CREF Market News - Page 64 of 90

St Maarten PM wants joint geothermal project
November 6, 2016
Prime Minister of St. Maarten, William V Marlin, is leading the charge for the “joint development” of geothermal energy in the Caribbean. Recent studies have confirmed the potential for the resource in Nevis, Dominica, Antigua and Barbuda. The latter country just announced its intention to study whether geothermal resources are available in sufficient quantities on […]
Success for solar in electricity auctions in Latin America
November 5, 2016
October 20, 2016 The costs of solar power continue to drop in Latin American countries, with electricity being sold for as low as US$30 per MWh in some cases. Mexico awarded more than 3.6 GW of solar at auctions this year and in Chile, a new trend was confirmed. Renewable energy providers are winning contracts […]
El Salvador to help on development of 5 MW geothermal project in Bolivia
November 2, 2016
Bolivia and El Salvador have negotiated a partnership in renewable energy infrastructure. One aspect of the agreement is a 5 MW MW geothermal project in Bolivia, built by LaGeo of El Salvador. The construction of a thermoelectric plant in El Salvador will also be supported by the agreement. Minister of Hydrocarbons and Energy, Luis Alberto […]
Proposed new energy strategy for Saint Lucia
November 2, 2016
The Government of St. Lucia (GoSL) has developed a new strategy to address clean energy on the Caribbean Island. A study, along with independent analysis from the Rocky Mountain Institute-Carbon War Room (RMW-CWR), and the Clinton Climate Initiative (CCI), have identified opportunities for new investments and ownership structures to benefit customers. The strategy must have […]
Dominica sets aside $15 million for geothermal project
November 2, 2016
Dominica is committing US$15 million for the development of a geothermal project that has been in a test phase since 2012. Although recent inclement weather has challenged the financial security of the project, the government still views the project as a priority. Part of the commitment involves a partnership with New Zealand for the development […]
Barbados Light & Power selects Landis+Gyr for advanced metering and grid management project
November 2, 2016
Barbados energy utility Barbados Light & Power (BLP) needs to address the challenge of integrating intermittent renewables and balancing load to reduce generation costs. For that reason, the utility has selected Landis+Gyr for a comprehensive smart grid technology project that includes advanced metering through Landis+Gyr’s Gridstream® AMI solution and meter data management. BLP priorities include […]
Colombia a leader in meeting (some) 2030 UN Development Goals
November 1, 2016
Colombia has taken many of the goals set by the UN 2030 agenda quite seriously, playing a key role in the formulation of priority setting of goals. The Latin American country is leading the region in reduction of violent deaths and poverty, but targets related to clean energy and reducing violence against women have yet […]
U.S. ease on Cuba sanctions to benefit foreign oil producers
November 1, 2016
The Obama administration has recognized that lifting sanctions against Cuba is a first necessary step toward the country’s inclusion into International Financial Institutions (IFIs) and its ability to attract foreign private investment. MEO Australia is one of few foreign companies operating in Cuba and has discovered an oil deposit on the northern coast. It expects […]
Sustaining T&T through renewable energy
November 1, 2016
The case for renewable energy in Trinidad & Tobago can be made through solar and wind resources, abundant in the region. Acting alone, the 5,131 square kilometer island cannot have much impact in global emissions, but combined with other initiatives in the Caribbean, there is potential for the country to become a leader in energy […]