CREF Market Updates - Page 6 of 8

IDB to invest $20m in renewable energy in Nicaragua
June 26, 2018
The Inter-American Development Bank is investing $20m in small and medium renewables enterprises in the country. Nicaragua is already obtaining 54% of its total energy production from renewable sources including geothermal, solar, biomass, hydro, and wind. This new line of credit provided by the IDB will keep strengthening the industry and help Nicaragua reach its […]
Puerto Rico’s Toro Negro is first solar energy community on the island
June 25, 2018
Two national companies, SOMOS Solar and Máximo Solar Industries, with the Fundación Comunitaria de Puerto Rico (FCPR), have partnered with the community organization Comunidad Toro Negro, Inc. to create an efficient solar energy system to power the region. The project will provide off-grid solar energy to 25 families who were left without electricity following Hurricane […]
Canada seeks opportunities in Cuba’s renewable energy markets
June 25, 2018
Canadians are looking to invest in following the passage of the Cuban Foreign Investment Law. The President of the Chamber of Commerce and Industry Canada-Cuba, Nancy Lussier, stated that recently Canadian businesses have become more aware of the odds of development on the island, and exports and imports are increasing. While the diplomatic relationship between […]
Puerto Rico Senate approves GHG reduction bill, will spur growth of renewables and efficiency
June 25, 2018
A new climate change bill, with a focus on energy reform, has just been passed in the Upper Chamber of Puerto Rico’s government. Senator Larry Seilhamer, the lead author of the bill, developed measures to reduce greenhouse gas emissions by at least 40% of 1990 levels by the year 2035. The measure establishes policy to […]
Renewables a Solution for Post-Maria Puerto Rico
June 21, 2018
The Department of Energy of Puerto Rico has drafted a report detailing its vision for rebuilding a resilient energy system in Puerto Rico. To prevent similar situations in the future, the Department of Energy has recommended a modernisation in the transmission and distribution infrastructure in the island and reconsider other sources of energy production. More […]
GreenTech Solar to invest US$20 million for renewable projects in Antigua and Barbuda
June 21, 2018
The Cayman Island solar company, GreenTech Solar, has signed a US$20 million deal to bring renewable energy to Antigua and Bermuda. The solar company will provide 10 MW of renewable power to Antigua and Barbuda which is looking to provide energy to more than 30 sites such as hospitals, schools, movement buildings and car parks. If done […]
Finance sealed for a 51 MW solar park in Jamaica
June 21, 2018
The new solar park, Paradise Park, has sealed a 64 million dollars investment. The project which is majority owned by the French independent, Neoen, while the shareholders are MPC Caribbean Clean Energy Fund and Rekaminar Frontier Ventures. Neoen’s project was the one chosen out of more than 20 bids in an auction launched by the […]
Bermuda’s new solar farm to start operations in 2019
June 20, 2018
Bermuda’s solar project near the airport is expected to begin construction in the late summer/early fall and will start operations in the first trimester of 2019. This will be the first utility scale solar PV installation in the country, stated the Minister of Transport and Regulatory Affairs Walter Roban. The project’s main objective is to […]
Puerto Rico is supporting ‘green banks’ to push renewable energy in the country
June 19, 2018
More than 16 states in Puerto Rico are looking to support and create “green” banks to help finance and develop clean energy technologies. This is part of an initiative with the U.S Climate Alliance led by the governors of California, Washington and New York. This alliance is looking to make a $200 million investment in […]