CREF Market News - Page 87 of 90

Hydrothermal Energy Potential in Jamaica
August 3, 2015
According to Silbert Barrett, a Sustainable Strategist at Brittenwoods International, a Trans-Caribbean Hydrothermal Power Plant could generate 52 gigawatts of renewable energy by 2030. Accessing the super-heated undersea hydrothermal vents that are located between Jamaica and the Cayman Islands in the Mid-Cayman Trough, would take approximately $140 billion dollars and 450,000 workers. If successfully completed, […]
Caribbean Seeks Funding for Renewable Energy Mix
August 1, 2015
Referring to the Caribbean as “a ticking time bomb,” president of the Ocean Geothermal Energy Foundation (OGEF), Jim Shnell, highlighted the importance of transitioning to reducing the pace of climate change by increasing island renewable energy mix. OGEF, an organization that seeks to fund the R&D needed to tap into the earth’s vast geothermal energy resources, […]
Caribbean Development Bank Approves Loan for Anguilla Solar
July 28, 2015
In pursuit of a targeted 30% renewable energy by 2030, the Government of Anguilla borrowed $2.3 million USD to fund the installation of 1 MW of solar. This project will allow the Anguilla Electricity Company Limited (ANGLEC) to monitor the impact of the introduction of intermittent renewables into the energy matrix. The loan was provided […]
Jamaican Energy Prices Fall Dramatically
July 27, 2015
The price of a kilowatt hour in Jamaica has dropped in the past 12 months from .46 cents/kwh in 2012 to .26 cents/kwh today. According to the Jamaican Ministry of Energy & Mining, this reflects the adoption of substantial renewable energy and energy efficiency programs. Retrofits include “cool roofs”, solar power and improved air condition […]
Trinidad and Tobago Pursues $1 Billion Sustainable Energy Fund for Caribbean
July 27, 2015
Following up on the January 2015 meeting of Caribbean leaders and US Vice President Joe Biden, Trinidad & Tobago Planning and Sustainable Development Minister, Dr. Bhoe Tewarie, is confident that creating a $1 billion in fund for sustainable energy in the region is possible. This far, possible contributing donors include the IDB, Spain, Canada and […]
Are Renewables the Answer for Puerto Rico’s Energy Challenges?
July 24, 2015
Debt levels in the billions and energy rates 2.5 times that of the main-land US are only the start of Puerto Rico’s energy challenges. Could a great commitment to renewable energy be the solution? What changes would Puerto Rico’s utility, PREPA need to make in order to assist with a transition?
Cuba Seeks Foreign Investment To Build 13 Wind Farms
July 23, 2015
In pursuit of a transition from a 4% renewable energy matrix to 24%, Cuba is seeking financing for thirteen potential wind projects. Estimated annual cost-savings from renewable energy is $780 million.
Island Leaders Endorse Renewables Action Plan
July 23, 2015
Island leaders have approved a plan to further integrate renewable energy projects into small island development. Under the umbrella of the International Renewable Energy Agency (IRENA) Island Lighthouse Initiative, the Martinique Action Plan, “outlines practical steps for renewable energy deployment for developing island nations, and has targeted […] the installation of 100 MW of solar PVand 20 […]
St Vincent geothermal project on track to start-up in 2018
July 22, 2015
According to Emera Caribbean, a partner of the St Vincent & the Grenadines government, a geothermal energy project is set to start by 2018, with drilling starting in 2016.