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 […]
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 […]
By Virginia Snyder, Energy Specialist, Inter-American Development Bank As the global power sector becomes cleaner and more technologically advanced, there is one critical area which lags: diversity and gender equality. Globally, women represent only 20 percent of the energy sector workforce. Across Latin America and the Caribbean, women account for only 17 percent of senior […]
Neoen, one of Europe’s largest renewable energy developers, announced its plans for a €450 million IPO, to expand its 2GW portfolio of clean assets to 5GW by the end of 2021. Its current activity is in wind, solar, and energy storage projects.. Neoen is developing the 37 MW solar project in Jamaica, currently in construction […]
Eleven companies from Puerto Rico, representing sectors from asset management and executive protection, to food and beverage, and refrigeration services, visited Trinidad and Tobago this week as part of a trade mission. As the Caribbean Basin Initiative, which governs the trade arrangements between the U.S. and CARICOM, expires at the end of this year, the […]
The European Commission has just approved the budget for the 11th European Development Fund (EDF) Caribbean Regional Programme. The programme will focus on sustainable energy, marine biodiversity, and enhancing resilience to extreme recurrent natural events. This funding aims to promote environmentally sustainable economic development in the region and build a more unified resilient Caribbean. The […]
The Barbados government showed further commitment to their goal of being a 100% green and carbon neutral island by 2030 by taking tangible steps to promote sustainable energy practices within the public sector, as announced by Wilfred Abrahams, Minister of Energy and Water Resources. The announcement was made at the installation of the first solar […]
The Bucati & Tara resort was just certified carbon neutral, the first in the Caribbean to receive the distinction. The company reduced their greenhouse gas emissions, and offset remaining emissions with carbon credits through its Vader Piet wind farm. Other sustainable practices include offering reusable water canteens to guests, reducing food waste, and providing energy […]
The ocean plays a role in the livelihood of approximately 40 percent of the world’s coastal populations, and makes a significant contribution to economic growth. However, most countries in the Caribbean region have yet to fully leverage the Blue Economy as a driver of growth, shows a study released recently by the Caribbean Development Bank […]