CARIF Market News - New Energy Events

IDB Approves US$250 million loan to restore Guatemala’s Motagua River Basin
September 11, 2025
The Inter-American Development Bank (IDB) has approved a US$250 million loan to support environmental restoration and improved living conditions in Guatemala’s Motagua River Basin. The program will expand waste collection, sanitation, and effluent treatment while strengthening water monitoring and local service management. It is expected to benefit nearly 400,000 households, promote a circular economy, create […]
Sucro and Santander Sugar launch US$20 million joint venture to build major Caribbean refinery in Belize
September 11, 2025
Sucro Ltd. and Santander Sugar Ltd. have formed a 50/50 joint venture, Caribbean Sugar Refinery Ltd. (CSR), to build a US$20 million sugar refinery at Santander’s mill complex in Belize, with operations expected to start in 2026. The project, supported by the government of Belize, aims to meet more than 75% of CARICOM’s refined sugar […]
Amazon opens first Caribbean distribution hub in Dominican Republic
September 11, 2025
Amazon has opened its first Caribbean distribution hub in the Dominican Republic, based at Las Américas International Airport in Santo Domingo, to strengthen regional e-commerce logistics. The hub operates seven weekly cargo flights from Miami and leverages the country’s ports and new e-commerce terminal to process an additional 4 million packages annually. Positioned as Amazon’s […]
UAL launches 9-day Caribbean shuttle service linking Trinidad, Guyana, and Suriname
August 28, 2025
UAL has launched the Caribbean Shuttle, a fixed 9-day loop service connecting Point Lisas (Trinidad & Tobago), Georgetown (Guyana), and Paramaribo (Suriname), to meet rising demand for reliable shipping in the Southern Caribbean. Source: UAL Alliance
Guyana installs 4.8 MW of residential photovoltaic systems to expand renewable energy access
July 31, 2025
Guyana’s solar home photovoltaic system project has added 4.8 MW of installed capacity since its launch in July 2023. The initiative aims to expand access to renewable energy in inland and coastal communities not connected to the electricity grid. Source: PV Magazine LATAM
Saint Lucia Electricity Services plans 10 MW solar project with battery energy storage
July 31, 2025
Saint Lucia Electricity Services (LUCELEC) plans to tender a 10 MW solar project with battery energy storage later this year. The project, which will be the island’s second industrial-scale solar initiative, includes 10 MW of solar power and an energy storage system with 13 MW capacity using two-hour lithium-ion batteries. Source: PV Magazine LATAM
New initiative aims to strengthen Caribbean energy resilience against extreme weather events
July 31, 2025
A new initiative aims to strengthen Caribbean energy resilience in the face of increasingly severe weather events. The Inter-American Development Bank (IDB) estimates that upgrading the Caribbean’s power systems could generate US$4.3 billion in benefits over the next 20 years by reducing recovery costs after extreme weather. To address the challenges of funding, technology, and […]
Puerto Rico’s grid operator uses tens of thousands of batteries to address energy shortfalls and power three million residents
July 31, 2025
Puerto Rico’s grid operator has successfully used tens of thousands of batteries across the island to address energy shortfalls and supply power to about three million residents. What began as a pilot program in 2023 has evolved into the first operational behind-the-meter virtual power plant in Latin America and the Caribbean, providing crucial support for […]
Caribbean Development Bank launches US$4.36 million grant facility to support climate-smart, gender-responsive, and agriculture-focused development
July 31, 2025
The Caribbean Development Bank (CDB) is launching a US$4.36 million Grant Facility, financed by the Agence Française de Développement (AFD), to support climate-smart, gender-responsive, and agriculture-focused development projects in its Borrowing Member Countries (BMCs). This initiative aims to overcome technical and financial challenges that hinder key projects, while fostering targeted investments. It is part of […]