CREF Market News - Page 82 of 90

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 […]
St. Lucia Government Installs Solar
January 5, 2016
As part of its plan to source 35% of energy from renewables by 2020, the government of St. Lucia has installed PV systems at the National Mental Wellness Centre and the headquarters of the National Emergency Management Organization. Permanent Secretary in the Ministry of Sustainable Development and CREF speaker, Sylvester Clauzel, said that the installation will […]
Jamaica: Wigton expansion on schedule
January 3, 2016
The 24 MW expansion of Jamaica’s Wigton Windfarm is scheduled to be completed on time and within budget. Spanish wind-company Gamesa commenced construction of the $45 million project in April 2015 and has thus far installed 12 wind turbines, a transmission line, substation and control building. Moving forward, construction will include equipment testing and grid […]
Energy efficiency upgrades saves Jamaican business $.5 million monthly
December 30, 2015
A food and household product distribution company is saving over a half million dollars monthly thanks to energy efficiency upgrades and a solar system. The electricity bill, which previously ran between $1 million and $800,000 per month is now $280,000. In addition to spraying the roof of its warehouse with foam and upgrading an out-dated […]
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 […]