CREF Market News - Page 81 of 90

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. […]
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. […]