Caribbean - Page 32 of 60 - New Energy Events

Canadian firm acquires Bermuda’s electric utility
June 5, 2019
Algonquin Power & Utilities, a Canadian utilities group and renewables developer, will acquire Ascendant Group Limited, Bermuda’s electric utility’s parent company. Belco is Bermuda’s primary electric utility. This acquisition aims to modernise the island’s electricity infrastructure to prepare its grid for the challenges of the 21st century, namely climate change. The company will integrate more […]
Undersea cables to provide clean and reliable electricity to Caribbean island
June 5, 2019
Caye Caulker island will be connected to Belize’s national electricity grid using submarine cables. This system will be allow the island to have access to stable electricity from renewable sources. The project will be financed by the Caribbean Development Bank through a USD 6.8 million loan, which was approved yesterday by the CDB’s Board of […]
Jamaica’s commitment to its Blue Economy continues to grow
June 4, 2019
Caribbean Development Bank officials have described Jamaica’s Junior Market as a model for financing Blue Economy. Jamaica’s Junior Stock Exchange, said Dr. Justin Ram, Director of Economics at the CDB, is a “blueprint” for countries in the Caribbean wishing to support their blue economy by raising capital through the stock market. A blended finance approach, […]
One year on: What do we know about the Caribbean Climate-Smart Accelerator?

From our Editorial Team
June 3, 2019
The Caribbean Climate-Smart Accelerator, formed in response to the 2017 hurricane season, is an entrepreneurial engine, setting an ambitious agenda to create the world’s first “climate-smart zone”. The coalition, which includes 26 countries and over 40 private and public sector partners, seeks to catalyze transformative investments and partnerships across priority areas including clean energy, resilience, […]
Action plan to strengthen Blue Economy in Caribbean published by World Bank
June 3, 2019
A new World Bank report examines the importance of tackling marine pollution to ensure the Caribbean region is resilient to climate change. The report, “Marine Pollution in the Caribbean: Not a Minute to Waste”, calls for urgent action to restore damaged ecosystems and protect the Caribbean’s marine resources. The ocean is a key source of […]
Dominican Republic to invest USD 900m in renewable projects
May 31, 2019
Dominican Republic’s National Commission for Energy (CNE) has authorised the grant of twelve provisional concessions for new renewable energy projects totaling 874 MW. Two projects are focused on wind energy, eight will produce electricity from solar energy and two are thermal energy projects. Another five applications for the development of further renewable energy projects are […]
UK delivers capacity-building programme for blue economy in Antigua and Barbuda
May 28, 2019
The UK Government’s Commonwealth Marine Programme completed a three-week capacity building programme in Antigua and Barbuda last month. The programme aimed to support a safer maritime trade and the growth of Antigua and Barbuda’s Blue Economy. In attendance were representatives from Antigua and Barbuda’s Department of Maritime Affairs and External Relations, the Survey and Mapping […]
OPIC delegation visits Caribbean, discusses investment in energy
May 27, 2019
President of the U.S. Government0s development finance organisation, OPIC, concludes successful visit to the Caribbean to discuss infrastructure, energy, water, and women’s economic empowerment . “By partnering with our Caribbean neighbors to advance priorities like expanding access to low-cost energy, supporting critical infrastructure, and empowering women, OPIC is working to more effectively leverage private sector […]
New battery energy storage system inaugurated in Bermuda
May 27, 2019
The Bermuda Electric Light Company (Belco) held the inauguration of a new battery energy storage system with a ribbon-cutting ceremony last week. The company announced it expects the energy storage system to cut fuel and maintenance costs by $2 million a year. The Battery Energy Storage System (Bess) is made up of lithium batteries which […]