CREF Market News - Page 80 of 90

Sun Fund Americas expands operations from Costa Rica to Jamaica
February 27, 2016
Sun Fund Americas, a Costa Rican renewable energy development company, will expand its operations to Jamaica this year. The company signed a 20MW solar PPA. Sun Fund works primarily on utility-scale solar projects and executes them in conjunction with Serenfushion Americas, a US-based hospitality development company. Read more here.
EU and OCTs sign joint declaration on sustainable energy
February 26, 2016
European Commissioner for International Cooperation and Development, Neven Mimica, and President of the Overseas Countries and Territories Association and Prime Minister of Curaçao, Dr. Ben Whiteman signed a Joint Declaration on cooperation on sustainable energy this week. EU Ambassador to the Eastern Caribbean, OECS, CARICOM and CARIFORUM, Mikael Barfod said: “The Joint Declaration represents an important […]
3 MW solar power plant inaugurated at the Antiguan airport
February 23, 2016
This week, a 3 MW solar power plant was inaugurated at the Antiguan international airport. The plant, which was developed by PV Energy Limited, has over 12,000 PV panels. According to PV Energy, the plant will generate up to 4.645 MWh per year, saving 3.019,50 tons of CO2 emissions on the island in the same […]
Lucelec seeks EPC contractor for 3-MW Caribbean solar park
February 13, 2016
Lucelec, the solar power supplier of Saint Lucia, has announced an RFP to develop a 3 MW solar project on the Island. The utility is seeking a development partner for the solar farm’s engineering, procurement and construction (EPC); Lucelec will provide the funding and will manage the park after it is online. The project is […]
Electricity costs killing us, says St. Kitts manufacturing sector
February 12, 2016
Despite the falling price of oil globally, the cost of fossil-fuel generated electricity in the Caribbean remain high. “It’s killing us, and we look forward to any assistance that we can get in helping to lessen the cost of electricity. One would hope that with the cost of oil going down by leaps and bounds […]
Cuba & China sign agreement for 100 MW of PV projects
February 6, 2016
Cuba and China have signed a commercial contract for the implementation of a 100-MW photovoltaic project in the Greater Antilles. In 2015 the Abu Dhabi Fund for Development (ADFD) announced an AED-55 million (USD 14.9m/EUR 13.3m) concessionary loan to the government of Cuba for the development of a 10-MW solar project in the country. This […]
Nevis to source 100% of energy from geothermal by 2017
January 27, 2016
With a population of 12,000, the island of Nevis seeks to achieve 100% renewable energy in the near future. The island currently imports 4.2 million gallons of fuel annually, which is converted into approximately 10 MW of energy. Fuel and conversion costs the island administration about $12 million annually. Deputy Premier and Minister of Tourism […]
BMR Wind Farm to start production soon
January 25, 2016
With nine out of eleven wind turbines installed, BMR Jamaica is nearly ready to start energy production. During the 20-year PPA, the 36.3 MW wind farm will sell electricity to JPS for 12.9 cents per kwh. During the year-long construction of the farm, 737 Jamaicans were employed in the project.
Geothermal is the key to lower electricity prices in the Caribbean, says CDB
January 23, 2016
In a recent interview, Warren Smith, President of the Caribbean Development Bank and CREF Speaker, said that “geothermal is the key to cheaper electricity” in the Caribbean. Caribbean islands have great geothermal potential that could help islands to transition away from dependency on foreign oil and volatile pricing, while developing a reliable and clean energy source. […]