Caribbean Infrastructure - Page 10 of 18

IDB approves $60 million credit line to boost blue economy in the Bahamas
April 14, 2024
The Inter-American Development Bank (IDB) proposed a US$60 million Conditional Credit Line for Investment Projects aimed at promoting sustainable development in The Bahamas. This initiative targets the growth of micro, small, and medium-sized enterprises (MSMEs) within the country’s blue economy sector. Source: IDB
Puntacana Group partners with Eurelius for solar energy project in Punta Cana
March 14, 2024
The Puntacana Group and Eurelius have signed an agreement to implement a solar energy generation project in Punta Cana, Dominican Republic. This project will generate over 50% of the energy consumed in the community, with plans for more than 30 MWp of solar production and over 50 MWh of battery storage. Source: PV Magazine LATAM
Antigua and Barbuda inaugurate hybrid solar plant
March 14, 2024
A new solar and battery project in Antigua and Barbuda, funded by the UAE-Caribbean Renewable Energy Fund, is now operational. The design includes solar panels and batteries that can withstand hurricanes and supply all daytime energy needs. PV Magazine LATAM
IDB Lab invests in electric vehicle start-up, GoElectricTT, in Trinidad and Tobago
February 29, 2024
IDB Lab, the innovation arm of the IDB Group, will invest in startup GoElectricTT to introduce electric vehicles in Trinidad and Tobago. Source: IADB
Caribbean Energy Chamber launched to address energy challenges in the region
February 29, 2024
The Caribbean Energy Chamber Inc. (CEC) has been launched with the aim of addressing the energy challenges in the Caribbean and prioritizing affordable net-zero energy security. CEC will serve as a non-profit, non-partisan hub to unite energy stakeholders from both public and private sectors. With headquarters in Saint Lucia, CEC will focus on critical areas […]
IDB supports Barbados’ sustainable development goals with US$100 million loan
February 15, 2024
The Inter-American Development Bank has approved a US$100 million loan for Barbados to advance its sustainable development goals by modernizing policies and regulations. Source: IADB
Enhancing climate resilience in Antigua and Barbuda
February 15, 2024
The Commonwealth Secretariat, in collaboration with the Government of Antigua and Barbuda, is moving ahead with efforts to enhance climate resilience among small and medium-sized businesses (SMEs) in the agriculture sector by facilitating improved access to funding. Source: Times Caribbean Online
IDB Invest and JPS sign US$100 million deal to upgrade Jamaica’s power infrastructure
February 15, 2024
IDB Invest and Jamaica Public Service Company Limited (JPS) have signed a US$100 million financing deal aimed at bolstering JPS’ capital investment program. This funding will aid in modernizing Jamaica’s electricity grid and enhancing electricity access across the country. CIBC Caribbean joined as a co-arranger, mobilizing an additional US$50 million for the initiative. Source: IDB […]
Construction starts on the first major solar-plus-storage project in the Dominican Republic
January 4, 2024
The Dominican Republic’s CNE began construction on the first major solar-plus-storage project in the country, which includes a 24.8MW battery energy storage system (BESS). Source: Energy Storage News