CREF Market News - Page 7 of 90

The Bahamas requires US$500 million to modernize the electrical grid
July 5, 2024
The Bahamas has identified a need of nearly US$500 million in capital expenditure to update the electrical grid. The government aims to address high power costs, frequent outages, and aging infrastructure, with some transformers and substations over 50 years old and close to collapse. Source: BNAmericas
Dominican Republic approves new solar projects with storage
July 5, 2024
The National Energy Commission (CNE) of the Dominican Republic granted a definitive concession for the 83.4 MW/101.6 MWp Ardavin Solar project, which includes an energy storage system. Source: Renewables Now
Guyana launches tender for utility-scale solar and battery storage projects
July 5, 2024
Guyana’s Public Utility (GPL) has initiated a tender for three utility-scale solar PV and battery storage projects, totaling 15 MWp of solar capacity and 22 MWh of storage. The tender, part of the Guyana Utility-Scale Solar Photovoltaic (GUYSOL) Programme, is funded through the Guyana-Norway Partnership Source: PV Magazine LATAM
Sygnus launches US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica
May 31, 2024
Sygnus launched a US$135 million Caribbean Community Resilience Fund (CCRF) in Jamaica last week. The CCRF is a 10-year impact investment fund with the possibility of two one-year extensions. It targets critical sectors such as renewable energy, blue economy, sustainable housing, ICT, transport, financial services, and climate-smart agriculture. Source: Jamaica Loop News
Caribbean Broilers Group invests in solar plants to enhance sustainability
May 16, 2024
Caribbean Broilers Group (CB) has invested in four solar photovoltaic power plants for its farms across Jamaica, partnering with Soleco Energy Jamaica Limited. The newly unveiled solar plant at Peninsula Hatchery Farms in Linstead, St Catherine, produces 0.30 MWp. Additional plants include CB Foods Cold Storage Distribution Centre (1.1 MWp), Newport Mills in Kingston (0.50 […]
Sunrun develops Virtual Power Plant (VPP) program called PowerOn Puerto Rico
May 16, 2024
Sunrun has launched a Virtual Power Plant (VPP) program called PowerOn Puerto Rico, enabling residents to contribute energy from their solar-plus-storage systems to stabilize the island’s electrical grid. Source: PV Magazine USA
Celebrating Excellence: Winners of 6th Annual CREF Industry Awards Announced
May 2, 2024
New Energy Events, hosts of the Caribbean Renewable Energy Forum (CREF), are excited to announce the seven recipients of its 6th annual CREF Industry Awards. The Awards – which recognize outstanding achievement in the Caribbean’s transition to a clean energy future – were celebrated on stage during the 16th annual CREF in Miami. The Awards […]
Bahamas seeks accountability for climate change
March 28, 2024
The Bahamas has submitted a request to the International Court of Justice (ICJ) to hold countries accountable for climate change. This submission follows the country’s support for a UN Resolution seeking an advisory opinion on states’ obligations regarding climate change. Source: Tribune242
Turks and Caicos Islands, Grenada, and Barbados explore Ocean Thermal Energy Conversion (OTEC)
March 28, 2024
Ocean Thermal Energy Conversion (OTEC) is back in the mix in the Caribbean as countries look for sustainable energy alternatives. Recent meetings between the governments of Turks and Caicos Islands, Grenada, and Barbados have spurred interest in exploring OTEC as part of their renewable energy transition. Source: Environment Energy Leader