Caribbean Infrastructure

Dominica Discusses Energy Supply Agreements with Martinique

February 9, 2022

The Dominica Geothermal Development Company is finalizing the construction of a geothermal plant that will provide baseload power to the island. Meanwhile, the Government of Dominica discusses supplying geothermal energy to Martinique at what is described as a competitive price. Source: Think Geo Energy

BMR Secures USD 88 Million Loan to Refinance Solar and Wind Project Debt

January 24, 2022

BMR Energy uses USD 88 million loan from CIBC FirstCaribbean International Bank and National Commercial Bank Jamaica Limited (NCB) to refinance the debt from its wind and solar photovoltaic independent power producers (IPP) in Jamaica, Grand Cayman, and Guatemala. Source: Jamaica Observer

STOA Invests in Phase II of Wind Farm Expansion in the Dominican Republic

January 17, 2022

Grupo Energético 23 and STOA S.A. (STOA) partner on a deal for STOA to invest in the expansion of the Poseidón Energía Renovable, S.A. 100MW Los Guzmancito wind farm project in the Dominican Republic. The first phase, commissioned in 2019, consisted of 16 Vestas turbines. The new investment by STOA includes a USD 128 million […]

BVIEC Evaluates 19 Applications for Paraquita Bay Microgrid Project

January 17, 2022

The British Virgin Islands Electricity Corporation (BVIEC) received 19 applications from companies looking to pre-qualify for the proposal to develop a microgrid in Paraquita Bay. Submissions qualify the companies for consideration by the BVIEC to bid on future engineering, procurement, and construction services. The project will be funded with a USD 600 thousand grant provided […]

Barbados phases out inefficient lighting in an effort to meet its renewable energy goals by 2030

January 5, 2022

In an effort to achieve its goal of becoming a 100 per cent renewable energy and carbon-neutral island-state by 2030, Barbados has began the first of five phases by prohibiting the importation of any electrical lamp which emits less than 15 lumens per watt. The objective of the phase-out process is to reduce the cost […]

Banks look for mandates to finance Caribbean renewable energy projects

January 4, 2022

Caribbean commercial and investment banks, once hesitant, are now moving aggressively to finance clean energy projects across the region. Source: Jamaica Observer