CREF Market News - Page 66 of 90

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 […]
Caribbean islands receive training on climate-friendly cooling
October 3, 2016
Workshops hosted by the CARICOM Secretariat, in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), are making an effort to reduce the amount of energy used in the Caribbean cooling sector. Dual training programs attracted over 50 policymakers and financial and private sector representatives from 15 Caribbean islands for sessions that ranged from policy (Nationally […]
Energy to create wealth: In Barbados, chances to earn from greener sources growing
October 3, 2016
Barbadians will now have the opportunity to become small power providers to the national grid. A July 13th decision by the Fair Trading Commission (FTC) to review the Renewable Energy Rider (RER) has facilitated wealth creation at the lowest-income level. Shifts in rate structure and the amount of energy that individuals and companies could invest […]
Dominican Republic has 186.5 MW of clean energy, says government
September 28, 2016
The Dominican Republic continues to make progress in clean energy with existing sources and plans for new installations totaling over 400 MW. Wind, solar and biomass currently dominate the DR market with an output of 186.5 MW and plans for power purchase agreements to install another 235 MW in wind power. Deputy Minister of Energy, […]