October 20, 2017 Merve Kosesoy

9th Caribbean Renewable Energy Forum

This year, the Caribbean Renewable Energy Forum, organized by the New Energy Events LLC took place from 18th October to 20th October 2017 in Miami, United States of America. The conference focused on the enabling environment, commercialization and implementation in Caribbean region.

CREF is the biggest annual gathering of both local and international energy stakeholders reaching out for renewable energy investment opportunities in the Caribbean. Representatives from Cuba, Haiti, Jamaica, Dominican Republic, Barbados, Guyana, Puerto Rico and Trinidad & Tobago gathered together in this year’s forum, concentrated on investment regulation, financing, utility scale, distributed generation, storage, smart grids, energy efficiency and more.

This year, for the first time, The Ontario Government participated in CREF and took part in this hot renewable energy market.

On behalf of our team at Phoventus, our CEO and Managing Director, Rob Lydan attended the Forum. On the first day, after the welcoming remarks, attendees started the Forum with global trends shaping investment in clean energy in the Caribbean. The subtopics included President Trump’s reversal of the U.S. commitment to the Paris Agreement and the question of the impact of Irma and Maria to the flow of climate funding in the region. The panel also assessed the geopolitical and economic landscape and assess how global trends would shape the trajectory of investment in the Caribbean over the course of the next decade.

Dr. Cletus Bertin, Executive Director of CARILEC, Joseph Cox, Assistant Secretary-General Trade and Economic Integration of CARICOM Secretariat, Therese Turner-Jones, General Manager, Country Department Caribbean Group of the Inter-American Development Bank and many other Caribbean energy leaders took the stage and projected their views about how the region can influence international donors and the need of investing more resources to build resiliency in the face of a rapidly changing climate. Feasibility of exporting of surplus baseload from island to island and the alignment to streamline the planning and procurement of generation by policy-makers and utilities, were just some of the many other striking facts that were taken into consideration during the conference.

Dialog between stakeholders generated around discussions driven by the need for islands to rethink the approach to resilience and shifted the move from a “What If?” to a “What’s Next?”.

The Forum was very well organized to connect people with same goals. From networking lunches with roundtable exercises to case-studies and presentations of new projects, exploring and understanding other entities in the region was never been this clear. During the conference, people took initiatives to introduce their ideas on new approaches to procurement of renewables in a rapidly evolving market and on new approaches to financing of climate & grid resilience and more.

We collected some of the presentations and graphics for you. You can have a look at who are the top performers in the Caribbean and some new projects.

Large Projects Coming Up

Overview of Top Performers

Share of Planned Electricity Produced from RE

Castalia CREF Renewable Energy Island Index and Marketplace

We would like to hear from you; so please let us know if you have further questions / comments about the CREF 2017.