CREF Market Updates - Page 3 of 8

Webinar: One year on – is the Caribbean energy sector more resilient?

From our Editorial Team
October 4, 2018
To set the stage for the 10th Caribbean Renewable Energy Forum (CREF 2018) on November 7-9 in Miami, New Energy Events gathered experts from the region to assess the realities of creating a resilient energy sector in the Caribbean. The webinar “One year on: Is the Caribbean energy sector more resilient?” was held on October 4, 2018. To […]
BMR Energy to acquire solar park in US Virgin Islands
August 16, 2018
BMR Energy, a clean energy firm, is set to acquire a 4 MW solar park, St. Croix, in the US Virgin Islands. St Croix solar plant, sustained significant damage last year due to Hurricane Maria. The company, which has already started repairing the damage and replacing inverters, plans to restore the PV plant to its […]
Microgrid and storage system installed in school in Puerto Rico
August 14, 2018
Five companies – Black & Veatch, Tesla, Canadian Solar, Lloyd Electric and SunCarte Energy – have contributed to the installation of a microgrid and storage facility for a rural school located in the district of Yabucoa in Puerto Rico. This installation has the capacity to generate up to 156 kWh in one day and store […]
Green fund launch to promote investments for a resilient Caribbean
August 14, 2018
The CEO of Virgin, Richard Branson, and two dozen Caribbean nations have launched a multi-million-dollar initiative to help turn the hurricane-vulnerable region into a green tech hub resistant to disasters. The initiative – which is backed with an initial US$ 4m investment – will push to replace fossil fuel-dependent utilities with low-carbon renewable energy sources, […]
New solar plant in St. Lucia will support economic development
August 14, 2018
Invest Saint Lucia, the island’s investment promotion agency, was pleased to see the inauguration of St. Lucia Electricity Services Limited (LUCELEC) 3-MW solar farm in La Tourney. This solar park is the first utility-scale renewable energy project operated by LUCELEC. The solar park has 15,000 solar panels and is expected to generate approximately 7 million […]
Barbados to explore offshore renewable energy
August 3, 2018
Barbados has received funding from the Inter-American Development Bank (IDB) and the European Union (EU) for renewable energy projects. The Government of Barbados will use the funds to explore offshore projects, focusing on ocean thermal energy, fixed offshore wind, and floating offshore wind projects. The island’s Public Sector Smart Energy Program has called for studies […]
51 MW solar plant in Jamaica announces construction partners
August 3, 2018
A consortium of two experienced companies, Schneider Electric and Eiffage Energía, were selected for the construction and development of the 51 MW solar plant, Paradise Park, in Jamaica. The project developers, Neoen, MPC Caribbean, and Rekmaniar Frontier Ventures, won the tender with the lowest bid for solar power in the Caribbean at 8.5 cents/kWh. For […]
Puerto Rico wants to increase renewable energy output to 40 percent
August 1, 2018
The governor of Puerto Rico, Ricardo Roselló, stated that the objective of the island is to increase the use of renewable energy to 40%. This, the governor stated, will give the citizens of the islands alternatives, regulate prices, independence and will help protect the environment and fight climate change. This statement goes in line with […]
Promising results at Nevis geothermal drilling site
August 1, 2018
Thermal Energy Partners (TEP) has provided details on their successful drilling efforts on the Island of Nevis. This discovery has made the company confident that the resources in the island are economically viable and have the potential to supply power to the island resident and industries. Given the high temperatures of the geothermal resources, TEP […]