CREF Market Updates - New Energy Events

The Bahamas will invest US$14.2 million into the installation of a 25 MW battery energy storage system at the Baillou Hill Power Plant, along with other projects
August 24, 2022
According to Philip Davis, the Prime Minister of the Bahamas, the government will invest US$14.2 million into the installation of a 25 MW battery energy storage system at the Baillou Hill Power Plant. They also plan to invest US$35 million into the installation of solar photovoltaic systems in the Family Islands, and feasibility studies on […]
Ahead of COP27, Caribbean leaders consider demanding a compensation fund for nations hit hardest by climate change
August 24, 2022
Ahead of COP27, Caribbean leaders consider demanding industrialized countries to set up a compensation fund for nations that have suffered the most from climate change. Source: Radio Jamaica News Online
The Dominican Republic will expand its protected marine areas to 30% by 2030
August 24, 2022
The Dominican Republic committed to expanding its protected marine areas to 30% by 2030 at the United Nations Ocean Conference. Source: Regenerative Travel
Dominican Republic signs agreement with World Bank to curb carbon emissions and reduce deforestation
May 17, 2021
The Dominican Republic’s Ministry of Finance and Ministry of Environment and Natural Resources signed a landmark agreement today with the World Bank’s Forest Carbon Partnership Facility (FCPF), unlocking payments of up to US$25 million for verified carbon emission reductions between now and 2025 through the country’s emissions reduction program. Source
The economics of energy transformation zeroes in on infrastructure in Antigua and Barbuda
February 11, 2021
Prime minister and minister of finance and corporate governance, Gaston Browne has undertaken energy transformation focusing on renewable energy, climate resilience, and a development fund to power Antigua and Barbuda. To facilitate such access, the government will complete the $55 million new airport on Barbuda in 2020. The estimated value of all the projects, which […]
InterEnergy acquires 34-MW wind farm plus pipeline in Dominican Republic
January 12, 2021
Energy solutions provider InterEnergy Group announced the acquisition of the 34-MW Matafongo onshore wind farm plus an under-development project pipeline in the Dominican Republic. Source
MPC Capital says construction complete on 6.4-MWp El Salvador solar farm
January 5, 2021
Hamburg-based asset manager MPC Muenchmeyer Petersen Capital AG announced that the construction of its 6.4-MWp San Isidro solar project in El Salvador had been finalized. Source
National electricity loss reduction plan consultancy in Jamaica
December 21, 2020
The Inter-American Development Bank has published a call for proposal for a project in Jamaica to support the recovery of the energy sector from the COVID-19 pandemic. Source
IDB supports COVID-19 resilience in Caribbean countries
December 1, 2020
The Inter-American Development Bank (IDB) approved a US$50 million loan to support member countries of the Organisation of Eastern Caribbean States (OECS) and their response to the health, social and economic consequences caused by the COVID-19 crisis. Source