Regulators in Barbados ordered a 50 MW BESS pilot in an effort to reach its ambitious goal of becoming 100% renewable energy and carbon neutral economy by 2030. Source: Energy Storage
CAF has joined the Barbados Coalition for Resilient Infrastructure to support Barbados’ transition, a group of international organizations and governments that are working together to support Barbados’ transition to a more resilient and sustainable economy. CAF’s participation will focus on supporting the development of a new Blue Green Bank, helping to improve the country’s disaster […]
Pavana Energy announced the development of their first operational wind farm in Barbados. The project is expected to produce 2.5 Gwh of energy annually. Source: Pavana Energy
The World Bank approves US$110 million in financing for Barbados to support its low-carbon economic development and climate resilience. The loan has two main pillars, the first focusing on green and blue resilient development, including water reuse, adoption of climate change and agriculture policy, and the establishment of an Environmental Sustainability Fund, among other items. […]
Barbados is the first nation in the Caribbean that will receive money from the US$45 billion IMF Resilience Trust. They will receive US$183 million for climate-focused spending. Source: ProPublica
In what Prime Minister Mia Mottley has described as a game-changing transaction, Barbados has announced a $150m debt-for-nature swap. Managed by Credit Suisse and CIBC FirstCaribbean, the deal will free up about US$50 million in the next 15 years by buying back a portion of its US$531 million bond due in 2029. They are replacing […]
The Ministry of Energy in Barbados announced the creation of a national energy storage policy. Part of the policy includes mandatory storage systems for larger renewable energy supplies. Source: Barbados Today
Sol Ecolution, the renewable energy and low-carbon unit of Caribbean group Sol Petroleum and the Barbados based firm, Blue Circle Energy, signed an MoU for the joint promotion of around 30 MW community solar projects in Barbados. Source: Sol Petroleum
The Barbados Workers’ Union, Barbados National Oil Company Limited, and Emera Caribbean signed an MoU to begin constructing a US$25 million, 10 MW solar plant at Mangrove, St. Philip, within a year. Source: GIS Barbados
