CREF Market News - Page 79 of 90

35 companies submit bids to construct St. Lucia solar farm
March 26, 2016
St. Lucia Electricity Service Ltd’s RFP for the construction of a 3 MW solar farm resulted in bids from 35 companies. Participants at the meeting were given an overview of the project and its importance to St. Lucia, information on St. Lucia’s energy transition strategy and the RFP process. LUCELEC’s Business Development Manager, Victor Emmanuel, […]
Renewable energy in 2015 surpassed conventional power, say UNEP
March 24, 2016
2015 saw a $286 billion investment in clean energy. The result? 134 GW of renewable power. This is up from 106 GW of renewables installed in 2014 and 87 GW in 2013. A report released by the United Nations Environment Programme (UNEP) this week called ‘Global Trends in Renewable Energy Investment 2016’ said that an […]
Green economy generates jobs
March 23, 2016
The government of Jamaica and the United Nations Environment Program released a study this week that links the green economy to development and job creation. Focusing on agriculture, tourism, construction, energy, & water and sewage, the paper links long-term development goals to creating policies that integrate sustainability and efficiency into each sector of the economy. […]
Caribbean lagging in shift to renewable energy, says CDB
March 19, 2016
In a lecture titled ‘Regulating Utilities in Small Island Developing States – Lessons for the Caribbean,’ Dr. Warren Smith, President of the Caribbean Development Bank (CDB) said that the Caribbean is slow in its shift towards renewable energy. While there are regional targets to source 20% of energy from renewables by 2017 and 28% by 2022, the […]
Saft provides lithium-ion batteries for Puerto Rican solar plant
March 18, 2016
Saft will provide energy storage for a 10 MW PV facility in Puerto Rico. The 20P lithium-ion batteries will allow the facility to store energy produced during the day, when energy demand is lower, and distribute it in the evening during peak-demand times. Saft business development manager Jim McDowall said: “In remote locations and islands, […]
Caribbean Climate Innovation Centre is leading the regional response to climate change
March 16, 2016
Established in 2014, the Caribbean Climate Innovation Center (CCIC) seeks to develop a regionally integrated approach to solving the region’s climate, energy and resource challenges. CCIC’s CEO, Evertron Hanson, says that the organization takes an entrepreneurial approach to addressing these issues, “The purpose of this project is to build an entrepreneurial eco system that will […]
Guyana launches energy project
March 15, 2016
In an effort to electrify the 80% of rural areas in Guyana that have no electricity, Guyana’s Ministry of Public Infrastructure, the Multilateral Investment Fund and CARISBSAVE have partnered to implement the Sustainable Business Models for Rural Electrification and Energy Access project. The program will electrify 6,000 homes across 25 communities through solar power. […]
Dominican Republic adds 49.5 MW of wind
March 10, 2016
Empresa Generadora de Electricidad Haina SA inaugurated a 49.5 MW wind park in the Dominican Republic. The project, which cost 120 USD and took 18 months to construct, consists of 15 wind turbines. Each turbine has a 3.3 MW capacity. The plant will generate 200,000 Mwh of electricity each year, which will double the DR’s wind […]
Caribbean countries urged to fully develop energy sector
March 10, 2016
While many Caribbean countries acknowledge that reducing energy costs will help the region’s economy improve, governments face competing priorities, making the investment in renewables will benefit the economy in the long-run, coming up with the funding for these projects is a challenge. A study produced by the International Monetary Fund (IMF), “Caribbean Energy: Macro Related Challenges,” highlights […]