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  • CDB announces USD 106m programme for Bahamas, funding opportunities for individual clean energy projects

    October 29, 2018

    The Caribbean Development Bank (CDB) has announced it would provide USD 106.5 million to the Bahamas as part of a programme to achieve its medium-term development objectives. Dr. Justin Ram, Director of Economics at the CDB, announced the areas of focus, considered “critical to inclusive growth”, will be “provision of quality climate resilient infrastructure, energy […]

  • OECS encourages Caribbean women in green innovation

    October 26, 2018

    The Organisation of Eastern Caribbean States organised a Business Green Innovation Bootcamp in St. Lucia for thirty female entrepreneurs from the Caribbean. The aim of the workshop was to hone the skills necessary to develop and launch an environmentally sustainable business, and to engage women and talented innovators in the building of a clean resilient […]

  • Geothermal Webinar

    Geothermal projects in LAC region receive USD 15m for exploration and drilling support

    October 25, 2018

    The Geothermal Development Facility (GDF) for Latin America has awarded USD 15 million to support surface studies and exploratory drilling for seven geothermal projects in Chile, Peru, Nicaragua and Guatemala. It is expected that the funding will catalyse a further USD 1.84 billion in future investment into geothermal development in the Latin American region. The […]

  • Belize parliamentarian delegation to Westminster, discuss energy security and climate change

    October 25, 2018

    A group of Belizean Parliamentarians is visiting Westminster, the seat of the UK Parliament, this month of October. Discussions centred around strengthening the bilateral relationship between the two nations’ Parliaments, especially on areas of shared interest such as energy security and climate change. The Belize delegation is comprised of Laura Tucker Longsworth, Speaker of the […]

  • Geothermal Plant

    New credit line to support renewable energy projects in Brazil

    October 24, 2018

    The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with BNDES, Brazilian Development Bank, to set up a credit line totalling up to USD 1 billion for environment-related project focusing on clean energy in Brazil. The financing, which establishes the fifth credit line from JBIC to BNDES, is part of JBIC’s renewable […]

  • USD 1bn from Green Climate Fund to support climate action projects

    October 24, 2018

    Nineteen new projects supporting climate action in developing countries were approved for financing at the 21st meeting of the Green Climate Fund (GCF) Board, and will receive a total of USD 1.048 million. The GCF board also launched the Fund’s first formal replenishment, a key moment in the development of what is now the world’s […]

  • Two bids handed in for geothermal project in Bolivia

    October 23, 2018

    Two bids have been received for the initial 5 MW development of the planned 100MW geothermal power plant at Bolivia’s Laguna Colorada. These bids are from two international consortia, Italian Exergy in cooperation with French EPC contractor Clemessy, and Spanish construction group Sacyr with Ormat Technologies. The geothermal project will generate electricity and be connected […]

  • Cuba to install first solar PV park with foreign investment

    October 23, 2018

    Mariel Solar S.A. will be starting installation of a 102 GWh per year solar park, Cuba’s first PV installation with 100% foreign capital. The park will be located in the Special Development Zone of Mariel, a commercial hub and port west of La Habana. It will comprise of over 300 000 panels on a zone […]

  • Geothermal power plant

    PPA and new shareholder agreement for St. Vincent geothermal project

    October 23, 2018

    Prime Minister Dr. Ralph Gonsalves announced that the Power Purchase Agreement (PPA) for St. Vincent’s geothermal project will be signed shortly. The agreement is between St. Vincent Electricity Services Limited, and Emera Inc. and Reykjavik Geothermal. An adapted shareholders agreement will also be signed, by which the government’s shareholding will increase to 49%, with 51% […]

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