Caribbean - Page 24 of 60 - New Energy Events

Cuba to develop renewables roadmap with EU 18m support
March 16, 2020
In the first dialogue between Cuba and the EU, Cuba stressed the importance of the support of the EU in achieving energy independence. Given the intensification of the US blockade and its impact on access to fossil fuels, alongside Cuba’s commitment to combating climate change, renewable energy will be an important part of Cuba’s energy […]
Jamaica fires up first CHP plant, fuelled by LNG
March 13, 2020
New Fortress Energy began commercial operations of its gas-fired combined heat and power (CHP) plant at the Jamalco refinery in Halse Hall, Clarendon, and hailed the development as another milestone achievement in Jamaica’s transition to natural gas. “We are thrilled to announce the completion of the region’s first combined heat and power plant,” a company […]
MPC Capital targets $90m fund for Caribbean renewables
March 13, 2020
Over the next two years, MPC Capital aims to raise USD 90 million from US-based impact investors, institutional investors and foundations. The money will be allocated to up to 15 renewable infrastructure projects in the Caribbean. MPC Capital made its first investment in the renewable energy sector in the Caribbean in 2016 and has since […]
New Fortress Energy plans for a hydrogen fuelled future
March 12, 2020
New Fortress Energy LLC has plans to become a hydrogen supplier within the next decade, to achieve net-zero emissions. Currently, New Fortress Energy sells LNG to fuel power plants in the Caribbean, with plans to expand in other regions. He acknowledged that the goal is an ambitious one, with no guarantee that hydrogen will be […]
Auctions have driven 80% of current renewable energy capacity in LAC
March 11, 2020
On the occasion of Mexico WindPower 2020, the Latin American Energy Organization (OLADE) and the Global Wind Energy Council (GWEC) have published a joint report Competitive Processes for Financing Renewable Energy Projects which found that over 80 percent of current renewable energy capacity in Latin America and the Caribbean has been driven by public tenders […]
Montserrat port development project open for procurement
February 24, 2020
The Montserrat Port Development Project has advanced to the procurement process phase, as contractors are now invited to pre-qualify for the design-build contract for the Phase 1 Development. Project Manager of the Montserrat Port Development Project, Dion Weekes said the Project has satisfied the conditions set by the Caribbean Development Bank (CDB) to advance to […]
Barbados signs $30m loan for sustainable energy investment program
February 13, 2020
The Government of Barbados signed two loan deals with the Inter-American Development Bank. Prime Minister Mia Mottley said, “The $30 million USD that we just signed for with the smart energy allows us to be able to leverage renewable energy on many of the Governments properties. The Government of Barbados is spending about $400 million […]
Blue Economy Accounted for 7% of Jamaica’s GDP in 2017
February 12, 2020
The Blue Economy was responsible for more than US$1 billion of GDP in Jamaica in 2017, according to Caribbean Development Bank (CDB) Director of Economics Dr. Justin Ram. The announcement was part of the CDB’s annual news conference in Barbados, and included wider discussions about economic growth in the region. Among the economic leaders in […]
Nine Caribbean Renewable Energy Trends to Watch in 2020

From our Editorial Team
February 11, 2020
A new decade, a new era for the Caribbean energy market? Correlating the arrival of 2020 with a watershed in the way in which the region operates is, arguably, a fool’s game. What’s undeniable, however, is that if evolution is sometimes slow, sometimes rapid, we are currently in a period characterized by the latter. Change […]