Caribbean Clean Energy - Page 8 of 18

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
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 […]