CREF Market News - Page 83 of 90

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 […]
Cuban farmers use renewable energy to protect environment
October 20, 2015
Cuban farmers are ahead of the curve with techniques to use renewable energies for environmental protection. The operation of 200 windmills and 20 solar panels in the sector of Villa Clara is one example of hardware infrastructure used. Additionally, 130 biodigesters are currently used for the treatment of pork residuals and 300 more will be […]
A Boost for Green Energy in the Eastern Caribbean
October 18, 2015
A Boost for Green Energy in the Eastern Caribbean The United Kingdom’s Department for International Development is increasing its support for the development of green energy in the Eastern Caribbean. An agreement to contribute approximately $3.9 million USD will provide support the Caribbean Development Bank’s Sustainable Energy for the Eastern Caribbean initiative. Financing will support […]
The Business Case for Solar Power in the Caribbean: Bacardi HQ Running on 100% Sunshine
October 16, 2015
After contending for too long with high Caribbean electricity prices, Bacardi installed a 24.75 kW solar array on its San Juan headquarters. The array, which produces 100% of the building’s power needs, is projected to pay for itself in just five years. The installation of these panels has been one of several initiatives undertaken by […]