CREF Market News - Page 70 of 91

Bermuda gets ready for 6-MW solar tender
August 22, 2016
A new solar power facility will be constructed adjacent to the LF Wade International Airport in Bermuda. The Government of Bermuda has issued an open call to pre-qualify companies seeking to take part in the tender for a two-phase project; the first phase will consist of 6 MW of power and the second phase will […]
Can carbon trading break the Caribbean free of fossil fuels?
August 18, 2016
CARICOM nations are under pressure to reduce carbon emissions and stem the import of fossil fuels. Carbon trading would provide the credits for lowering verified sources of emissions, an attractive possibility for Trinidad and Tobago which has a largely unregulated oil market and the second-highest carbon emissions per capita in the world. Caribbean reliance on […]
Report: Jamaica to put final touches on 33 MW PV project
August 17, 2016
An agreement with Eight Rivers Energy Co Ltd (EREC) and the Jamaican government , for a 33.1 MW solar facility in Westmoreland, is almost complete. Both parties will be represented at the 2016 Caribbean Renewable Energy Forum. Construction is scheduled to start by 2017 and power supply should commence in 2018. Energy and Technology Minister […]
Ministers welcome acquisition by Virgin Group of renewable energy company in Jamaica
August 15, 2016
The Ministers in Jamaica are enthusiastic about the acquisition of Blue Mountain Energy (BMR) by Virgin Group CEO Sir Richard Branson. Minister of science, energy and technology, Dr. Andrew Wheatley, supports the purchase as “the kinds of investments that can lead to even bigger and better things”. Minister of finance and public service, Audley Shaw, […]
Experts agree on Cuban market strategy first step: Go to Cuba!
August 11, 2016
Cuba is open for business, but it’s complicated. Last week, New Energy Events hosted a webinar, Opening the Doors to Cuba’s Energy Revolution: An Introduction for Global Investors. The webinar featured four experts on the Cuban market who uncovered some of the complexity, sharing what it takes to become an investor in a market that […]
Richard Branson to acquire BMR Jamaica Wind Limited
August 11, 2016
Richard Branson has purchased BMR Jamaica Wind Ltd and its United States-based parent BMR Energy. Priced at US$89.9 million, the project involves 11 3.3 MW wind turbines that will add power to Jamaica’s national grid, sold to the utility at US$0.129 per KWh. Branson, owner of the Virgin Group, said that his decision was not […]
CDB approves funding for a more climate-resilient Caribbean transport sector
August 10, 2016
The Caribbean Development Bank (CDB) will provide US$768,000 in funding to address damage to Caribbean road networks, caused by natural hazards. Financing will enable a study on approaches for constructing road infrastructures that are more resilient to the effects of climate change. CDB director of projects, Daniel Best, noted that agencies of the bank’s borrowing […]
Antigua and Barbuda turn to British PV company to supply solar solutions
August 7, 2016
The government of Antigua and Barbuda will return to work with UK-based firm PV Energy Ltd for further implementation of utility-scale and rooftop solar arrays across the country. In a previous contract, the company completed an installation of a 3 MW ground-mounted facility at the V.C. Bird International Airport and has begun construction of a […]
Economists debate how hard Venezuelan economic storm will hit Cuba
August 2, 2016
Cuban reliance on Venezuelan crude oil is now being challenged, as the Latin American neighbor drops oil production below 2 million barrels per day (bpd). Cuba produces 50,000 bpd itself and has stockpiled a 60-day supply on the island; however, the Caribbean island will still have to cut fuel consumption by 28 percent in the […]