Caribbean Clean Energy - Page 6 of 17

IDB and JICA agree additional US$1bn for Cooperation for Economic Recovery and Social Inclusion (CORE) program
February 15, 2024
The Inter-American Development Bank Group (IDB Group) and the Japan International Cooperation Agency (JICA) have decided to boost co-financing under the Cooperation for Economic Recovery and Social Inclusion (CORE) program, benefiting Caribbean countries. The US$1 billion increase will expand the programme’s funding to US$4 billion and extends its period until December 2028. Source: Jamaica Gleaner
IDB Invest and JPS sign US$100 million deal to upgrade Jamaica’s power infrastructure
February 15, 2024
IDB Invest and Jamaica Public Service Company Limited (JPS) have signed a US$100 million financing deal aimed at bolstering JPS’ capital investment program. This funding will aid in modernizing Jamaica’s electricity grid and enhancing electricity access across the country. CIBC Caribbean joined as a co-arranger, mobilizing an additional US$50 million for the initiative. Source: IDB […]
Dominican Republic launches bid for 22 MW solar park
February 1, 2024
Dominican Republic state hydroelectric company, Egehid began the bidding process to develop a US$17 million solar project in San Juan. The call is for engineering, procurement, and development of a 22 MW solar park. They also launched new wind project tenders. Applications are due mid-March. Source: BNAmericas
The Dominican Republic inaugurates 97 MW of solar from two plants
January 19, 2024
The Dominican Republic started operation at two solar plants that total a capacity of 97 MW. The developer, Ecoener, plans to have five PV parks in the DR by the end of 2024. Source: Renews.biz
CAF approves US$25 million investment in BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy
January 19, 2024
CAF has approved a US$25 million investment in BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy. TIG, a subsidiary of BTG Pactual, is among the largest and oldest timberland investment managers globally, overseeing $6.2 billion in assets across 1 million hectares in the U.S. and Latin America. Source: CAF
Jamaica’s GPE extends bidding window for 100 MW from renewables
January 4, 2024
Jamaica’s Generation Procurement Entity (GPE) extended the bidding window for 100 MW of renewable energy through to April 1. Source: BNAmericas
Construction starts on the first major solar-plus-storage project in the Dominican Republic
January 4, 2024
The Dominican Republic’s CNE began construction on the first major solar-plus-storage project in the country, which includes a 24.8MW battery energy storage system (BESS). Source: Energy Storage News
MPC Caribbean Clean Energy Limited closes financing agreement for solar plant project in the Dominican Republic
January 4, 2024
MPC Caribbean Clean Energy Limited closed the financing of Phase II of its 42 MW solar PV plant in the DR, now underway. Source: Jamaica Observer
US technology giant, Honeywell, is set to supply battery energy storage systems (BESS) to six solar farms in US Virgin Islands
December 21, 2023
Honeywell International Inc was selected to provide battery energy storage systems (BESS) to a 140MW DC portfolio of six solar farms located in the US Virgin Islands. Source: Renewables Now