Businesses with projects concerning the ocean environment and marine management may receive up to USD 2 million in finding through a new initiative launched by the Inter-American Development Bank (IDB) in partnership with Compete Caribbean. The Blue Tech Challenge is an opportunity for firms using cutting-edge technology to contribute to sustainable management of marine resources. […]
MAN Energy Solutions has won a contract to set up a combined-heat-and-power plant in Honduras for Progressive Energy, the energy arm of the ElcaTex Group. The role of engineering, procurement and construction for the project will be led by MAN Energy Solutions, and they will also be responsible for construction of the entire plant. Whilst […]
The Caribbean Development Bank (CDB) has announced it would provide USD 106.5 million to the Bahamas as part of a programme to achieve its medium-term development objectives. Dr. Justin Ram, Director of Economics at the CDB, announced the areas of focus, considered “critical to inclusive growth”, will be “provision of quality climate resilient infrastructure, energy […]
The Organisation of Eastern Caribbean States organised a Business Green Innovation Bootcamp in St. Lucia for thirty female entrepreneurs from the Caribbean. The aim of the workshop was to hone the skills necessary to develop and launch an environmentally sustainable business, and to engage women and talented innovators in the building of a clean resilient […]
Last week Prime Minister Andrew Holness made headlines when he declared a new national renewable energy goal of 50% by 2030. This increase from the previous target of 30% was announced during the launch ceremony for the installation of solar panels on the Prime Minister’s offices in Kingston, a symbolic energy project which many hope […]
The Geothermal Development Facility (GDF) for Latin America has awarded USD 15 million to support surface studies and exploratory drilling for seven geothermal projects in Chile, Peru, Nicaragua and Guatemala. It is expected that the funding will catalyse a further USD 1.84 billion in future investment into geothermal development in the Latin American region. The […]
A group of Belizean Parliamentarians is visiting Westminster, the seat of the UK Parliament, this month of October. Discussions centred around strengthening the bilateral relationship between the two nations’ Parliaments, especially on areas of shared interest such as energy security and climate change. The Belize delegation is comprised of Laura Tucker Longsworth, Speaker of the […]
The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with BNDES, Brazilian Development Bank, to set up a credit line totalling up to USD 1 billion for environment-related project focusing on clean energy in Brazil. The financing, which establishes the fifth credit line from JBIC to BNDES, is part of JBIC’s renewable […]
Nineteen new projects supporting climate action in developing countries were approved for financing at the 21st meeting of the Green Climate Fund (GCF) Board, and will receive a total of USD 1.048 million. The GCF board also launched the Fund’s first formal replenishment, a key moment in the development of what is now the world’s […]