CREF Market News - Page 88 of 90

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.
Cuba Plans for Wind Farm Construction
July 16, 2015
As part of an effort to transition 24% of electricity to renewable sources by 2030, Cuba’s Energy and Mines Minister outlined a plan to construct seven wind farms. Read more about the development of the projects here.
Jamaica to go Live with 200 Million USD of Renewable Projects in 2016
July 7, 2015
In 2016, Jamaica will go live with 78 MW of additional renewable projects, including solar and nearly 80 additional MW of wind.