Caribbean Clean Energy - Page 7 of 17

Bahamas invites global firms to participate in the bidding process for the Family Island New Energy Generation project
December 21, 2023
The Davis administration in the Bahamas is inviting firms to participate in the request for proposal (RFP) bidding process for the Family Island New Energy Generation project. The initiative aims to provide Family Islanders with improved and more affordable electricity through micro-grids, clean fuel, and renewables. Source: The Nassau Guardian
The World Bank invests US$225 million into new project in the Dominican Republic
December 21, 2023
The World Bank has approved a new project in the Dominican Republic aimed at enhancing the electricity sector and reducing high distribution losses. With a $225 million investment, the project will support distribution companies in minimizing significant losses through the rehabilitation of the distribution network, technology upgrades, and the reduction of electricity outages. Source: The […]
The government of Barbados recruits IFC as the lead transaction adviser for its first utility-scale onshore wind farm project
December 7, 2023
The government of Barbados has chosen the International Finance Corporation (IFC) as the lead transaction adviser for its first utility-scale onshore wind farm project. The wind farm, named the Lamberts project, is projected to have a capacity of 30-50 MW and will be situated in the northeastern part of the island. The partnership agreement between […]
Leclanche secures a 25-year PPA in Saint Kitts and Nevis to develop the largest solar-plus-storage complex in the Caribbean
December 7, 2023
Leclanche has secured a 25-year power purchase agreement (PPA) for a 35.7 MW solar park with an integrated battery in Saint Kitts and Nevis. Located in the capital, the project is set to become the largest solar-plus-storage complex in the Caribbean. Source: Renewables Now
Dominica and Ormat sign agreement for the development of a geothermal plant on the island
December 7, 2023
Dominica entered into an agreement with Ormat and its subsidiaries to develop a 10 MW geothermal plant on the island. Ormat is set to finance the construction, operation, and maintenance of the power plant and geothermal wells for 25 years, while the Dominica government retains ownership of invested wells, lands, and assets. Source: Radio Jamaica […]
JPS puts out tenders for three renewable energy plants totaling 300 MW
December 7, 2023
In an effort to add 300 MW of renewable energy to the national electricity grid, JPS put out tenders seeking engineering and construction proposals for three plants: a 115 MW solar PV plant; a 171.5 MW BESS, or battery energy storage system; and a 12 MW onshore wind plant – totalling 298.5 MW of new […]
ANSA McAL Limited and Kenesjay Green Limited signa MOU at COP28 in Dubai to advance green energy production in the Caribbean
December 7, 2023
ANSA McAL Limited and Kenesjay Green Limited signed a Memorandum of Understanding (MOU) at COP28 in Dubai, which aims to expedite the development of new and commercially viable green energy projects in the Caribbean region. Source: Guardian
IDB Invest offers a US$368 million loan package to AES Dominicana Renewable Energy SA to develop renewable energy projects in the Dominican Republic
November 26, 2023
IDB Invest arranged a US$368m loan facility for AES Dominicana Renewable Energy SA to finance the development of new renewable energy projects in the Dominican Republic, and to refinance existing projects. According to IDB Invest, the transaction is the largest financing for renewable energy projects for a Caribbean economy. Source: Renewables Now
Barbados plans to raise around US$295 million in debt-for-climate deal
November 26, 2023
Barbados will receive around US$295 million from the sale of sustainability-linked debt in a debt-for-climate deal with the European Investment Bank (EIB) and the Inter-American Development Bank (IDB). The EIB is set to provide US$150 million and the IDB will provide the rest. Source: Latin Finance