CREF Market News - Page 61 of 90

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 […]
Markets seek more progress on Caribbean geothermal
November 23, 2016
In a market-wide poll taken at the 2016 Caribbean Renewable Energy Forum (CREF), delegates overwhelmingly responded that islands are not acting quickly enough to develop their geothermal resource. While regional progress has been closely tracked – particularly the uptick in the past year – we have yet to see proven steam. Montserrat is digging its third well, […]
Jamaica energy minister says acquisition of LNG significant
November 22, 2016
The arrival of LNG to Jamaica signals a significant effort to continue with diversification of energy sources on the Caribbean island. Already having the largest wind and solar installations in the English-speaking Caribbean, the Government is attempting to drive down the cost of energy and provide cleaner options to the people of Jamaica. Minister of […]
Barbados to assess Ocean Thermal potential
November 22, 2016
Barbados is taking steps to determine whether the ocean will be able to provide electricity and potable water for its citizens. Next year, Barbados will conduct a prefeasibility study to assess the potential for Ocean Thermal Energy Conversion (OTEC). Senator Darcy Boyce, Barbados Energy Minister, made the announcement at the Caribbean Water-Energy Nexus Dialogue hosted […]
Saint Lucia case study looks to new energy future
November 22, 2016
The Government of Saint Lucia (GoSL), and the national electric utility, LUCELEC, identified a need and an opportunity to improve the resiliency and cost-effectiveness of the electricity sector using the island’s local resources. A national energy strategy (NETS) was developed jointly by GoSL and LUCELEC, based on independent analysis from Rocky Mountain Institute and Carbon War Room (RMI-CWR) […]
CARICOM Spotlights Energy: Caribbean Citizens Urged To Support Efforts
November 22, 2016
CARICOM Secretariat is moving to increase the participation of Caribbean citizens in new energy programs via planned Energy Month events. It is important for residents “to really understand the energy situation in the region and what is being done on the macro scale to provide the right size solutions,” said Dr. Devon Gardner, Programme Manager […]
IRENA Report: Dynamic policies driving renewable energy growth in Latin America
November 22, 2016
Latin America hosts some of the world’s most dynamic renewable energy markets, according to IRENA. Countries in the region are endowed with renewable resources that make for unprecedented opportunities in solar, wind, hydro and geothermal energy. The rapid reduction in technology costs help to buoy the business case for renewables investment and with the right […]