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 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 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 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 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 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 awarded Spanish group, TSK Electronica y Electricidad SA, with a contract to develop two solar plants totaling 180 MW. Source: Renewables Now
