million to US$135 million and aims to enhance economic resilience and support climate projects in the Caribbean. Source: IDB Invest