Caribbean Infrastructure - Page 7 of 17

Hurricane Beryl triggers record US$44 million payout to Grenada from regional catastrophe insurance fund
July 19, 2024
Hurricane Beryl’s recent impact on the Caribbean led to a record US$44 million payout to Grenada from the Caribbean Catastrophe Risk Insurance Facility (CCRIF). This payout includes US$42 million for cyclone insurance, US$1.1 million for fisheries insurance, and US$549,000 for excess rainfall. Source: Insurance Journal
Dominican Port Authority announces construction of Barahona Port
July 19, 2024
The Dominican Port Authority (Apordom) announced the construction of the Barahona port is underway. The port is funded by a US$2 billion public investment sourced from the entity’s revenues. Source: Dominican Today
Nassau Cruise Port plans US$35 million waterpark to enhance family-friendly amenities and attractions
July 19, 2024
The Nassau Cruise Port plans to build a US$35 million waterpark complex to offer more family-friendly amenities and differentiate itself from other port facilities in the Caribbean. Source: Travel Weekly
Construction of waterfront condo commences in Grand Cayman
July 19, 2024
Construction of a waterfront condo project, Catalina Bay, is now underway in Grand Cayman’s North Sound. Source: CaribJournal
Caribbean launches SIDS 2.0 initiative to transform small island developing states into digital states
July 19, 2024
The Caribbean is launching the SIDS 2.0 initiative to transform Small Island Developing States (SIDS) into Small Island Digital States. This project aims to accelerate digital integration and innovation by creating a collaborative framework. The initiative includes self-assessments, action plans, and prioritizing interventions. Source: UNDP
Barbados plans to boost onshore wind power expansion
July 5, 2024
The Government of Barbados, with the support of the International Finance Corporation (IFC), is ramping up its climate change mitigation and energy diversification efforts by expanding its onshore wind power capacity. Source: Wind Insider
Dominican Republic approves new solar projects with storage
July 5, 2024
The National Energy Commission (CNE) of the Dominican Republic granted a definitive concession for the 83.4 MW/101.6 MWp Ardavin Solar project, which includes an energy storage system. Source: Renewables Now
Guyana launches tender for utility-scale solar and battery storage projects
July 5, 2024
Guyana’s Public Utility (GPL) has initiated a tender for three utility-scale solar PV and battery storage projects, totaling 15 MWp of solar capacity and 22 MWh of storage. The tender, part of the Guyana Utility-Scale Solar Photovoltaic (GUYSOL) Programme, is funded through the Guyana-Norway Partnership Source: PV Magazine LATAM
Seabased to Develop 10 MW Wave Power Park in Barbados for Green Hydrogen R&D
June 19, 2024
Dublin based company, Seabased, has entered into an MoU with the Barbados Investment and Development Corporation (BIDC) to develop a wave power park in Barbados. Initially starting with a 2 MW pilot and expanding to at least 10 MW, this project supports Barbados’ efforts in advancing green hydrogen research and development. Source: Renewables Now