The Caribbean Development Bank is looking to develop infrastructures in the region, such as ports, roadways, farms, storage, warehousing, and standards, with an integrated logistics and transportation system that can provide for the seamless movement of goods and services. Source: Caribbean National Weekly
Nordex received a turbine order for 63 wind turbines with a total capacity of 370 MW from energy company Celsia for three wind farms in Colombia. The order also includes a five-year maintenance agreement. Source: Renews Biz
Montserrat broke ground on the US$46 million Montserrat Port Development Project, financed with a US$36 million in grant funding by the UK aid through the United Kingdom Caribbean Infrastructure Fund (UKCIF), administered by the Caribbean Development Bank, and US$9.2 million from the Montserrat government. The new port will increase accessibility and improve trade opportunities for […]
Dominica is strengthening their hurricane preparedness by constructing emergency shelters, training members in vulnerable communities, and creating awareness with educational classes on ways to safeguard against extreme weather. Source: Associate Times
According to the Inter-American Development Bank Latin America and the Caribbean could add US$78 billion annually in additional exports of goods and services by using nearshoring. Source: Breaking Belize News
GEM Digital Limited, a digital asset firm based in the Bahamas invested US$110 million in EcoWatt (EWT), a token backed by renewable energy and reforestation projects. Source: Coin Telegraph
A new study conducted by Juniper Research found that the number of hydrogen vehicles globally will increase from 60,000 in 2022 to over one million by 2027. Source: Renewable Energy Magazine
Mirova recently acquired a renewable energy projects finance company, SunFunder, and plans to launch a US$500 million solar energy debt financing fund to target about 70 projects in Africa, Asia, and Latin America. Source: Real Assets
The new Colombian president, Gustavo Petro committed to not granting new licenses for hydrocarbon exploration, and halted all pilot fracking projects, and the development of offshore fossil fuels. Source: Climate Change News