Caribbean Development Bank - New Energy Events

CDB reaches landmark financial close on facility for Dominica’s 10 MW geothermal project
September 11, 2025
The Caribbean Development Bank (CDB) has reached financial close on a facility for Dominica’s 10 MW geothermal power project, led by the Geothermal Power Company of Dominica, a wholly-owned subsidiary of Ormat Technologies). The project combines US$34.8 million in concessional funding (US$25.4 million from the Green Climate Fund via an IDB-GCF programme, and US$9.4 million […]
CDB approves US$17 million loan to transform education in Saint Lucia
March 13, 2025
The CDB has approved a US$17 million loan to support Saint Lucia’s education transformation initiative, aimed at expanding access to quality education, modernizing infrastructure, and improving teacher training. Source: Jamaica Observer
BVIEC Evaluates 19 Applications for Paraquita Bay Microgrid Project
January 17, 2022
The British Virgin Islands Electricity Corporation (BVIEC) received 19 applications from companies looking to pre-qualify for the proposal to develop a microgrid in Paraquita Bay. Submissions qualify the companies for consideration by the BVIEC to bid on future engineering, procurement, and construction services. The project will be funded with a USD 600 thousand grant provided […]
Pandemic derails Caribbean islands’ bid for greener, cheaper energy
May 17, 2021
A lack of climate finance, electricity monopolies and now the pandemic’s ripple effects are slowing the Caribbean’s shift from economies run on fossil fuels to clean energy, banking and government officials said on Tuesday. In the Eastern Caribbean, only 10% of energy comes from renewable sources and plans to promote the use of solar and […]
REOI for development of a Caribbean Blended Finance for Resilience Fund (CBFR)
April 28, 2021
The Caribbean Climate Smart Accelerator (CCSA) has applied for financing from the Caribbean Development Bank (CDB) towards the cost of Consultancy Services for Development of a Caribbean Blended Finance for Resilience Fund and intends to apply a portion of the proceeds of this financing to eligible payments under a contract for which this invitation is […]
CDB, IDB sign US$50 million loan for COVID-19 response in the OECS
December 22, 2020
The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) today signed a US$50 million loan agreement to support COVID-19 response projects in the Organisation of Eastern Caribbean States (OECS) Member States. Source
CDB program to train and certify solar PV workforce in the Caribbean
August 7, 2020
Current and potential solar photovoltaics (PV) practitioners in the Eastern Caribbean are currently benefiting from a training and international certification programme, aimed at persons who are currently working or are interested in the industry but lack internationally recognised certification. Approximately 150 women and men will be trained in the installation of PV systems as part […]
Gender equality top priority for Caribbean Development Bank
April 8, 2020
The Board of Directors of the Caribbean Development Bank (CDB) has this week approved the Bank’s new Gender Equality Action Plan 2020-2024 to deepen its work on gender equality in Borrowing Member Countries and in the institution. Building on its investment in gender equality during the last decade, CDB is stepping up its gender responsiveness. […]
Blue Economy Accounted for 7% of Jamaica’s GDP in 2017
February 12, 2020
The Blue Economy was responsible for more than US$1 billion of GDP in Jamaica in 2017, according to Caribbean Development Bank (CDB) Director of Economics Dr. Justin Ram. The announcement was part of the CDB’s annual news conference in Barbados, and included wider discussions about economic growth in the region. Among the economic leaders in […]