Caribbean Clean Energy - Page 17 of 18

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
IFC Adds Eastern Caribbean Central Bank to its Sustainable Banking and Financing Network
February 15, 2022
The International Finance Corporation (IFC) added the Eastern Caribbean Central Bank (ECCB) as a new member of the IFC-facilitated Sustainable Banking and Finance Network (SBFN). The ECCB is the first organization in the SBFN from the English-speaking Caribbean. Source: Market Screener
Akuo Energy and GAM Capital To Develop 53-MW Matrisol Solar Project in the Dominican Republic
February 11, 2022
The Dominican Republic National Energy Commission (CNE) signed an agreement granting French power producer Akuo Energy and investment fund manager GAM Capital permission to develop the 53-MW Matrisol solar project. Financing will come from Banco Popular Dominicano. Matrisol also has a long-lasting power acquisition agreement (PPA) with Cerveceria Nacional Dominicana, which will help with funding […]
Dominica Discusses Energy Supply Agreements with Martinique
February 9, 2022
The Dominica Geothermal Development Company is finalizing the construction of a geothermal plant that will provide baseload power to the island. Meanwhile, the Government of Dominica discusses supplying geothermal energy to Martinique at what is described as a competitive price. Source: Think Geo Energy
The Puerto Rican Energy Bureau Approves 18 Photovoltaic Energy Projects
February 9, 2022
The Puerto Rican Energy Bureau approved the development of 18 photovoltaic energy storage and distribution projects on the island, with a total capacity of around 844.8 megawatts. Source: ES Noticia (ES)
U.S. Commits USD 12 Billion to Puerto Rico’s Energy Sector
February 2, 2022
The Biden Administration commits USD 12 billion in federal aid for Puerto Rico’s energy sector to strengthen the outdated electric grid. The US Departments of Energy, Homeland Security, and Housing and Urban Development will sign an agreement to ensure the alignment of federal investments with local policies – with all eyes on the goal of […]