CREF Market News - Page 79 of 90

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 […]
Major Wind Energy Project Is Coming to St Lucia
March 8, 2016
St. Lucia’s Prime Minister, Dr. Kenny Anthony, announced this week that a 12 MW wind far is on the horizon for the island nation. Once completed, the project could produce as much as 20% of St. Lucia’s electricity needs.
Webinar on Financing Storage for Islanded Renewable Energy Systems
March 8, 2016
IRENA, under the umbrella of the SIDS Lighthouses Initiative, aims to facilitate the financing of energy storage in island systems. For this purpose, a paper “Financing Storage for Islanded Renewable Energy Systems”, highlighting the difficulties and potential solutions to the securing of financing for energy storage projects in remote areas and islands, has been prepared. […]
Oriana Energy begins construction of 45-MW PV plant in Puerto Rico
March 7, 2016
Construction of a 45 MW solar plant in Puerto Rico began last week. Once completed, the solar farm will generate 125,000 MW annually. Led by Oriana Energy, a partnership of two US energy firms, the project will cost $160 million to complete.
Jamaica’s RfP for 37 MW of renewables attracts 10 bids – report
March 5, 2016
In response to Jamaica’s RFP for 37 MW of renewable energy capacity, Jamaica’s office of Utilities Regulation received 10 bids. The RFP requested proposals for solar, wind, waste-to-energy and other renewable projects that can be operated on a build, own and operate basis.
Jamaica to Mitigate Climate Change
March 3, 2016
Jamaica aims to reduce greenhouse gas emissions by 1.1 million metric tons of C02 per year by 2030. These figures were released in the country’s Intended Nationally Determined Contributions report to the United Nations Framework Convention on Climate Change following the COP21 talks in Paris.
3mw solar system at Antiguan airport includes energy storage system
March 3, 2016
The recently inaugurated 3MW solar system at the Antiguan airport includes an energy storage system. Meeco is the UK-based company that installed the energy storage system, called sun2safe. The system will allow for energy harnessed during the day to be stored and used during the evening.