CARIF 2025 Market News - New Energy Events

Barbados to launch 60 MW battery storage and onshore wind project tenders as part of US$9.5 billion energy transition plan
October 24, 2025
Barbados is moving forward with its national energy policy and resiliency plan, with an RFP for up to 60 MW of battery energy storage systems (BESS) set to be issued by the end of the month, according to Energy Minister Lisa Cummins. The projects will be built, owned, and operated by private developers, alongside plans […]
Jamaica begins search for new power grid operator ahead of JPS license expiration in 2027
October 24, 2025
Jamaica’s government has launched the process to find a new national power grid operator ahead of the 2027 expiration of Jamaica Public Service’s (JPS) license. The energy ministry is seeking consultants to design the transition framework, assess ownership transfer options, and make the sector attractive to investors. The IDB-financed consultancy will support the government’s plan […]
Cuba continues push for renewable energy, 19 wind farms under construction
October 24, 2025
Cuba now operates 32 photovoltaic parks out of the 55 planned for 2025, providing a total of 715 MW and contributing 9% of the country’s electricity generation in September, up from 2% in January. Additionally, 19 wind farms totaling 415 MW are under construction pushing Cuba toward exceeding its 1,000 MW renewable target this year. […]
Guyana partners with InterEnergy Group in US$15.6 million deal to modernize power grid and advance smart infrastructure
October 9, 2025
Guyana Power and Light (GPL) signs a US$15.6 million agreement with the Dominican Republic’s InterEnergy Group to help modernize and strengthen Guyana’s electricity system. Over the next two years, InterEnergy will provide engineering, project management, and advisory support to upgrade infrastructure, improve reliability, and lay the groundwork for a nationwide smart grid. The company will […]
Turks and Caicos leads the Caribbean with first comprehensive tourism capacity study to drive sustainable growth
October 9, 2025
Turks and Caicos has become the first Caribbean nation to complete a comprehensive tourism capacity study, providing data-driven insight into how many visitors each island can sustain without harming the environment or local communities. Minister of Tourism Jhavargo Jolly said the study marks a shift toward evidence-based, sustainable tourism growth, ensuring development adds value rather […]
Guyana launches 217 kW solar grid bringing 24-hour power to remote indigenous village of Batavia
October 9, 2025
Guyana has inaugurated a 217.4 kW solar grid in the remote indigenous village of Batavia, providing 24-hour electricity to more than 125 homes for the first time. The US$1.4 million project includes a microgrid, a solar array, and individual home systems, developed by CNOOC Petroleum Guyana in partnership with the government. It marks the second […]
Guyana launches nationwide digital transformation to modernize government services by 2026
October 9, 2025
Guyana is launching a nationwide digitization program to modernize government services, with most processes expected to go fully digital by mid-2026. Led by the National Data Management Authority, the initiative will integrate AI, digital infrastructure, and cross-agency systems to improve efficiency and transparency. President Irfaan Ali said the effort will streamline access to key services—from […]
IDB Approves US$250 million loan to restore Guatemala’s Motagua River Basin
September 11, 2025
The Inter-American Development Bank (IDB) has approved a US$250 million loan to support environmental restoration and improved living conditions in Guatemala’s Motagua River Basin. The program will expand waste collection, sanitation, and effluent treatment while strengthening water monitoring and local service management. It is expected to benefit nearly 400,000 households, promote a circular economy, create […]
Sucro and Santander Sugar launch US$20 million joint venture to build major Caribbean refinery in Belize
September 11, 2025
Sucro Ltd. and Santander Sugar Ltd. have formed a 50/50 joint venture, Caribbean Sugar Refinery Ltd. (CSR), to build a US$20 million sugar refinery at Santander’s mill complex in Belize, with operations expected to start in 2026. The project, supported by the government of Belize, aims to meet more than 75% of CARICOM’s refined sugar […]