Caribbean Clean Energy - Page 16 of 17

Wigton Windfarm Limited acquires 21% stake in Flash Motors Company Limited
March 17, 2022
Wigton Windfarm Limited, the energy facility in Jamaica, acquired a 21% stake in Flash, a holding company registered in St. Lucia. The deal also grants them an equivalent share in Flash’s wholly-owned subsidiary Flash Motors Company Limited. Flash Motors plans to sell electric vehicles in Jamaica, Trinidad & Tobago, and Guyana. Source: Jamaica Gleaner
CAF announces shareholder approval for a capital increase of USD 7 billion
March 15, 2022
CAF Development Bank of Latin America announced the approval by shareholders for a capital increase of $7 billion, which will double the organization’s portfolio. The shareholders also approved the incorporation of the Dominican Republic and El Salvador as full members. Source: CAF
OfReg and CUC prepare for auction of renewable power projects in Cayman
March 8, 2022
Utility regulator, OfReg, is about to begin a series of auctions for renewable power projects. Caribbean Utilities Company (CUC), the national utility, plans to be heavily involved in the bidding and hopes to build as many as six solar farms on the island to cut carbon emissions and the cost of electricity. Cayman’s national target […]
Bermuda introduces 30 electric buses to the island
March 2, 2022
Bermuda received 30 new electric buses along with the installation of an Electric Bus Charging Facility at the Department of Public Transportation’s Fort Langton, Devonshire Facility. There will be temporary charging stations in place throughout the island as the country shifts towards an electric charging infrastructure. Source: Bernews
Barbados adds 14 electric buses to their fleet
February 26, 2022
The Barbados Transport Board received 14 additional electric buses, bringing the total to 49. The new additions comprise part of the initial $42 million deployed to procure electric buses and build out associated infrastructure. Barbados has the largest fleet of electric buses in the Caribbean. Source: Nation News
Dominica signs USD 12 million deal with Iceland Drilling Company for two new geothermal wells
February 26, 2022
Dominica signed a $12.5 million contract with the Iceland Drilling Company to drill two new geothermal wells in the country. The majority of funding comes from UK grants. Source: Think Geo Energy
Barbados Prime Minister proposes Regional Renewable Energy Fund
February 26, 2022
The Prime Minister of Barbados, Mia Mottley, proposed the establishment of a regional renewable energy fund to finance the transition towards net zero. Mottley called for at least 10% of net revenues from new energy exporters in the Caribbean region. Source: Stabroek News
Rubis Acquires 51% of HDF’s Hydrogen Power and Storage Project in Barbados
February 16, 2022
Rubis has acquired 51% of HDF’s hydrogen power and storage project in Barbados. Producing baseload power for 16,000 Barbadians from solar and locally produced green hydrogen, the project is the largest hydrogen power and storage project under development in the Caribbean. Source: Market Screener
The Caribbean Community Climate Change Centre Wins Energy Globe Award
February 15, 2022
The Caribbean Community Climate Change Centre (CCCCC) won the Energy Globe Award at the end of 2021 for its work in transforming the water sector in Barbados. Source: Caribbean National Weekly