CREF Market News - Page 7 of 90

St. Kitts and Nevis launches ‘SKN-100’ project for rapid energy sector decarbonisation
July 19, 2024
St. Kitts and Nevis (SKN) has launched the ‘SKN-100’ project, funded by the Global Environment Facility (GEF), aimed at achieving 100% renewable electricity and high energy efficiency in public buildings within three years. Managed by the United Nations Environment Programme (UNEP) and executed by the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) in […]
Grenada forms task force to push for climate disaster compensation
July 19, 2024
Grenada is creating a task force to advocate for compensation for damage from climate change-related natural disasters affecting itself and other vulnerable states. Following Hurricane Beryl, Grenadian Prime Minister Dickon Mitchell announced that the government decided in an emergency meeting to have the Ministry of Foreign Affairs and the Ministry of Environment, Climate Resilience, and […]
Barbados plans to boost onshore wind power expansion
July 5, 2024
The Government of Barbados, with the support of the International Finance Corporation (IFC), is ramping up its climate change mitigation and energy diversification efforts by expanding its onshore wind power capacity. Source: Wind Insider
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