How is Covid-19 re-shaping the need for infrastructure investment in the Caribbean, and our ability to finance it? Watch a complimentary webinar held on Thursday, May 14th with leading figures from the regional and international infrastructure community who answer these questions and more. To watch this complimentary webinar, click here. Webinar topics include: What do […]
As Covid-19 continues to impact livelihoods and economies, what are the implications for the clean energy market in the Caribbean? How can we personally rise to the challenges and maintain our own self-resilience in these unprecedented times? We gathered an all-female webinar panel of Caribbean energy leaders to hear how they are navigating Covid-19 related […]
With over $270 million to be allocated to capital works expenditure, Barbados Senator Crystal Drakes is urging government to use some of these funds to push job creation in the renewable energy sector. “If you want to engage in an exercise where you have job creation, you need to take some of the $274 million […]
US contractor McDermott International’s storage business, CB&I Storage Solutions, has secured a sizeable contract to build four liquefied petroleum gas (LPG) spheres for a Caribbean energy infrastructure project. Under the work scope of the contract, McDermott’s storage business will perform engineering, procurement, fabrication and construction services for four LPG spheres, each measuring about 88ft in […]
Bolivia’s state power company Ende has suspended its consultancy procurement call for the 100 MW Laguna Colorada geothermal project, due to ongoing quarantine due to the coronavirus crisis, which runs through May 10. Expressions of interest for the consultancy contract, which includes preparing bidding documents to select contractors, were due by May 18. Source
Financing countries’ climate and sustainable development commitments will require global investment on an “unprecedented scale”, the report stated. IFC estimates cumulative climate investment potential of $29.4tn in emerging market cities through 2030. Sustainable finance policies and products, like debt capital instruments, are already helping to plug this gap, by financing projects with environmental and social […]
A landmark power purchase agreement for Puerto Rico’s sizable Montalva solar project will be signed within days, according to Canadian developer, Greenbriar Capital Corp. The Puerto Rico Electric Power Authority (PREPA) informed its Governing Board on April 30 that it has attained substantial progress on 7 of the 19 remaining amended and restated renewable energy […]
The Trump administration is holding onto approximately US$43 billion in low-interest loans for clean energy projects, as Congress considers more financial relief in response to Covid-19. With a projected budget deficit nearing $4 trillion, the loans — previously authorized by Congress — could fund projects that stimulate a troubled economy. Eligible sectors include renewable power, […]
Covid-19 has not stalled the Caribbean’s largest solar project. Greenbriar Capital recently signed an agreement with China Machinery Engineering Corporation (CMEC) for design and construction of its massive Montalva solar project in Puerto Rico. Planned for the island’s southwest coast, Montalva would launch with 80 MW AC of photovoltaic and the capacity to expand up […]