CREF Market News - Page 67 of 90

Jamaica water commission signs grant agreement for energy efficiency project
September 17, 2016
A new initiative to improve energy efficiency at the National Water Commission (NWC) entered into force on September 14 via an agreement between the Jamaican Utility and the United States Trade and Development Agency (USTDA), to fund a one-year energy efficiency and renewable energy project. The project will begin by targeting those NWC facilities which […]
Deputy Prime Minister of Bahamas Confirms Role in CARIF
September 16, 2016
The organizers of the Caribbean Infrastructure Finance Forum (CARIF) are proud to announce that Hon. Philip E. “Brave” Davis, Deputy Prime Minister & Minister of Works and Urban Development, has confirmed he will participate in the inaugural event in Nassau this December. In 2015, the Deputy Prime Minister asserted a commitment to developing national infrastructure […]
Nevis Geothermal Developer Signs MOU with Antigua and Barbuda
September 15, 2016
Antigua and Barbuda signed a Memorandum of Understanding with Thermal Energy Partners (TEP) to develop a 10MW geothermal project. This is Thermal Energy Partners second MOU in the Caribbean, signaling the company’s further commitment to the region. Read more here: http://www.caribjournal.com/2016/09/03/antigua-barbuda-develop-geothermal-energy/#
St Lucia Develops Financing Proposal for Electric and Hybrid Vehicles
September 15, 2016
On 8 September, St. Lucia discussed a financing proposal that would introduce electric and hybrid vehicles to the government vehicle fleet in a high-level meeting hosted by the German Federal Enterprise for International Cooperation (GIZ) in partnership with ECLAC Caribbean. This meeting was jointly convened by ECLAC Caribbean and GIZ to review the impact of […]
Minister Liburd: Federation seeing benefits from host a number of regional renewable energy workshops
September 15, 2016
Workshops for training in renewable energy and cooling equipment began last week in St. Kitts and Nevis, prompted by the benefits observed by the Caribbean island’s Federation. The establishment of wind energy on Nevis and development of solar power in St. Kitts have placed the Country in a leading position in the development of renewable […]
Mexico and Brazil Look to Caribbean for New Energy Investment Opportunities
September 14, 2016
In November, a Brazilian investment mission will take investors and parliamentarians to the Eastern Caribbean to discuss a wide range of business opportunities. The Embassy of Mexico to the Eastern Caribbean States will hold a Forum, “Creating Synergies to Strengthen the Competitiveness of the Greater Caribbean” November 16-18 in Cancun, Mexico. Both Mexico and Brazil […]
Montserrat Geothermal Project to Commence Drilling on Third Well
September 13, 2016
The Icelandic Drilling Company, contracted by the UK’s Department for International Development (DFID), has offloaded their drilling equipment at the site of the third well in Monserrat and drilling will begin soon. It has taken longer than anticipated to prepare the site, as the terrain was rough, rocky and covered in layers of deposited ash. […]
Bermuda Utility Revises Net Metering Program for Solar
September 13, 2016
Bermuda’s net metering program, launched in 2010, is coming to an end after Bermuda Electric Light Company Limited (BELCO) has decided to replace it with an avoided cost compensation scheme. This revision is likely to reduce the level of new residential and commercial PV installations. The current 335 participants will continue to receive the subsidy, […]
Renewable Energy Projects Secured $6 Billion From Multilateral Banks In 2015
September 12, 2016
Six banks: The World Bank, The European Investment Bank (EIB), the Inter-American Development Bank (IDB), the Asian Development Bank (ADB), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD) provided a total of $25 billion in climate finance across the world last year. Renewable energy projects secured $6 billion in […]