Caribbean Clean Energy Archives - Page 7 of 48

IDB Invest considers equity investment in Caribbean community resilience fund
July 19, 2024
IDB Invest is considering an equity investment of up to US$5 million in the Caribbean Community Resilience Fund (CCRF), managed by Sygnus Capital Ltd. The fund targets US$100 million to US$135 million and aims to enhance economic resilience and support climate projects in the Caribbean. Source: IDB Invest
St. Kitts and Nevis launches ‘SKN-100’ project for rapid energy sector decarbonisation
July 19, 2024
St. Kitts and Nevis (SKN) has launched the ‘SKN-100’ project, funded by the Global Environment Facility (GEF), aimed at achieving 100% renewable electricity and high energy efficiency in public buildings within three years. Managed by the United Nations Environment Programme (UNEP) and executed by the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) in […]
Grenada forms task force to push for climate disaster compensation
July 19, 2024
Grenada is creating a task force to advocate for compensation for damage from climate change-related natural disasters affecting itself and other vulnerable states. Following Hurricane Beryl, Grenadian Prime Minister Dickon Mitchell announced that the government decided in an emergency meeting to have the Ministry of Foreign Affairs and the Ministry of Environment, Climate Resilience, and […]
Barbados plans to boost onshore wind power expansion
July 5, 2024
The Government of Barbados, with the support of the International Finance Corporation (IFC), is ramping up its climate change mitigation and energy diversification efforts by expanding its onshore wind power capacity. Source: Wind Insider
The Bahamas requires US$500 million to modernize the electrical grid
July 5, 2024
The Bahamas has identified a need of nearly US$500 million in capital expenditure to update the electrical grid. The government aims to address high power costs, frequent outages, and aging infrastructure, with some transformers and substations over 50 years old and close to collapse. Source: BNAmericas
Dominican Republic approves new solar projects with storage
July 5, 2024
The National Energy Commission (CNE) of the Dominican Republic granted a definitive concession for the 83.4 MW/101.6 MWp Ardavin Solar project, which includes an energy storage system. Source: Renewables Now
Guyana launches tender for utility-scale solar and battery storage projects
July 5, 2024
Guyana’s Public Utility (GPL) has initiated a tender for three utility-scale solar PV and battery storage projects, totaling 15 MWp of solar capacity and 22 MWh of storage. The tender, part of the Guyana Utility-Scale Solar Photovoltaic (GUYSOL) Programme, is funded through the Guyana-Norway Partnership Source: PV Magazine LATAM
Seabased to Develop 10 MW Wave Power Park in Barbados for Green Hydrogen R&D
June 19, 2024
Dublin based company, Seabased, has entered into an MoU with the Barbados Investment and Development Corporation (BIDC) to develop a wave power park in Barbados. Initially starting with a 2 MW pilot and expanding to at least 10 MW, this project supports Barbados’ efforts in advancing green hydrogen research and development. Source: Renewables Now
Soleco Energy Limited closes on investment deal with Rubis Caribbean Holdings
June 19, 2024
Soleco Energy Limited closes on an investment by Rubis Caribbean Holdings (RCH). The investment will fund new projects developed by Soleco and aid in expansion across the region. Source: OUR Today