CARIF 2024 Market News - New Energy Events

Nevis achieves milestone with solar-powered desalination plant enhancing water security
December 19, 2024
The Nevis Island Administration (NIA) has connected a solar-powered desalination plant to the water grid, providing up to 60,000 gallons of treated water daily to residents between Butlers and Potworks. The project, supported by the UAE Caribbean Renewable Energy Fund, aims to improve water security. While not solving all water issues, the initiative marks a […]
CELIA consortium launches high-capacity submarine cable to enhance Caribbean connectivity
December 6, 2024
The CELIA consortium has launched a new high-capacity submarine fiber optic cable, connecting key Caribbean locations and Florida. Spanning over 3,700 km, the cable will provide an initial estimated capacity of over 170 terabits per second and support increased digital demand in the region. Expected to go live in 2027, CELIA will enhance connectivity, ensuring […]
CAF study reveals infrastructure gaps and urges climate-resilient investments for the Caribbean
December 6, 2024
A study by CAF has identified significant infrastructure deficiencies across 15 Caribbean nations, underlining the urgent need for climate-resilient investments. The findings highlight the region’s vulnerability to climate change impacts, which exacerbate challenges in building resilience against environmental shocks. Source: Caribbean Loop News
Dominica launches US$49.2m Loubiere to Bagatelle Road Rehabilitation Project to boost safety and climate resilience
September 26, 2024
Dominica has launched the Loubiere to Bagatelle Road Rehabilitation Project. The project, estimated at US$49.2 million, is co-financed by the Caribbean Development Bank (CDB) and the UK Government through the UK Caribbean Infrastructure Partnership Fund (UKCIF). The initiative aims to enhance road safety and climate resilience, benefiting over 6,000 residents by reducing travel times, improving […]
Barbuda’s new international airport set to open soon
September 12, 2024
The new international airport in Barbuda is set to open soon, with the Eastern Caribbean Civil Aviation Authority (ECCAA) granting approval for commercial flights. The US$14 million project includes a 6,100-foot runway, which is planned to be extended by 2,000 feet to support larger aircraft. Source: Caribbean National Weekly
Guyana Power and Light issues RFP for power grid expansion and underground transmission line
September 12, 2024
Guyana Power and Light (GPL) has opened bidding to expand the country’s power grid in response to significant growth. The request for proposals includes engineering, procurement, construction, and financial services for an underground river crossing transmission line and the expansion of substations in Vreed-en-Hoop and Kingston. Source: BNAmericas
MPC Capital AG launches an additional 43 MW at solar farm in the DR
September 12, 2024
MPC Capital AG launched an additional 43 MW at the Monte Plata solar farm in the Dominican Republic. The second phase represents a total investment of approximately US$45 million. Source: Renewables Now
Jamaica’s Smart Health Centres withstand Hurricane Beryl’s impact
September 12, 2024
Hurricane Beryl tested Jamaica’s infrastructure, particularly the upgraded Mandeville and Santa Cruz Health Centres, which experienced minimal damage despite the storm’s severity. These centres were part of the US$12 million Smart Hospitals Programme, funded by the UK’s FCDO and implemented by PAHO, which aimed to improve resilience through structural upgrades, green technologies, and enhanced emergency […]
Government of Jamaica and IFC partner on US$2 billion infrastructure development initiative
September 12, 2024
The Government of Jamaica and the International Finance Corporation (IFC) have formalized a partnership to implement a portfolio of infrastructure projects valued at approximately US$2 billion. The IFC will serve as Jamaica’s advisor on Public-Private Partnerships (PPPs), aiming to improve the nation’s investment climate and drive infrastructure development. Source: Jamaica Loop News