CREF Market News - Page 87 of 90

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.
IDB doubles climate, clean energy fund to US$100mn
July 22, 2015
Offering loans from $50,000 – $1 million as part of a clean energy fund to private firms for energy efficiency and self-supply renewable energy, and adaption investments, the Inter-American Development Bank will double its funding for climate and clean energy projects to $100 million.
Hundreds of Barbadians Participate in Free LED Program
July 20, 2015
Hundreds of people lined up in Barbados last week for Barbados’ fifth LED give away program. Funded by the Barbados Division of Energy, Caribbean LED Lighting, Inc, and Courts Barbados, the program is an effort to get Barbadians to integrate green measures into their daily lives.
PM Breaks Ground for US$60m Solar Energy Plant in Jamaica
July 18, 2015
The ground was broken last week on what is to be the largest solar energy plant in the Caribbean. Financed by WRB Enterprises, the array will be connected to the grid by June 2016.