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CREF Market News

  • Contract signed for the drilling of the 3rd geothermal exploration well on Montserrat

    April 27, 2016

    With the help of the UK Department of International Development (DFID), Montserrat will drill a third well for geothermal exploration. A joint statement by the Government of Montserrat and the DFID on Tuesday announced the award of a £5.1m contract for drilling to the Iceland Drilling Company (IDC). The exploratory well will be located in […]

  • Regional climate change meeting to take place in St Lucia

    April 26, 2016

    A meeting in Saint Lucia this week will take place to agree on an action plan following the Paris Agreement on Climate Change. The Regional Coordinating Committee on Climate Change (RCCCC) will use this opportunity to review the progress made in the implementation of the ‘Regional Framework for Achieving Development Resilient to a Changing Climate’. […]

  • Cuban hydro project financed by Kuwait Fund for Arab Economic Development

    April 26, 2016

    The Cuban energy sector will get a boost this year after a deal signed with the Kuwait Fund for Arab Economic Development will provide financing for the construction of 34 small hydropower projects. These projects will use existing infrastructure to provide a capacity of 14.6 MW of hydropower to the Caribbean island and three linking […]

  • UN ambassador pushes for waste to energy pilot in Dominica

    April 25, 2016

    Dominica may develop a pilot project that will turn the island’s waste into energy. Permanent Representative and Ambassador of the Commonwealth of Dominica to the United Nations, Dr. Vince Henderson, foresees a partnership with the Dominica State College that could incubate new technology to solve waste problems. The Ambassador hopes that results from initial implementation […]

  • Dominica invites private sector to play a role in geothermal

    April 25, 2016

    Dominica’s Prime Minister, Roosevelt Skerrit, said that small island states often have to choose between renewable energy investment and other projects. “We should never have a situation where our country should have to make a determination on whether we advance our renewable energy initiatives or divert the resources to other areas,” Skerrit said. The Prime […]

  • Jamaica signs climate change agreement

    April 22, 2016

    Jamaica joined the coalition of over 150 countries to sign the Paris agreement on Climate Change, on April 22nd at the UN Headquarters in New York. Minister of Foreign Affairs & Foreign Trade, Kamina Johnson Smith, was present at the signing and said, “The Agreement is especially important to Small Island Developing States, like Jamaica, […]

  • Caribbean Ministers invited to US energy summit

    April 22, 2016

    US Vice President Joe Biden has extended an invitation to Caribbean Prime Ministers and other Ministers to participate in the US-Caribbean-Central American Energy Summit this Spring.

  • Webinar Presentations | The Caribbean Utility & Energy Efficiency: New Approaches to Promoting Commercialization

    April 18, 2016

    Download the presentations by clicking on the names of the panelist below: Jacob Corvidae, Manager, Rocky Mountain Institute Kelly Tomblin, President & CEO, Jamaica Public Service Co. All other panelists spoke without a slide deck. You can view the recorded version of the webinar here.

  • Solar PPAs in Latin America

    Solar PPAs in Latin America: How Low Can They Go?

    April 18, 2016

    If the Peru and Mexico auctions are any indication, Latin American markets are establishing a new, and very low, normal for solar prices. Peru recently awarded a solar PPA at $47.98/MWh to Enel Green Power (EGP), making headlines as the lowest PPA on record, but just weeks later EGP beat its own a record in Mexico’s […]

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