An agreement signed between Barbados and the European Union is part of a plan to cement relations between the Caribbean and the Union. The EU will invest US$9.1 million to develop the local energy sector under the Barbados National Indicative Programme (NIP). Disbursed under the 11th European Development Fund (EDF), the investment will support the […]
The organizers of GEOLAC are pleased to announce that CABEI and CAF will launch their new Geothermal Bridge and Investment Financing Programs at GEOLAC 2015. In close partnership with Munich Re, the Programs seek to provide tailored debt financing for both the capacity drilling as well as plant construction phases of the geothermal development cycle. The programs […]
Grupo Dragon will be the first private company to take advantage of geothermal resources in Mexico, said CEO of Dragon, José Pablo Fernandez. The concession agreement is for a project located in San Pedro Lagunillas, Nayarit, where, in the first phase 25 MW will be generated by next summer. Another 25 MW will be added […]
The Jamaican government and HERO BX, one of the largest producers of biodiesel in the US, are considering a partnership to develop the first commercial-scale biodiesel plant in Jamaica and the Caribbean. According to Minister of Industry, Investment and Commerce Anthony Hylton, the project aims to “improve the business environment, facilitate economic growth and create […]
The Grand Bahama Power Company (GBPC) hopes to help residents of the Bahamas take advantage of solar energy once generation technology is introduced to the energy mix in 2016. The Renewable Energy Rider rate (RER) will allow GBPC customers the opportunity to sell energy back to the grid, from residential solar PV, wind turbines and other […]
As part of the initial stage development regarding the potential for a geothermal well, the Montserrat government will hold a public information meeting on Thursday November 5th. The meeting will convene to provide details on the process of undertaking an Environmental Impact Assessment (EIA) and a team of consultants, led by Dr. Erwin Edwards of […]
Diversification of industry is a part of Cuba’s plans for the future, which includes a more robust private sector and opportunities for foreign investment. Foreign Trade Minister, Rodrigo Malmierca, unveiled ready-made investment opportunities, officially called “the portfolio”, at the 33rd annual Havana International Fair (FIHAV) and explained that: [the] “private sector, cooperatives, and other forms […]
According to World Watch Institute’s newly released Caribbean Sustainable Energy Roadmap and Strategy (C-SERMS) Baseline Assessment and Report, most CARICOM member states possess untapped geothermal resources, which could dramatically change the region by making member states renewable energy exporters. The report assesses the regional energy situation and makes suggestions for renewable energy, energy efficiency, and […]
The Caribbean Energy Efficiency Lighting Project (CEELP) supports government partners in the transition to energy efficient (EE) lighting in Barbados and throughout the Eastern Caribbean. A recent training focused on project development software that will assist users in evaluating the potential outcomes of proposed projects as well as aid in determining the best intervention strategies (projects) to […]