Caribbean - Page 39 of 60 - New Energy Events

First utility scale renewable project opens in Saint Lucia
August 20, 2018
On Thursday, August 9 2018, President Bill Clinton, Saint Lucia Prime Minister Allen Chastanet, and José María Figueres, former president of Costa Rica and Board of Trustees for RMI hosted the official opening ceremony for the 3 megawatt (MW) solar farm of the St. Lucia Electricity Services Limited (LUCELEC) in La Tourney, Vieux Fort. The […]
Cuba amends law in effort to attract foreign investment
August 20, 2018
The Cuban government has announced amendments to its foreign investment law aiming to increase the presence of foreign companies in the island. Amendments seek to increase efficiency and reliability in the overall business environment. The new law, which will take effect on September 1, seeks to simplify the procedures to approve a project, which currently […]
Puerto Rico’s governor signs regulatory reform bill
August 16, 2018
On Monday, Gov. Ricardo Rosselló announced that he signed into law a measure to create the Public Service Regulatory Board’s reorganization plan. This will entail a shake up of the Puerto Rico Energy Commission, which will now be known as the Energy Bureau, among other regulated entities. Projected savings are estimated at $12 million in […]
Green fund launch to promote investments for a resilient Caribbean
August 14, 2018
The CEO of Virgin, Richard Branson, and two dozen Caribbean nations have launched a multi-million-dollar initiative to help turn the hurricane-vulnerable region into a green tech hub resistant to disasters. The initiative – which is backed with an initial US$ 4m investment – will push to replace fossil fuel-dependent utilities with low-carbon renewable energy sources, […]
Caribbean shifts attention to aviation sector
August 7, 2018
The Caribbean Development Bank (CDB) president, Dr. Warren Smith, is calling for a reform in the aviation industry in the region. The reform, he stated, should aim to improve the connectivity to be convenient, flexible and reasonably priced. The reform will demand a significant change in policies and actions by regional governments to reduce taxes […]
China’s Belt and Road Initiative could boost Caribbean infrastructure projects
August 7, 2018
Recently, China’s Belt and Road initiative – often described as a 21st century silk road – has made its entry into Latin America and the Caribbean. During the second China-CELAC ministerial forum, the two entities signed a special declaration on the belt and road, which led to four LAC countries signing Belt and Road Cooperation […]
Germany to loan US $62m for solar project in Dominican Republic
July 30, 2018
The German development finance institution DEG, has arranged for a USD $62m long term loan for 116 MW solar plant, Montecristi, in the Dominican Republic – the biggest solar farm in the Caribbean. Montecristi, whose first phase of 58 MW has recently been finalized, is due to be completed in the summer of 2019, and […]
Caribbean islands increasing investment in electric vehicles
July 30, 2018
Given the costs on imported fuel for energy, Barbados and other Caribbean islands are boosting the number of electric vehicles on their roads. However, the expansion does face challenges, mainly due to the high initial costs, stiff import duties on electrical vehicles and a lack of regulatory support. However, more and more, island governments are […]
Eastern Caribbean government buildings to get solar
July 11, 2018
The Organization of Eastern Caribbean States (OECS) has signed a Memorandum of Understanding with the association Solar Head of State to adopt solar rooftops for key government buildings across the region. Last week in Jamaica, the two entities met to develop a regional strategy for photovoltaic power systems at government facilities for all members of […]