CREF Market News - Page 8 of 90

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 […]
NGC launches new subsidiary, NGC Green, to pursue renewable opportunities in T&T
January 19, 2024
The National Gas Company of Trinidad and Tobago launched NGC Green Company Limited (NGC Green) this week. The subsidiary is actively pursuing opportunities in the renewable energy space. Source: TT Loop News
The Dominican Republic inaugurates 97 MW of solar from two plants
January 19, 2024
The Dominican Republic started operation at two solar plants that total a capacity of 97 MW. The developer, Ecoener, plans to have five PV parks in the DR by the end of 2024. Source: Renews.biz
Deetken Impact awarded USAID climate grant to advance sustainable energy projects in the Caribbean
January 19, 2024
The Caribbean Climate Investment Program provides a US$600K grant to the newly launched Caribbean Inclusive Climate Finance Initiative to fund a comprehensive, one-stop solution to incubate, develop and finance small and medium-sized sustainable energy and clean tech projects in eligible countries. Source: Deetken Impact