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Caribbean Infrastructure

  • Barbados Prime Minister defends decision to explore for oil and gas

    March 17, 2022

    Barbados Prime Minister Mia Mottley defended the decision to explore for oil and gas along their maritime border with Trinidad and Tobago. According to Mottley, describing it as an issue of equity, fossil fuels have the potential to finance Barbados’s bid for net zero. Source: Argus Media

  • OfReg and CUC prepare for auction of renewable power projects in Cayman

    March 8, 2022

    Utility regulator, OfReg, is about to begin a series of auctions for renewable power projects. Caribbean Utilities Company (CUC), the national utility, plans to be heavily involved in the bidding and hopes to build as many as six solar farms on the island to cut carbon emissions and the cost of electricity. Cayman’s national target […]

  • Barbados adds 14 electric buses to their fleet

    February 26, 2022

    The Barbados Transport Board received 14 additional electric buses, bringing the total to 49. The new additions comprise part of the initial $42 million deployed to procure electric buses and build out associated infrastructure. Barbados has the largest fleet of electric buses in the Caribbean. Source: Nation News

  • Dominica signs USD 12 million deal with Iceland Drilling Company for two new geothermal wells

    February 26, 2022

    Dominica signed a $12.5 million contract with the Iceland Drilling Company to drill two new geothermal wells in the country. The majority of funding comes from UK grants. Source: Think Geo Energy 

  • Barbados Prime Minister proposes Regional Renewable Energy Fund

    February 26, 2022

    The Prime Minister of Barbados, Mia Mottley, proposed the establishment of a regional renewable energy fund to finance the transition towards net zero. Mottley called for at least 10% of net revenues from new energy exporters in the Caribbean region. Source: Stabroek News

  • Rubis Acquires 51% of HDF’s Hydrogen Power and Storage Project in Barbados

    February 16, 2022

    Rubis has acquired 51% of HDF’s hydrogen power and storage project in Barbados. Producing baseload power for 16,000 Barbadians from solar and locally produced green hydrogen, the project is the largest hydrogen power and storage project under development in the Caribbean. Source: Market Screener

  • The Caribbean Community Climate Change Centre Wins Energy Globe Award

    February 15, 2022

    The Caribbean Community Climate Change Centre (CCCCC) won the Energy Globe Award at the end of 2021 for its work in transforming the water sector in Barbados. Source: Caribbean National Weekly

  • IFC Adds Eastern Caribbean Central Bank to its Sustainable Banking and Financing Network

    February 15, 2022

    The International Finance Corporation (IFC) added the Eastern Caribbean Central Bank (ECCB) as a new member of the IFC-facilitated Sustainable Banking and Finance Network (SBFN). The ECCB is the first organization in the SBFN from the English-speaking Caribbean. Source: Market Screener

  • Akuo Energy and GAM Capital To Develop 53-MW Matrisol Solar Project in the Dominican Republic

    February 11, 2022

    The Dominican Republic National Energy Commission (CNE) signed an agreement granting French power producer Akuo Energy and investment fund manager GAM Capital permission to develop the 53-MW Matrisol solar project. Financing will come from Banco Popular Dominicano. Matrisol also has a long-lasting power acquisition agreement (PPA) with Cerveceria Nacional Dominicana, which will help with funding […]

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