CARIF Market News - New Energy Events

Wärtsilä to deliver 70 MWh battery storage project in Aruba, its largest in the Caribbean
October 29, 2026
Wärtsilä has signed an agreement with WEB Aruba to develop a 35 MW/70 MWh battery energy storage system, marking the company’s largest storage project in the Caribbean to date. Scheduled for delivery in the second quarter of 2028, the project will integrate with Aruba’s existing solar, wind and conventional power generation assets. The agreement includes […]
Jamaica approves irrigation expansion measures supporting US$163 million project
October 29, 2026
Jamaica’s Senate approved two resolutions to expand irrigation access in the Pedro Plains and Braco agricultural areas. The measures support ongoing irrigation infrastructure development, including the approximately US$163 million Pedro Plains expansion project, which is expected to benefit at least 6,000 farmers and cover 4,103 hectares. The expanded Braco irrigation area will encompass approximately 5,000 […]
Jamaica advances US$56 million coastal protection project to safeguard Kingston airport
October 29, 2026
Jamaica is advancing a US$56 million coastal protection project covering approximately 14.2 km of the Palisadoes Peninsula and Port Royal corridor. Proposed works include strengthening coastal barriers, restoring dunes and mangroves, improving vulnerable road sections and installing coastal monitoring systems. The initiative aims to protect Norman Manley International Airport, critical transportation infrastructure and surrounding communities […]
Trinidad and Tobago allocates US$601 million to public utilities in 2027 Budget
October 29, 2026
Trinidad and Tobago’s 2027 Budget allocates approximately US$601 million to public utilities, prioritizing improvements to water infrastructure, electricity reliability, and essential services. The government plans to advance three proposed desalination plants in Mayaro, Morne Diablo and Tobago to strengthen water security and address persistent supply challenges. These efforts build on recent investments in pipeline upgrades, […]
Jamaica’s NWC seeks 51% water tariff increase to fund investment plan
October 29, 2026
Jamaica’s National Water Commission (NWC) has applied for a 51% tariff increase to help cover rising operating costs and finance priority investments. The utility cited growing expenses, including energy costs, and warned that its investment plan may need to be revised if the increase is not approved. The proposal is subject to review and public […]
CDB launches US$550,000 facility for women-led Caribbean clean-energy innovation
October 11, 2026
CDB has launched a US$550,000 SheTrades Caribbean facility to help women-led clean-energy businesses commercialize technologies across eight countries. The 2026–2028 programme includes business support and a competitive US$100,000 R&D grant, with applications expected in the first quarter of 2027. Source: CDB
CARICOM and OPEC Fund open new climate-finance cooperation channel
October 11, 2026
CARICOM and the OPEC Fund have signed a cooperation framework covering climate resilience, sustainable development, policy diagnostics and development of adaptation and mitigation projects, creating a potential new financing and technical-assistance channel for member states. Source: CARICOM
BVI receives two bids for first phase of airport expansion
October 11, 2026
The BVI government has received two bids for the first phase of the Terrance B. Lettsome International Airport expansion. The submissions, covering a 787-foot western runway extension, have moved into evaluation. Source: BVI News
IDB Invest backs Guyana broadband expansion with up to US$40 million
October 11, 2026
IDB Invest and IDB Lab are backing One Communications’ expansion of fibre, mobile and digital-finance services in Guyana with up to US$40 million. The project targets fibre coverage of more than 80% of premises alongside 4.5G/5G upgrades. Source: IDB Invest