CREF Market News - Page 65 of 90

Jamaica to relaunch Norman Manley International Airport PPP
October 27, 2016
The government of Jamaica is planning to relaunch the tender to seek a private sector partner for the long-term PPP concession project to redevelop the Norman Manley International Airport. The government plans to re-issue a fresh formal request for qualifications in December 2016, according to a statement released by the International Finance Corporation (IFC) on 25 October. The IFC […]
St. Lucia NETS Case Study now available
October 20, 2016
October 18: The RMI-CWR and CCI’s Islands Energy Program released the Saint Lucia National Energy Transition Strategy (NETS) Case Study. This report outlines key findings that chart a replicable blueprint for the Caribbean energy transition. Download the Case Study now.
The Power System in the Eye of the Storm: The Call for Energy Resilience and Climate Adaptation in the Caribbean
October 16, 2016
This was written not long after Hurricane Matthew barreled through the Caribbean. It wreaked havoc across the east Caribbean islands, pounded Cuba and Jamaica, and had a devastating effect in Haiti, where nearly 1,000 people have tragically lost their lives. Unfortunately, hurricanes and tropical storms are a common occurrence that Caribbean countries have to endure. […]
Funding of up to $80m approved geothermal development in the Caribbean
October 16, 2016
The Eastern Caribbean will receive US$80 million in funding for geothermal development, part of a US$745 million project approved by the Board of the Green Climate Fund. The Inter-American Development Bank (IDB) is cooperating on the $80 million package for the Sustainable Energy Facility of the Eastern Caribbean. The overall project aims to help countries […]
Barbados sets goal for 29% RE by 2029
October 15, 2016
Barbados has plans to end “business as usual” scenarios in the energy sector by 2030. New targets have been set to reduce greenhouse gas emissions by 44 per cent through the generation of power from renewable energy, and reduction in electricity consumption by 2030 – 65 per cent and 22 per cent respectively. Prime Minister […]
Caribbean: Green Climate Fund approves USD 80 million to develop 60 MW geothermal energy in eastern Caribbean
October 10, 2016
Geothermal energy presents a growing opportunity for the Eastern Caribbean to reduce its dependence on fossil fuel imports. Decreases in world oil prices have not been reflected in regional electricity prices in the Caribbean, which remain high at US$0.39 per kWh (2013 price). The Green Climate Fund (GCF) has thus approved US$745 million as part […]
Dr. Vince Henderson Is Dominica’s new ambassador to U.S. and OAS
October 7, 2016
The new Ambassador to the U.S and the Permanent Representative to the Organization of American States (OAS), Dr. Vince Henderson plans to address key areas of energy and climate change in the Caribbean. At an appointment ceremony on October 1st, Secretary General of OAS, Luis Almagro, highlighted the work of Dr. Henderson in the areas […]
Suriname to invest US$1.287 billion in energy and infrastructure
October 4, 2016
While still in recovery from a deep balance of payment crisis in 2015, Suriname will now receive a US$1.8 billion soft loan from the Islamic Development Bank (IsDB) and invest $1.287 billion to finance a series of more than 40 projects in energy and infrastructure. As part of the “Framework for the Stabilization and Restoration […]
Winds of change slow to reach Caribbean’s renewable energy landscape
October 4, 2016
A paper published in the current issue of the journal Energy Policy examines the causes behind the slow pace of renewable energy development in the Caribbean. Harrie Vredenburg and colleagues surveyed 36 political jurisdictions in the Caribbean to assess factors that promote and restrict initiatives for greener energy generation. One outcome explained that incumbent electric […]