CREF Market News - Page 82 of 90

Caribbean countries warned to look for alternative sources of oil post-PetroCaribe
December 27, 2015
The recent election of President Nicolas Maduro in Venezuela may disrupt the delicate balance of the PetroCaribe energy agreement. Maduro’s coalition announced that it is going to take the agreement under critical review. Tomas Guanipa, a deputy of the National Assembly said that Venezuela “cannot continue selling oil in 20 years when we are in need of […]
St. Kitts & Nevis Government expects renewable energy projects to take off in 2016
December 22, 2015
The government of St. Kitts and Nevis expect substantial job creation to result from a $610 million investment into geothermal and wind energy. Prime Minister and Minister of Finance, Dr. Timothy Harris, said in a budget presentation: “We must see this alternative energy, this new industry, as providing new opportunities for employment, for new skills […]
COP 21 and the Caribbean: Energy and Climate Change
December 15, 2015
The Caribbean Policy Research Institute (CaPRI) endorsed the views of Bill Gates, this week at the climate negotiations in Paris: “If you could pick just one thing to lower the price of, to reduce poverty, by far, you would pick energy.” The meeting of 196 countries aims to establish a legally binding deal on climate […]
Saint Lucia Leading on Climate Change
December 10, 2015
St. Lucia stepped into a big role at the United Nations Framework Convention on Climate Change (COP21) that took place outside of Paris, last week. The responsibility to lead CARICOM negotiations was assigned to the Country because Prime Minister Hon. Dr. Kenny D. Anthony is the CARICOM lead head of government on Climate Change. At […]
Jamaica to introduce net-metering program
October 31, 2015
In an effort to continue to drive down electricity prices in Jamaica, the government has introduced a program that will allow individuals to produce their own electricity and sell excess back to the grid. According to Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell, Jamaicans electricity prices are already, “down from 40 cents per […]
The Electricity Regulatory Authority of the Cayman Islands Approves 5MW Solar Project
October 30, 2015
The Caribbean Utilities Company, Ltd. and the Electricity Regulatory Authority of the Cayman Islands (ERA) have approved a Power Purchase Agreement that will bring renewable energy to residents of Grand Cayman. A 5MW solar project, built by Entropy Cayman Solar Limited in the district of Bodden Town, will provide clean energy to 800 homes by […]
First-ever roadmap for Caribbean Islands to be 48% Renewable by 2027
October 28, 2015
A comprehensive work program to achieve renewable energy generation has been outlined by CARICOM in the Caribbean Sustainable Energy Roadmap and Strategy (C-SERMS) Baseline Report and Assessment. The report includes concrete steps for achieving the 48 percent renewables generation target set for 2027. Priority Initiatives, Policies, Projects and Activities (PIPPAs) aim to tackle existing barriers […]
Startup provides solar energy in rural Haiti
October 21, 2015
RE-VOLT is on a mission to bring affordable and reliable solar energy in rural Haiti and is running a crowdfunding campaign to help fund the expansion of its service to bring power to the people in rural Haitian homes for the first time. Customers, who are charged a low monthly fee of 250 Haitian Gourdes (about […]
IDB and CDB Sign Sustainable Energy Facility (SEF) for the Eastern Caribbean at CREF 2015
October 20, 2015
SEF will fund renewable energy, including geothermal power, energy efficiency, and institutional capacity projects in six Eastern Caribbean countries The Sustainable Energy Facility for the Eastern Caribbean; a US$71.5 million loan and grant package approved by the Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB); was today signed by Presidents Alberto Moreno of […]