CREF Market Updates - Page 5 of 8

Energy diversification will give Jamaica electricity sector competitive advantage
July 5, 2018
Building a robust renewable energy infrastructure can translate to a competitive advantage in electricity generation for Jamaica. This means that in addition to existing large sustainable energy projects, the country should incentivize other public-private partnerships that could help diversify the island’s electric system, stated Wilfred Baghaloo, PwC partner and deals expert, at the Jamaica Investment […]
Vestas will supply 48 MW wind farm in Dominican Republic
July 3, 2018
The Danish wind turbine company, Vestas, will build a 48 MW wind park in the Dominican Republic. The company expects to ship the wind turbines within Q1 2019 as the commissioning is scheduled for the Q3 2019. This will be the company’s fifth project in the country with 180 MW of installed and under construction […]
Haiti explores access to Green Climate Fund
July 3, 2018
Haiti’s Ministry of Environment and the United Nations Development Program (UNDP) have organized a two-day information workshop to advise project developers from the private sector, academia and policy makers on how they can access the Green Climate Fund (GCF), which has the objective to fund projects which help fight global warming. Martine Thérer, Deputy Representative […]
Japan commits $17.8m to Guyana’s renewable energy development
July 3, 2018
The Government of Guyana has secured a deal with Japan for US$17.8M dedicated to renewable energy development and system efficiency improvements. This grant will also provide US$1.3M for energy saving LED lights, which are expected to fund 10,930 units of LED streetlights. This investment will be used to improve the efficiency of the power system […]
Cuban business forum looks to increase investment opportunities with Caribbean
July 2, 2018
More than 14 countries from the LAC region attended a business forum in Cuba, with the objective to increase the islands commercial and investment relationship with the greater Caribbean. Cuba has been open to investments from the region and wants to continue carving a path forward. The President of the Chamber of Commerce in Cuba, […]
Puerto Rican school’s microgrid to provide energy security to community
June 28, 2018
A rural school in Puerto Rico is about to become the first public school in the country to use 100% renewable energy with a solar + storage microgrid. Solar energy company, Sonnen, donated two microgrids to a rural school and community. In addition to electricity, Sonnen will also install a water purification system, which when […]
Barbados has ambitions for an electric government fleet
June 28, 2018
The Minister of Energy of Barbados, Wilfred Abrahams, is considering energy efficient options to address the current shortages of public transportation on the island. The Minister suggested the government would look for financial support from both the Inter-American Development Bank and the European Union. “Under our public sector Smart Energy programme we are working with […]
Dominican Republic now generating 22% of energy from renewables
June 27, 2018
The Dominican Republic is reaching its targets for renewable energy production, as set out under the Paris Agreement. In addition to reducing fossil fuel consumption, these targets will aid in lowering energy costs and mitigate GHG emissions. Today, the country generates 3,703 MW of total electric capacity, in which 22% is produced by renewable resources. […]
India explores investment in Cuban renewable energy
June 27, 2018
Last week the president of India, Ram Nath Kovind, visited the island in an effort to expand the economic and commercial relationship within the two countries. The presidents of both India and Cuba, Ram Nath Kovind and Miguel Díaz-Canel respectively, jointly stated India’s interest in the Cuban economy is primarily driven by the pharmaceutical, science, […]