CREF Market News - Page 60 of 90

OECS geothermal stakeholders want regional mechanism to support development
February 6, 2017
Developing geothermal energy in the Eastern Caribbean could benefit from improved financing, government policy, and the establishment of a regional mechanism to support geothermal development in the region. This information comes as result of a survey conducted by the Energy Unit of the Organisation of Eastern Caribbean States (OECS) Commission on geothermal development in the […]
US to continue support for Caribbean energy independence
February 1, 2017
Mission director of the United States Agency for International Development (USAID) in Jamaica, Maura Barry, says the United States government will continue to give full support to Jamaica and other Caribbean countries to become energy independent. Addressing a recently held energy-efficiency training workshop for members of the hotel sector in Montego Bay, St James, Barry […]
Barbados Light & Power committed to clean energy transition
February 1, 2017
The Barbados Light & Power Company (BL&P) Limited is very committed to making that major shift from electricity generated by oil to generation from renewable and clean energy sources. This is according to Manager of Communications and Government Relations at BL&P, Jackie Marshall-Clarke, who noted that this will benefit all its 225 000 customers, including […]
Cayman Islands: Proposed National Energy Policy sets goal of 70% renewables by 2037
January 26, 2017
The Cayman Islands are reviewing a National Energy Policy which would increase the current 0.9% renewables in its electricity mix to 70% by 2037. Cayman Islands Councillor to the Minister of Education, Employment and Gender Affairs, Winston Connolly, told attendees gathered at the Caribbean Sustainable Energy Forum (CSEF) this week that the draft Policy was […]
St. Lucia: Wind, Solar and Geothermal projects to fulfill half of RE target by 2023
January 26, 2017
St. Lucia continues to make progress toward its target of 35% renewables by 2035, says Minister of Infrastructure, Ports, Energy and Labour, Stephenson King. Current projects underway or in the planning stages include a 12 MW wind farm, a 3.2 PV project and a 30 MW geothermal project. “We are also hoping that by the […]
New $50m UAE-Caribbean Renewable Energy Fund strengthens ties between UAE and Caribbean countries
January 18, 2017
At the IRENA General Assembly meeting this week in Abu Dhabi, the United Arab Emirates (UAE) announced a landmark new $50 million fund for renewable energy projects in Caribbean island countries. The new fund will seek to conclude project agreements with several countries per year. Designed for flexibility, it can support renewable energy projects both […]
Five-in-Five: Dr. Devon Gardner on Sustainable Energy in the Caribbean
January 10, 2017
New Energy Events interview series, Five-in-Five, features concise and incisive interviews with leading industry players. We’ll be putting five market-critical questions to each of our interviewees over the course of a five minute segment. Ahead of the Caribbean Sustainable Energy Forum (CSEF) in late January, New Energy Events spoke with Dr. Devon Gardner, Programme Manager for Energy and […]
Jamaican Old Harbour plant financing takes shape
January 5, 2017
A financing package for the $300 million Old Harbour Bay power station project in St Catherine, Jamaica, approved by the National Environment and Planning Agency in March, is understood to be taking shape, IJGlobal exclusively shared last month. A syndicate of four banks is said to be participating in a financing led by local bank National […]
37 MW Jamaican solar farm receives USAID grant
January 3, 2017
The record-setting 8.5 cents/kWh PPA for the 37 MW Jamaican solar farm has lined up financing through the USAID, and the project remains on track to begin construction this year. The U.S. Agency for International Development (USAID) has awarded the first grant through the Clean Energy Finance Facility for the Caribbean and Central America (CEFF-CCA), […]