Grenada opens first climate-smart fisher facility to boost resilience and sustainability

February 28, 2025

The Nature Conservancy (TNC), in partnership with Grenada’s government and international organizations, has inaugurated the island’s first Climate-Smart Fisher Facility in Soubise, St. Andrew. The facility integrates renewable energy, rainwater harvesting, and coastal protection measures to enhance the resilience of the local fishing community while mitigating climate change impacts. In addition to supporting fishers with […]

Bahamas signs US$200 million agreement with Afreximbank to boost infrastructure and trade

February 28, 2025

Bahamas Prime Minister Philip Davis signed a US$200 million framework agreement with Afreximbank which aims to develop climate-resilient and trade-enhancing infrastructure. The agreement is expected to support projects in road construction, energy, and economic development. Source: Tribune 242

EU and Hispasat partner to strengthen digital connectivity in the Caribbean

February 28, 2025

The European Union (EU) has signed a Memorandum of Understanding (MoU) with Hispasat to enhance broadband access and digital sovereignty in the Caribbean. The initiative aligns with the EU-LAC Digital Alliance and offers regional alternatives to external digital investments. Source: EUReporter

CAF and Barbados sign US$75 million agreement to boost heritage tourism and infrastructure

February 28, 2025

CAF and Barbados have signed a US$75 million agreement to enhance cultural heritage preservation, tourism, and infrastructure modernization under the Reclaiming Our Atlantic Destiny (ROAD) Program. The initiative aims to strengthen Barbados’ historical and cultural connections, supporting national development through heritage tourism. Source: CAF

IDB approves US$15 million loan to enhance water and energy sustainability on Rapa Nui

February 28, 2025

The Inter-American Development Bank (IDB) has approved a US$15 million loan to improve water and electricity sustainability on Rapa Nui (Easter Island), Chile. The program aims to enhance water efficiency, reduce fossil fuel reliance, and strengthen the local utility, SASIPA, benefiting over 3,800 customers and the island’s tourism-dependent economy. Given Rapa Nui’s remote location and […]

IDB Invest and JICA launch US$1 billion fund to boost sustainable investment in Latin America

February 28, 2025

IDB Invest and JICA have launched the US$1 billion TADAC Fund, JICA’s first private-sector fund with the IDB and its largest in Latin America and the Caribbean, to co-finance sustainable projects and catalyze private investment. The initiative aligns with IDB Invest’s “originate-to-share” model, which promotes collaboration to bridge the region’s financing gap. The fund may […]

EU, HDF, and Barbados launch green hydrogen-solar project for stable clean energy

February 28, 2025

The EU, Barbados, and HDF Energy have launched the Renewstable Barbados project, a green hydrogen storage initiative integrating solar power to ensure a stable and clean electricity supply. By combining intermittent solar generation with on-site hydrogen storage, the project addresses Barbados’ energy challenges and enhances grid resilience. Source: EC Europa

Ecuador unveils US$2.43 billion energy expansion plan with 1.47 GW of renewables

February 28, 2025

Ecuador has unveiled its 2025-2030 electric power expansion plan, targeting 1,471 MW of new hydro, solar, wind, and geothermal capacity, along with proposed nuclear energy investments. The US$2.43 billion initiative includes 23 projects in partnership with private companies, with solar energy leading at 963 MW and US$913 million in investment. Source: BNAmericas

RIC Energy develops 210 MW battery storage projects in Chile

February 28, 2025

Spanish renewable energy company RIC Energy is developing seven battery energy storage system (BESS) projects in Chile, totaling 210 MW with four-hour storage capacity. Two projects, Santa Remedios MC and Santa Amelia TU, have already secured access and connection permits, linking to substations in the Libertador General Bernardo O’Higgins region. Source: PV Magazine LATAM