Caribbean Clean Energy - Page 8 of 18

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
The US is investing US$440 million to install PV with storage in Puerto Rico
November 9, 2023
The United States Department of Energy (DOE) will invest US$440 million for the installation of residential solar and battery storage systems in up to 40,000 homes in Puerto Rico. Source: PV Magazine LATAM
The National Energy Commission (CNE) of the Dominican Republic reports significant growth in distributed generation
November 9, 2023
The National Energy Commission (CNE) of the Dominican Republic has reported significant growth in distributed generation through the Net Metering Program. In 2019, the country had 80 MW of distributed generation, which has now increased to over 320 MW in 2023. This distributed generation accounts for 2% of the country’s electricity supply. Source: PV Magazine […]
St. Vincent & Grenadines endorse the Bridgetown Initiative
September 28, 2023
St. Vincent & Grenadines endorsed the Bridgetown Initiative, which was created by Barbados Prime Minister, Mia Mottley, to transform the flow of climate finance to the Global South. Source: NBCSVG
The Dominican Republic has the potential to add 870 MW from pumped storage hydropower
September 14, 2023
According to a study done by Universidad Católica de Chile, the Dominican Republic could add 870 MW from pumped storage hydropower. Source: BNAmericas
Jamaica receives 42 expressions of interest in their call to procure 100 MW of renewable power
August 31, 2023
The Jamaican Government received 42 submissions from companies interested in their call to procure 100 MW of renewable power. Source: BN Americas