CREF Market News - Page 62 of 90

Iberdrola commissions 300MW combined cycle power plant in Mexico
November 22, 2016
The 300 MW Dulces Nombres II power generation facility will boast the latest technology advances according to Iberdrola, which has commissioned the plant in the State of Nuevo León, Mexico. Technology that is more cost-effective will help the $250 million combined cycle power plant to meet the electricity demand of the region’s industrial sector while […]
Aruba Commits to 100 Percent Renewables
November 22, 2016
Among the islands of the Caribbean, Aruba stands as an example with its commitment to transition to 100 percent renewable energy by 2020. Plans include building new solar and wind farms, converting waste to energy, and working to increase energy efficiency. New strategies for efficiency are being developed to combat the high cost of energy, […]
Projects In Cuba Face Uphill Struggle For Funding
November 20, 2016
Despite high hopes for business development in Cuba, two major factors inhibit European banks from lending to the fledgling economy. The threat of sanctions from the U.S and Cuba’s “rock-bottom” debt rating give bankers in France, the UK, Germany and Switzerland pause, thus stalling big and small projects alike. The sanctions problem originates with a […]
$50m funding round opens through IRENA and Abu Dhabi fund
November 16, 2016
Opening its fifth funding round, IRENA and the Abu Dhabi Fund for Development further cements its commitment to renewable energy in developing regions, providing concessional loans for developing countries renewable energy projects. This funding round of $50 million is part of a larger $350m program to provide support to renewable energy projects endorsed by IRENA. The […]
Brazil investment mission to Saint Lucia and OECS
November 15, 2016
A large group of Brazilian investors and parliamentarians arrived in Saint Lucia on November 11th for a Mission to explore direct and joint investment opportunities in over 11 areas. The Mission, titled “Um Porto de Opportunidades” (A Port of Opportunities), is a cooperative effort between the Brazilian Embassy, Saint Lucia Government, Invest Saint Lucia (ISL) […]
27% renewables for Dominican Republic?
November 14, 2016
National Energy Commission (CNE) director Juan Rodriguez Nina sees renewable energy growth in the Dominican Republic to leap to more than a quarter of the national energy matrix in 2018. Adding to the two large scale plants inaugurated this year – 30MW San Pedro Bioenergy Plant and 50MW Larimar Wind Farm – Rodriguez Nina anticipates another 50MW […]
EU pledges over €70 million to Latin America and the Caribbean
November 13, 2016
The European Union has pledged over €70 to “improve the conditions of people within the Community of Latin America and Caribbean States (CELAC).” The funding is part of a €74 million sustainable development program in accordance with the “Transforming Our World: the 2030 agenda for Sustainable Development”; it intends to support a transition towards sustainable […]
El Salvador, Bolivia: Countries Agree to Cooperate in Installation of a 5 MW Geothermal Pilot Plant
November 13, 2016
El Salvador and Bolivia are looking forward to “an opportunity for integration [and] greater income” via a partnership that will allow short-term energy integration between the two countries. State-owned Bolivian oil company, YBFB, will become a supplier, marketer and distributor of LPG to El Salvador, while the latter country with Salvadoran company LaGeo will provide […]
Solar Water-Heater Market Hot For Exploitation
November 6, 2016
Confidence is growing for the solar water-heating market among authorities and researchers in the Caribbean region. According to Dr. Xavier Lemaire, senior research associate at the University College London (UCL) Energy Institute, the opportunities inherent to the region are based on high levels of insolation and urbanization and will require authorities to establish a proper […]