CREF Market News - Page 72 of 90

Iberdrola negotiates entry into Cuban wind market
June 25, 2016
The Spain-based company plans to install a complex of 100MW of power in the southern province of Holguin, more than 700 kilometers from the capital, La Havana. This would be the largest wind farm in the wind energy sector in Cuba. La firma española pretende instalar un complejo de 100 megavatios de potencia en la provincia […]
Caribbean Hotel & Tourism Association calls upon governments, private sector to create tourism agenda as US House passes Caribbean Strategic Engagement Act
June 24, 2016
The Caribbean Hotel and Tourism Association (CHTA) is thus urging a public-private partnership between Caribbean nations and the U.S. that will strengthen an existing tourism relationship. CEO and Director General of the CHTA and CREF 2016 speaker, Frank Comito, explained, “the tourism ties between the United States and the Caribbean extend well beyond the 14.3 […]
Preparations under way for drilling and construction at Nevis project
June 21, 2016
Final preparations are underway to build a geothermal facility in Nevis. The coordination is being handled by developer Thermal Energy Partners LLC (TEP) through its affiliate NRE International (NREI), which has begun a series of final design reviews and analysis of utility interconnection. Joining TEP and NREI in the venture are technical teams from Turboden […]
Cuban government orders state enterprises to cut oil & electricity consumption by 20%
June 21, 2016
Cuba is taking measures to deal with a fuel shortage as its largest trading partner, Venezuela, fails to uphold previous agreements. Approaching July and August when demand for energy generally increases, the government has ordered state enterprises to reduce oil consumption and electricity use by 20%. The expected shortage has resulted in measures to reduce […]
Antigua’s airport solar power plant exceeds expected performance
June 21, 2016
Antigua’s first major infrastructure project to utilize renewable technology has exceeded expectations and generated revenue of more than USD 1 million. The ground-mounted solar power plant at the V.C. Bird International Airport is a 3 MW Sun2live system that was installed and is operated and maintained by the UK-based clean energy provider PV Energy Limited. […]
USAID Caribbean clean energy program helps green the grid
June 20, 2016
A clean energy program led by USAID aims to help Caribbean nations meet the ambitious renewables targets set at COP21 in Paris last year. Energy specialists from the Barbados Energy Division, the Caribbean Electric Utility Services Corporation (CARILEC), the Caribbean Community (CARICOM), and various electric utility companies, regulators, financiers, international donor organizations, and equipment suppliers all […]
USAID project bolsters Dominica’s climate change resilience
June 13, 2016
Dominica continues to work on recovery efforts from Tropical Storm Erika, which hit the island last year. A USAID-funded project will help to improve resiliency against climate change and future storms. United States ambassador to Barbados, the Eastern Caribbean and the Organization of Eastern Caribbean States (OECS) Linda Taglialatela praised the $9.5 million Rallying the […]
Jamaica’s solar PPA breaks records at 8.5 cents/kWh: who’s the big winner?
June 13, 2016
The recent PPA awarded at 8.54 US cents/kWh for a 33.1 MW PV project now ranks solar energy as the cheapest source of electricity in Jamaica. Eight Rivers Energy Company Limited (EREC) won the bid, beating out 18 competing projects. “Yes, it is lean – there’s not a lot of fat – but I think […]
Developer of Nevis geothermal project seeking funding from OPIC
June 13, 2016
Nevis Renewable Energy International has approached the Overseas Private Investment Corporation (OPIC) to finance a geothermal project. The project has had a couple challenges that will raise questions for the powerful fossil fuel group, including one well site where significant steam levels did not produce the energy projected by administrators. The government of Nevis has deferred […]