The Organisation of Eastern Caribbean States (OECS) has established a Green-Blue Economy Strategy and Action Plan. This plan aims to encourage and build further strategies for sustainable development through economic growth, improved livelihoods and the protection of ecosystems. OECS and the Caribbean Natural Resources Institute (CANARI) signed a Memorandum of Understanding in June to work […]
The European Investment Bank (EIB) will provide €5m to two financial institutions in the Dominican Republic to finance energy efficiency and renewable energy projects. Banco de Ahorro y Credito Fondensa (Banfondensa) and Fondo para el Desarollo INC (Fondensa) will receive the loans to provide microfinance to small and medium businesses, and low and middle income […]
This week, Bermuda released its first Integrated Resource Plan (IRP). The IRP would lead to 85% renewables on the grid by 2035 – more than double the Electricity Policy target of 38% renewables. The IRP specifies renewable energy sources that could meet the future load, including solar PV, offshore wind, and biomass. Feasibility studies for […]
LaGeo has confirmed its commitment to increase the generation of electricity and energy from geothermal power in El Salvador. President of LaGeo, Lic. Mynor Gil, confirmed this during a visit to one of the company’s geothermal power plants. LaGeo will “to boost the production of the ‘white gold’ for the benefit of El Salvador development.” […]
The Dominican Republic is one of the Caribbean’s hottest clean energy markets. After years of slow growth, the utility-scale market is in an upswing, with successful financing and construction for a number of high profile wind and solar projects. The C&I market is taking off, too. The nationally mandated goal of 25% clean energy by […]
Costa Rica has received a loan from an international body to finance green projects through the issuance of green bonds. Costa Rica received a USD 35 million loan from the International Finance Corporation (IFC), a World Bank Group member. The loan was made to Davivienda, a subsidiary of the Colombian bank. Luc Grillet, Senior Manager […]
The 6th Geothermal Congress for Latin America and the Caribbean (GEOLAC) closed with a site visit to the Cerro Pabellón Geothermal Plant. Located 4,500 meters above sea level in the Atacama Desert, Cerro Pabellón is Chile’s only geothermal plant, and the highest in the world. The tour, led by Guido Cappetti, CEO of Geotérmica […]
A three-day workshop in Barbados discussed a potential new international agreement under the UN Convention on the Law of the Sea focusing on the protection of the high seas. At present, over 100 nations from different regions are negotiating a treaty to protect the marine biological diversity of areas beyond national jurisdiction. Addressing the representatives […]
A new floating Liquid Natural Gas (LNG) terminal off the coast of Jamaica has placed the country “on track” to meet its energy mix target of 50% of energy sources from renewables or cleaner fuels. The terminal was unveiled at a ceremony last week, attended by Jamaica’s Prime Minister Andrew Holness. “We are demonstrating that […]