CREF Market News - Page 60 of 90

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), […]
Antigua and Barbuda: Enormous renewables potential outlined in new IRENA report
December 30, 2016
The government of Antigua and Barbuda is committed to reducing electricity costs through renewables, as they are currently 100% reliant on imported fossil fuels. A new report from the International Renewable Energy Agency (IRENA) offers details on challenges and opportunities for the renewables sector in Antigua and Barbuda. “Antigua and Barbuda, like many Caribbean island […]
St. Kitts: Geothermal potential could be 37 MW
December 19, 2016
After a year of exploration, St. Kitts geothermal developer estimates potential between 18 and 37 MW. Minister of Energy, Honourable Ian Patches Liburd said that developer, Teranov who in September 2015 joined forces with the government of St. Kitts to assess geothermal potential on the island, had found positive prospects for the resource. “I am happy […]
Cayman: renewables could meet 60 MW capacity need
December 16, 2016
In a public meeting this week in Cayman, The Caribbean Utilities Company (CUC) revealed it expects to add up to another 60 megawatts of power to the current 100 MW it produces now. The capacity additions will likely come from wind, solar, and waste-to-energy, with ocean thermal also on the table. CUC and consultants from […]