U.S. allocates $2 million to spur investment in Caribbean energy sector

October 2, 2018

The United States Department of State spokesperson, Ms.Heather Nauert, announced that $2 million had been committed to the Caribbean Energy Security Initiative with the aim of fostering investment in the private sector. The initiative will identify projects where U.S. investment can spur further private sector investment “throughout the Caribbean energy sector”, she said in a […]

Panama has potential to become LNG hub for Central American region

October 2, 2018

Panama recently started importing liquefied natural gas (LNG). The country already plays an important role in international trade and business, and energy import-export operations. This position has been steadily increasing since the expansion of the canal in 2016. The first LNG facility in Central America is the Costa Norte terminal, a joint venture by AES […]

IDB launches Blue Tech Challenge with up to US$2M in funding for Blue Economy proposals

October 1, 2018

The IDB through its Multilateral Investment Fund (MIF), Natural Capital Lab, Sustainable Islands Platform, and in alliance with the Compete Caribbean Partnership Facility , which is also supported by DFID, CDB and the Government of Canada, will identify firms and organizations looking to pilot and scale up business models that use cutting edge technologies to […]

UAE-Caribbean Renewable Energy Fund to provide $34.5 million in grants

October 1, 2018

Dr. Thani bin Ahmed Al-Zeyoudi, UAE’s Minister of Climate Change and Environment confirmed the UAE will be providing $34.5 million in funding for renewable energy projects in the Caribbean located for enhanced resilience, and with technologies designed to withstand Category-5 hurricanes. This new funding is an addition to the $15 million in projects announced last […]

BarberWind Turbines launches new weather resilient design

October 1, 2018

The innovative wind technology company BarberWind Turbines announced the launch of its BTW 800kW in Grand Cayman, at the Caribbean Transitional Energy Conference. The turbine is designed to provide electricity to the distributed generation market, and is “especially interesting to Caribbean island nations”, said the company’s press release, due to its built-in lifting system and […]