CREF Market News - Page 85 of 90

Jamaica’s Grid to be 12.5% Renewable by 2016
August 27, 2015
According to Jamaican Energy Minister and CREF 2015 speaker, Phillip Paulwell, Jamaica is expected to source 12.5% of energy for its grid from renewable sources by the end of 2016. Paulwell continues to push for Jamaica to hit the national target of 30% renewables by 2020. Contributing to the increased share of renewables are 78MW of […]
Costa Rica’s Carbon Neutral Path
August 24, 2015
Will Costa Rica be the world’s first carbon neutral country? In 2012, Costa Rica declared its intention to reach carbon neutrality. This year, the country has generated 94% of its energy from renewables. Between May to August, the country operated exclusively off of renewable energy for 94 days, beating its own record from earlier this […]
Barbados Renewable Projects Financed by CDB
August 23, 2015
Barbados renewable projects to receive a boost in funding. Between 2015 and 2018, Barbados will receive $224 million in financing from the Caribbean Development Bank (CDB), a sponsor of the 2015 Caribbean Renewable Energy Forum, for sustainable development projects. Outlined in the agreement between the CDB and the government of Barbados are strategic pillars that all […]
Dominica Awarded EU Funding for Solar Project
August 21, 2015
A 125 KW solar system will be installed in the Kalinago Territory of Dominica this year. It is scheduled to go live at the end of September 2015. The $400,000 system is funded by the European Union through the Caribbean Community Climate Change Center (5cs). The project will be managed by DCH Energy GMBH of Germany and local residents […]
Jamaica Energy Minister Hails LNG Deal
August 18, 2015
According to Energy Minister Phillip Paulwell, the Jamaica Public Service Company Limited (JPS) and New Fortress Energy have signed an agreement on the supply of liquefied natural gas to fuel the generation of electricity in Jamaica. As part of this agreement, New Fortress Energy will provide LNG for a diesel plant in Montego Bay. While Jamaican […]
Costa Rica Hits 94 Days of 100% Renewable Energy Generation
August 17, 2015
During the 94-day period between May 8th and August 9th, Costa Rica generated 100% of its electricity from renewable energy. Earlier this year, Costa Rica generated 100% of its electricity from renewables for a period of 75 days. Costa Rica has had 188 days in which 100% electricity was generated from renewables. According to the Costa […]
Globeleq Warns of Unexpected Costs in New Markets
August 12, 2015
According to Jay Gallegos, CEO of Globeleq Mesoamerican Energy and CAMRIS 2015 speaker, abrupt changes in law, regulatory uncertainty and financially insecure utilities add unexpected costs to developing projects in new markets. “It’s a minefield of risks,”said Gallegos, “that end up occurring as you work on these projects, and many of them cost you.” In […]
Grenada & St. Lucia to Establish Energy Regulatory Commissions
August 11, 2015
St. Lucia and Grenada will establish national energy regulatory commissions in an effort to “establish and operationalize a regional approach to the development and regularization of the electricity sector.” According to Bentley Browne, Director of the Organization of Eastern Caribbean States’ Division on Social and Sustainable Development, “the current legal and regulatory framework in many of the […]
CDB commits US$120 million to Caribbean Renewable Energy Fund
August 10, 2015
Following the IDB’s pledge of $600 million for a Caribbean Renewable Energy Fund, the Caribbean Development Bank (CDB) has pledged an additional $120 million. CDB President Warren Smith wrote that, “the existence of a multi-donor facility will allow participating donors to leverage the resources they have available to support this transformation.”