CREF Market News - Page 9 of 90

Dominican Republic launches bid for 22 MW solar park
February 1, 2024
Dominican Republic state hydroelectric company, Egehid began the bidding process to develop a US$17 million solar project in San Juan. The call is for engineering, procurement, and development of a 22 MW solar park. They also launched new wind project tenders. Applications are due mid-March. Source: BNAmericas
Jamaica Inn takes step towards carbon neutrality with new solar power addition
February 1, 2024
Jamaica Inn in Ocho Rios, St Ann, is making strides towards achieving carbon neutrality by 2026 by adding a 53-kilowatt photovoltaic solar panel plant to its environmental initiatives. The resort’s commitment to sustainable practices is part of its broader ESG program. Source: Jamaican Gleaner
CDF and U.S. announce plans for climate-resilient fund in the Caribbean
February 1, 2024
The CARICOM Development Fund (CDF) and the United States announced plans for a CARICOM Resilience Fund. The new blended finance initiative, with a target of US$100 million, and technical assistance from the U.S. Agency for International Development, will be dedicated to supporting initiatives that enhance growth and resilience in the Caribbean region in the face […]
NGC launches new subsidiary, NGC Green, to pursue renewable opportunities in T&T
January 19, 2024
The National Gas Company of Trinidad and Tobago launched NGC Green Company Limited (NGC Green) this week. The subsidiary is actively pursuing opportunities in the renewable energy space. Source: TT Loop News
The Dominican Republic inaugurates 97 MW of solar from two plants
January 19, 2024
The Dominican Republic started operation at two solar plants that total a capacity of 97 MW. The developer, Ecoener, plans to have five PV parks in the DR by the end of 2024. Source: Renews.biz
Deetken Impact awarded USAID climate grant to advance sustainable energy projects in the Caribbean
January 19, 2024
The Caribbean Climate Investment Program provides a US$600K grant to the newly launched Caribbean Inclusive Climate Finance Initiative to fund a comprehensive, one-stop solution to incubate, develop and finance small and medium-sized sustainable energy and clean tech projects in eligible countries. Source: Deetken Impact
The Bahamas secures US$500 million loan backed by an IDB guarantee
January 19, 2024
The Bahamas has finalized a US$500 million 10-year commercial loan backed by an Inter-American Development Bank (IDB) guarantee. The loan will be used for infrastructure, education, and social welfare projects. Source: EWNews
ANSA McAL Limited and Kenesjay Green Limited signa MOU at COP28 in Dubai to advance green energy production in the Caribbean
December 7, 2023
ANSA McAL Limited and Kenesjay Green Limited signed a Memorandum of Understanding (MOU) at COP28 in Dubai, which aims to expedite the development of new and commercially viable green energy projects in the Caribbean region. Source: Guardian
Ecoener commissions 97 MW of solar energy in the Dominican Republic
September 28, 2023
Spanish renewable energy company, Ecoener, commissioned 97 MW of solar energy in the Dominican Republic, increasing its operational capacity to 300 MW. Source: Renewables Now