Caribbean - Page 4 of 60 - New Energy Events

Dominica signs USD 12 million deal with Iceland Drilling Company for two new geothermal wells
February 26, 2022
Dominica signed a $12.5 million contract with the Iceland Drilling Company to drill two new geothermal wells in the country. The majority of funding comes from UK grants. Source: Think Geo Energy
Barbados Prime Minister proposes Regional Renewable Energy Fund
February 26, 2022
The Prime Minister of Barbados, Mia Mottley, proposed the establishment of a regional renewable energy fund to finance the transition towards net zero. Mottley called for at least 10% of net revenues from new energy exporters in the Caribbean region. Source: Stabroek News
IFC Adds Eastern Caribbean Central Bank to its Sustainable Banking and Financing Network
February 15, 2022
The International Finance Corporation (IFC) added the Eastern Caribbean Central Bank (ECCB) as a new member of the IFC-facilitated Sustainable Banking and Finance Network (SBFN). The ECCB is the first organization in the SBFN from the English-speaking Caribbean. Source: Market Screener
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 […]
IDB closes year with nearly US$20 billion in new financing for the Caribbean and Latin America
December 28, 2021
The Inter-American Development Bank (IDB) and its private-sector arm, IDB Invest predict they will end 2021 with $19.5 billion in new investments for Latin America and the Caribbean. The financing is the second-highest annual total in the history of the organizations. The investments have helped countries start to recover from the pandemic and shift towards […]
U.S. firm Eagle LNG signs deal to set up Aruba receiving terminal
December 20, 2021
U.S. firm Eagle LNG Partners signed a long-term contract to set up a $100-million liquefied natural gas (LNG) receiving and regasification terminal in Aruba with domestic power and water utility WEB Aruba, the companies said. The Aruba LNG terminal, located at Refineria di Aruba, the site of an idled refinery in the city of San […]
Build Forward: An ambitious initiative to accelerate the energy transition in the Caribbean
November 29, 2021
By Therese Turner Jones and Roberto G. Aiello While the Caribbean’s Greenhouse Gas (GHG) emissions are low compared to the global aggregate, the region is highly vulnerable to the impacts of climate change, manifest in rising sea levels, warmer temperatures and increased intensity of hurricanes. The last three years have also seen a record rise […]
Kenesjay signs MoU with Dominica at COP26
November 11, 2021
Local green energy company, Kenesjay Green Ltd (KGL), has signed a Memorandum of Understanding (MoU) with the Climate Resilience Execution Agency for Dominica (CREAD) to explore the development of green project opportunities in Dominica, especially those that would leverage the island’s geothermal resources. The companies announced the MoU last week during the Glasgow Climate Change […]