CREF Market News - Page 87 of 90

981 MW of Solar Projects to be Constructed in LAC Region in Q2 of 2015
August 6, 2015
According to GTM research, nearly 1 gigawatt of solar projects will enter into construction phase in the second quarter of 2015. While the majority of these projects are under construction in Chile, several are underway in Mexico and Jamaica.
RFP – Supply of up to 37 MW (Net) of Electricity Generation from Renewable Energy Resources
August 4, 2015
The Office of Utilities Regulation (the Office or OUR) hereby invites interested entities to submit proposals for the provision of new Generating Capacity from renewable energy sources up to 37 MW (Net) to the national grid of Jamaica on a Build, Own and Operate (BOO) Basis. View the full RFP here.
Climate Change and Rising Sea-Levels a Serious Concern for the Caribbean
August 4, 2015
An estimated two-meter rise in sea-level caused by climate change over the next few decades will leave many Caribbean residents and businesses with no choice but to rebuild or relocate. “Approximately 1,300 km square metres of land area will be lost. That’s equivalent to Barbados plus Antigua & Barbuda plus St Vincent & the Grenadines, […]
New report unveils pathway to affordable, sustainable energy in Dominican Republic
August 4, 2015
An efficient, renewable-based energy system could save the island nation up to US$25 billion over the next 15 years Washington, D.C.—Earlier last month, at the Energy Ministry of the Dominican Republic in Santo Domingo, the Worldwatch Institute presented analyses and recommendations to government officials and energy stakeholders to support a transition to a sustainable energy […]
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 […]