Caribbean Infrastructure - Page 11 of 19

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
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