CREF Market News - Page 8 of 90

Celebrating Excellence: Winners of 6th Annual CREF Industry Awards Announced
May 2, 2024
New Energy Events, hosts of the Caribbean Renewable Energy Forum (CREF), are excited to announce the seven recipients of its 6th annual CREF Industry Awards. The Awards – which recognize outstanding achievement in the Caribbean’s transition to a clean energy future – were celebrated on stage during the 16th annual CREF in Miami. The Awards […]
Bahamas seeks accountability for climate change
March 28, 2024
The Bahamas has submitted a request to the International Court of Justice (ICJ) to hold countries accountable for climate change. This submission follows the country’s support for a UN Resolution seeking an advisory opinion on states’ obligations regarding climate change. Source: Tribune242
Turks and Caicos Islands, Grenada, and Barbados explore Ocean Thermal Energy Conversion (OTEC)
March 28, 2024
Ocean Thermal Energy Conversion (OTEC) is back in the mix in the Caribbean as countries look for sustainable energy alternatives. Recent meetings between the governments of Turks and Caicos Islands, Grenada, and Barbados have spurred interest in exploring OTEC as part of their renewable energy transition. Source: Environment Energy Leader
Caribbean Transmission Development Company (CTDC) aims to connect DR and Puerto Rico via a submarine electrical cable
March 28, 2024
The Caribbean Transmission Development Company (CTDC) revealed that connecting the Dominican Republic with Puerto Rico via a submarine electrical cable would cost over US$1 billion. Despite challenges, the project aims to strengthen ties between the two economies and, according to CTDC, would be completed by 2030. CTDC has submitted a proposal to the federal government […]
Dominican Republic makes more strides on solar energy with new concessions and renewable targets
March 28, 2024
The Dominican Republic’s government awarded definitive concessions for two solar projects totaling 67 MWn. Empresa Generadora de Electricidad Haina (EGE Haina) secured one concession for the 48.29 MWn Girasol II park in Yaguate, San Cristóbal province, while Jambolan Solar FV obtained the other concession for the 18.4 MWn Jambolan plant in Pedro Brand, Santo Domingo […]
CFBC and GSI to establish Caribbean Centre of Excellence for sustainable innovation and workforce development
March 14, 2024
Clarence Fitzroy Bryant College (CFBC) and Green Solutions International SKN Incorporated (GSI) have announced a groundbreaking partnership to establish the Caribbean Centre of Excellence in Research, Innovation, and Workforce Training. This initiative, to be unveiled on April 9, 2024, will provide state-of-the-art training in sustainable innovation and skilled workforce development. Source: St. Vincent Times
Dominican Republic launches bid for 22 MW solar park
February 1, 2024
Dominican Republic state hydroelectric company, Egehid began the bidding process to develop a US$17 million solar project in San Juan. The call is for engineering, procurement, and development of a 22 MW solar park. They also launched new wind project tenders. Applications are due mid-March. Source: BNAmericas
Jamaica Inn takes step towards carbon neutrality with new solar power addition
February 1, 2024
Jamaica Inn in Ocho Rios, St Ann, is making strides towards achieving carbon neutrality by 2026 by adding a 53-kilowatt photovoltaic solar panel plant to its environmental initiatives. The resort’s commitment to sustainable practices is part of its broader ESG program. Source: Jamaican Gleaner
CDF and U.S. announce plans for climate-resilient fund in the Caribbean
February 1, 2024
The CARICOM Development Fund (CDF) and the United States announced plans for a CARICOM Resilience Fund. The new blended finance initiative, with a target of US$100 million, and technical assistance from the U.S. Agency for International Development, will be dedicated to supporting initiatives that enhance growth and resilience in the Caribbean region in the face […]