Caribbean Infrastructure - Page 11 of 18

MPC Caribbean Clean Energy Limited closes financing agreement for solar plant project in the Dominican Republic
January 4, 2024
MPC Caribbean Clean Energy Limited closed the financing of Phase II of its 42 MW solar PV plant in the DR, now underway. Source: Jamaica Observer
US technology giant, Honeywell, is set to supply battery energy storage systems (BESS) to six solar farms in US Virgin Islands
December 21, 2023
Honeywell International Inc was selected to provide battery energy storage systems (BESS) to a 140MW DC portfolio of six solar farms located in the US Virgin Islands. Source: Renewables Now
The World Bank invests US$225 million into new project in the Dominican Republic
December 21, 2023
The World Bank has approved a new project in the Dominican Republic aimed at enhancing the electricity sector and reducing high distribution losses. With a $225 million investment, the project will support distribution companies in minimizing significant losses through the rehabilitation of the distribution network, technology upgrades, and the reduction of electricity outages. Source: The […]
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
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
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 […]
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