CREF Market News - Page 84 of 90

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 […]
Jamaican Government Saves $80 Million through Energy Efficiency and Conservation Projects
October 14, 2015
Since 2011, The Jamaican government has saved $80 million on its electricity bills through a partnership with the IDC called the Energy Efficiency and Conservation Program (EECP). Energy usage has been reduced by replacing outdated air conditioning units and lighting and by installing central cooling, solar film and windows and by painting roofs. According to […]
Oil Prices and the Future of Petrocaribe
September 30, 2015
An article in the Huffington Post discusses the relationship between nineteen Caribbean and Central American countries and Venezuela. Petrocaribe is a financing mechanism in which participating countries purchase oil from Venezuela at a discounted price and repay the difference over time with a low interest rate attached over a period of 17 – 25 years. To […]
St. Kitts & Nevis Push Forward with Geothermal Development
September 29, 2015
After signing a Memorandum of Understanding with a company from Guadeloupe to develop geothermal energy in St. Kitts over the next five years, Premier Honorable Vance Amory assured residents of the island of Nevis that St. Kitt’s pursuit of geothermal will not delay geothermal development in Nevis. On the contrary, geothermal development in St. Kitts […]
Jamaican Minister Welcomes Renewable Energy Projects
September 24, 2015
Julian Robinson, Jamaican State Minister for Science, Technology, Energy and Mining, highlighted the some of the economic benefits of renewable energy projects and energy efficiency systems that have been installed over the last few months through the Renewable Energy and Energy Efficiency Project (REEEP). Over the last year, the University of the West Indies’ reported […]
Barbados – New Target Date Set for Reduction in Energy Use
September 21, 2015
Barbados moves targeted date for a 20% reduction in energy use forward. CREF 2015 speaker Senator the Honorable Darcy Boyce spoke this week at the Smart Energy Barbados event about a revision to Barbados’ plan to reduce electricity use, which currently costs the government $ Barbados 100 million or approximately USD $ 50 million annually. While the […]
European Chambers of Commerce calls out the Dominican Republic for its lack of renewables development
September 18, 2015
The head of the European Chambers of Commerce (Eurocamara),Hans Witsenboer, recently admonished the Dominican Republic’s efforts to develop renewable energy and combat climate change. “The Dominican Republic is going very badly on climate change and it´s investing heavily in the construction of two coal-fired plants that have high pollution footprint when they should be using […]
Affordable Financing for Climate Change Mitigation Projects in Jamaica
September 16, 2015
The United States Agency for International Development (USAID) and the First Global Bank have partnered to give Jamaicans access to affordable loan financing for projects related to climate-smart agricultural and climate change mitigation solutions. According to Peter Lindo, Vice President of First Global Bank, the loans are different than traditional green financing, which typically targets […]
Bahamas Prime Minister Tells Foreign Investors ‘The Time Is Now’
September 13, 2015
In an address last week in London, Bahamas Prime Minister Perry Christine encouraged global investors to consider the Caribbean, saying that “the climate is indeed ripe for inward investment in the Caribbean.” He added that efforts in Barbados and across the region to implement reforms and promote investment have had the effect of “strengthening of compliance and […]