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Caribbean Clean 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 […]

  • CDB Proposes “Financing Ecosystem” to Support its BMC Economies

    February 2, 2022

    The Caribbean Development Bank (CDB) considers launching a “financing ecosystem” to support its Borrowing Member Countries (BMCs) economies. The proposal includes SDR-funded resilience bonds for climate financing and other green bonds designed to meet specific Sustainable Development Goals (SDGs). Source: Market Screener

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