Despite high hopes for business development in Cuba, two major factors inhibit European banks from lending to the fledgling economy. The threat of sanctions from the U.S and Cuba’s “rock-bottom” debt rating give bankers in France, the UK, Germany and Switzerland pause, thus stalling big and small projects alike. The sanctions problem originates with a […]
The inaugural CARIF, a joint venture between CIBC FirstCaribbean, IJGlobal and New Energy Events to launch the definitive forum for the regional infrastructure market, features a world-class agenda comprising over 35 speakers. Highlights include: Deepak Bhatnagar BAHAMAS POWER AND LIGHT COMPANY (BPL) Executive Director, and Director on the Board of Nassau Airport Development Company (NAD) […]
Jamaica is cementing its position as a leader in the Caribbean renewable energy sector as it announces participation in the Solar Head of State coalition, which will see a 15kW grid-connected solar PV system at Jamaica House, home to the Office of the Prime Minister. “This project is symbolic of the renewable future we see […]
Chile plans to develop a 750 MW to 1 GW solar park to support the mining industry in the Atacama region. The new solar park, “Solar District” will need $4 billion of investment and create 3,000 jobs in the process. Plans for the solar park were announced at COP22 in Morocco by environment minister, Pablo […]
Opening its fifth funding round, IRENA and the Abu Dhabi Fund for Development further cements its commitment to renewable energy in developing regions, providing concessional loans for developing countries renewable energy projects. This funding round of $50 million is part of a larger $350m program to provide support to renewable energy projects endorsed by IRENA. The […]
Experts and leaders from the countries of Latin America headed to Marrakech, Morocco last week in search of clear rules to help them push forward on the goals designed at the COP21 conference in Paris last year. Three fields have been identified as key to transforming the region’s economies: technology, technical capabilities, and financing. Negotiators from […]
A large group of Brazilian investors and parliamentarians arrived in Saint Lucia on November 11th for a Mission to explore direct and joint investment opportunities in over 11 areas. The Mission, titled “Um Porto de Opportunidades” (A Port of Opportunities), is a cooperative effort between the Brazilian Embassy, Saint Lucia Government, Invest Saint Lucia (ISL) […]
National Energy Commission (CNE) director Juan Rodriguez Nina sees renewable energy growth in the Dominican Republic to leap to more than a quarter of the national energy matrix in 2018. Adding to the two large scale plants inaugurated this year – 30MW San Pedro Bioenergy Plant and 50MW Larimar Wind Farm – Rodriguez Nina anticipates another 50MW […]
The European Union has pledged over €70 to “improve the conditions of people within the Community of Latin America and Caribbean States (CELAC).” The funding is part of a €74 million sustainable development program in accordance with the “Transforming Our World: the 2030 agenda for Sustainable Development”; it intends to support a transition towards sustainable […]