CREF Market News - Page 81 of 90

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. […]
UAE provides $46m in loans for renewable energy projects in Africa and Caribbean
January 19, 2016
The Abu Dhabi Fund for Development (ADFD) has committed $46 million in loans for renewable energy projects in developing countries, including a wind and solar project in Antigua and Barbuda. The fund is a collaboration with the International Renewable Energy Agency (IRENA) and the loans are the 3rd cycle of funds ADFD provided to bolster sustainable […]
St. Lucia Electricity Services and government sign agreement
January 18, 2016
A new renewable energy task force is forming as St. Lucia Electricity Services Limited (LUCELEC) get ready to begin the process of constructing a 3.2 MW solar power plant. On Thursday, LUCELEC signed an agreement for the development of an Integrated Resource Plan (IRP) with the Government of Saint Lucia that includes a provision for […]
Danny Gutierrez appointed Belize’s first Ambassador to CARICOM
January 17, 2016
Belize’s newly appointed Ambassador to CARICOM, Danny Gutierrez, says that he is committed to making 2016 a year of action. “The hard work of our colleagues who diagnosed our hurdles and proposed a strategic plan must be matched by action… The best years of CARICOM lie ahead,” said Gutierrez in a statement released from Guyana. […]
US Embassy Bridgetown installs largest wind turbine in Barbados
January 15, 2016
Barbados continues to make headway on goals to mitigate the impact of climate change with a wind turbine installed at the Embassy Bridgetown. The 70-foot-high, 20 KW turbine was installed on December 16 produces 63 KW of energy daily. The turbine is built to withstand a Category 2 hurricane, and is designed to shut off […]
Clean energy expanding even when fossil fuels are cheap
January 14, 2016
Despite the low cost of fossil fuels in 2015, a Bloomberg New Energy Finance (BNEF) analysis points to evidence that 2015 was a breakout year for clean energy. It was a record year for global investment with wind, solar panels, biomass plants and more around the world totaling $329 billion in invested capital – and […]
Cuba and Germany to Work Together in Renewable Energy
January 9, 2016
Interest in promoting investment and cooperation in renewable energy in Cuba is growing, said Sigmar Gabriel, Deputy Foreign Minister (FM) and Federal Minister of the Economy and Energy of Germany during his recent visit to Cuba. Cuba, with high dependence on fossil fuels to produce electricity, seeks to reverse its energy matrix with the support of […]