An extraordinary roster of some of the most influential leaders defining the future of infrastructure investment in the Caribbean are confirmed to participate in CARIF. Among those confirmed are three Caribbean heads of state, Michael Lee-Chin of Portland Holdings, Stephen Beatty, global head of infrastructure for KPMG, and Laurie Mahon, Managing Director & Co-Head of […]
Jamaica’s healthcare infrastructure will be assessed over the next six months to ascertain improvements needed. The Minister of Health, Dr. the Hon. Christopher Tufton, said the assessment will determine what the needs are in terms of specialist care, additional beds and operating theatres, among other things. These improvements will benefit many facilities that will receive […]
On October 12, Florida-based private equity firm WRB Serra Partners successfully closed Fund I with committed capital of $46.5 million. The capital is sourced from a mix of family office and institutional investors, along with the Overseas Private Investment Corporation. WRB Serra Partners is an active investor in renewable energy, energy efficiency, and water infrastructure […]
Colombia inaugurated its pilot program for electric vehicles with an aim to introduce nearly half a million EV’s in the market over the next decade. The Ministry of Mines and Unidad de Planeación Minero Energetica (UPME) published the plan on October 19, called Programa Piloto de Vehículos Eléctricos para el Sector Oficial or, “Electric Vehicles […]
The World Bank announced recently that it would launch a region-wide forum focused on energy efficiency in Central America. América Central Eficiente, the first forum of its type, will gather senior government officials, large end-users of energy such as hotels and banks, and international providers of financing and technology to catalyze the adoption of programs […]
U.S. Virgin Islands Senator Janette Millin Young, in a release issued late Monday, said her office has been in communication with Tesla and its SolarCity subsidiary, to come up with temporary and perhaps long-term solutions to provide energy services to the U.S. Virgin Islands. Tesla is currently working with government officials in Puerto Rico on a plan to […]
The Board of Directors of the Caribbean Development Bank (CDB) has approved a US$350,000 grant to assist utilities and relevant stakeholders across the region to develop, plan and design energy storage and grid modernisation solutions, which could accelerate the Caribbean’s shift to clean energy. The technical assistance, provided through the Canadian Support to the Energy Sector […]
The Caribbean geothermal market has received an injection of EUR 12 million (14.1 million USD) from the European Union Caribbean Investment Facility (EU-CIF) to support geothermal exploration in the Eastern Caribbean. The EU-CIF will provide the EUR 12 million in grant funding to the Caribbean Development Bank via the GeoSmart Initiative. The GeoSmart Initiative was developed […]
Argentina’s ambitious project to secure 20% of its electricity from renewables continues to attract the attention of developers. In a recent auction for 550 MW, the country’s energy and mines ministry received bids for 3.8GW of wind capacity and more than 5GW of solar PV projects. The 228 offers, which are subject to a ceiling […]