Caribbean Clean Energy

Abu Dhabi Fund to start 2021 with project allocations worth $169 million, earmarks $50 million for Caribbean

January 25, 2021

Abu Dhabi Fund for Development, one of the UAE’s leading financial entities, continued to advance its sustainable development agenda within the country and abroad through clean-energy initiatives. In 2021, approximately $50 million is earmarked with an aim to deliver renewable energy projects across 16 Caribbean Island nations.   Source

2020 Island Resilience Action Challenge: Uniting to define resilience in the face of climate and health threats

January 20, 2021

By: Kimberly Lewis, Lead Fellow, Advanced Energy Group At the tail end of a notably unprecedented and challenging year, Advanced Energy Group (AEG) and New Energy Events (NEE) virtually hosted the Island Resilience Challenge (IRAC). IRAC is a one-of-a-kind annual workshop focused on identifying key barriers to grid resiliency in the Caribbean and determining actionable […]

Puerto Rico awaits first procurements to add 3.75 GW solar, 1.5 GW storage

January 20, 2021

The Puerto Rico Energy Bureau ordered the utility PREPA to issue six procurements in the next 30 months, totaling 3.75 GW of solar and 1.5 GW of four-hour storage, or their equivalents.   Source

France’s island territories get solar-plus-storage at average price below €100/MWh in latest auction

January 14, 2021

The cost of solar energy paired with battery storage on France’s island territories has fallen yet again, as the European country awarded contracts to winning bidders in its latest tender process.   Source

InterEnergy acquires 34-MW wind farm plus pipeline in Dominican Republic

January 12, 2021

Energy solutions provider InterEnergy Group announced the acquisition of the 34-MW Matafongo onshore wind farm plus an under-development project pipeline in the Dominican Republic.   Source

Utility to operate as private company despite Grenada owning majority shares

January 7, 2021

  Grenada’s Finance Minister Gregory Bowen says the light and power company in that Caribbean country, Grenlec, will continue to operate as a private company under the Companies Act, although the government has repurchased the majority shares owned by WRB Enterprises since 1994.   Source

WRB/GPP reach settlement with Government of Grenada, transfer Grenlec shares

December 29, 2020

WRB Enterprises (WRB) and Grenada Private Power Limited (GPP) announced it had executed a Settlement Agreement with the Government of Grenada agreeing to transfer their majority stake in Grenlec to the Grenadian government in exchange for the payment of USD $63 million, thereby making the Government of Grenada the majority shareholder of Grenlec.   Source

National electricity loss reduction plan consultancy in Jamaica

December 21, 2020

The Inter-American Development Bank has published a call for proposal for a project in Jamaica to support the recovery of the energy sector from the COVID-19 pandemic.   Source

Dominican Republic authorizes studies for 200MW solar project

December 21, 2020

The Dominican Republic’s national energy commission, CNE,  has greenlighted studies for a large-scale solar park in San Pedro de Macorís province. Source