Solar-plus-storage project in Guyana to be funded by Norway

June 11, 2019

A 30MW solar-plus-storage in Guyana will be funded by Norway’s Ministry of Climate. Norway will finance the project with USD 77 million. This financing is the result of discussions undertaken last year by the Norwegian and Guyanese governments to support Guyana’s climate action initiatives. This agreement has allowed Guyana to access close to USD 129 […]

Commercial coral farm for more resilient reefs opens in The Bahamas

June 11, 2019

The world’s first land-based commercial coral farm, which supports more resilient reef restoration, was opened in Grand Bahama. Projects like these are essential for the restoration of healthy oceans, and the development of sustainable Blue Economies. This project was spearheaded by Gator Halpern, Young Champion of the Earth for Latin America and the Caribbean and […]

Microgrids in Puerto Rico to double by 2024

June 7, 2019

A report by Wood Mackenzie estimates that the accumulated investments in Puerto Rico’s microgrid market, which could allow over 220MW of installed capacity in the next five years, will reach USD 419 million. Companies are currently competing for the development of multiple clean energy and microgrid projects on the island. These trends indicate that the […]

El Salvador’s electric utility to invest in more renewables

June 6, 2019

After a pilot scheme and evaluation of different renewable technologies, El Salvador’s state electric utility, Grupo CEL, has decided to start developing its own renewable energy projects. The public company’s next projects include a 46MW wind energy project, and various solar PV plants. The company had first piloted a 24kW solar PV plant last year. […]

Caribbean tourism conference will focus on climate risk and sustainability

June 5, 2019

The Caribbean Sustainable Tourism Development Conference, hosted in St. Vincent and the Grenadines, aims to provide a platform to discuss some of the most pressing issues affecting tourism in the region. A main focus of the conference will be climate risk and resilience. The ‘Keeping the Right Balance: Tourism Development in an Era of Diversification’ […]

Canadian firm acquires Bermuda’s electric utility

June 5, 2019

Algonquin Power & Utilities, a Canadian utilities group and renewables developer, will acquire Ascendant Group Limited, Bermuda’s electric utility’s parent company. Belco is Bermuda’s primary electric utility. This acquisition aims to modernise the island’s electricity infrastructure to prepare its grid for the challenges of the 21st century, namely climate change. The company will integrate more […]

Undersea cables to provide clean and reliable electricity to Caribbean island

June 5, 2019

Caye Caulker island will be connected to Belize’s national electricity grid using submarine cables. This system will be allow the island to have access to stable electricity from renewable sources. The project will be financed by the Caribbean Development Bank through a USD 6.8 million loan, which was approved yesterday by the CDB’s Board of […]

Jamaica’s commitment to its Blue Economy continues to grow

June 4, 2019

Caribbean Development Bank officials have described Jamaica’s Junior Market as a model for financing Blue Economy. Jamaica’s Junior Stock Exchange, said Dr. Justin Ram, Director of Economics at the CDB, is a “blueprint” for countries in the Caribbean wishing to support their blue economy by raising capital through the stock market. A blended finance approach, […]

50MW geothermal project in Chile expected in 2024

June 4, 2019

The geothermal project ‘Mariposa’ in Chile’s Maule region is expected to enter into service in 2024. Energy output from the geothermal plant will be incorporated into the national grid. The 50MW project is a joint venture led by the Energy Development Corporation and Alterra, two established companies in the renewable energy field. A further 50MW […]