CREF Market News - Page 61 of 90

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 […]
Dominican Republic: Proposal to ease renewable energy financing
December 14, 2016
The Ministry of Energy and Mines supported the Monetary Board proposed changes to regulations that would improve renewable energy projects access to bank lending. On December 8, 2016, the Monetary Board presented the proposed amendments to the regulations, which state that renewable energy equipment, including PV panels, wind turbines, biomass gasifiers, and others are classified as […]
Suriname investing $98m in 3 solar plants and electricity upgrades
December 12, 2016
The Caribbean Development Bank (CDB) will loan $65m to the government of Suriname, and the government and utility will contribute $33.325 to make upgrades to Suriname’s electricity grid. The Board of Directors of the Caribbean Development Bank (CDB) approved the loan which will upgrade and expand sections of the country’s transmission, sub-transmission and distribution networks, […]
Guyana: clean energy gets a boost from local bank
December 5, 2016
Guyana’s clean energy sector is about to get a boost from local bank – Demerara Bank Limited (DBL) – which is now fully powered by solar PV at a cost of GYD$27.5m. The bank says it will offer a special eight percent interest rate for companies and businesses interested in installing similar technology. The 25,000 square foot […]
Barbados renewable energy surge expected
December 1, 2016
Barbados renewable energy is set to grow over the next 12 to 18 months and Energy Minister, Senator Darcy Boyd, is anticipating a doubling in renewable energy production. The Minister in the Office of the Prime Minister with responsibility for Energy and Telecommunications, the Hon. Senator Boyd spoke to the projections as he noted that over […]
Grid upgrades and more renewables for Dominican Republic
November 30, 2016
The Dominican Republic will be getting 1250 MW of new non-oil energy and significant upgrades to the electric distribution system in the next three years. Executive VP of the Dominican Republic state energy holding company, CDEEE, Ruben Jiminez Bichara said he expects the new energy to come online, including 234 MW of wind, 172 MW […]
Guyana to build first solar farm
November 30, 2016
Guyana unveiled it will build its first solar farm next year as part of a larger national strategy to transition to renewable energy. Solar power will be an important component of the country’s larger plan to reduce spending on fossil fuel and lower carbon emissions. Plans to attract investors to Guyana include one-off tax holidays […]