CARIF Market News - New Energy Events

Guyana installs 4.8 MW of residential photovoltaic systems to expand renewable energy access
July 31, 2025
Guyana’s solar home photovoltaic system project has added 4.8 MW of installed capacity since its launch in July 2023. The initiative aims to expand access to renewable energy in inland and coastal communities not connected to the electricity grid. Source: PV Magazine LATAM
Saint Lucia Electricity Services plans 10 MW solar project with battery energy storage
July 31, 2025
Saint Lucia Electricity Services (LUCELEC) plans to tender a 10 MW solar project with battery energy storage later this year. The project, which will be the island’s second industrial-scale solar initiative, includes 10 MW of solar power and an energy storage system with 13 MW capacity using two-hour lithium-ion batteries. Source: PV Magazine LATAM
New initiative aims to strengthen Caribbean energy resilience against extreme weather events
July 31, 2025
A new initiative aims to strengthen Caribbean energy resilience in the face of increasingly severe weather events. The Inter-American Development Bank (IDB) estimates that upgrading the Caribbean’s power systems could generate US$4.3 billion in benefits over the next 20 years by reducing recovery costs after extreme weather. To address the challenges of funding, technology, and […]
Puerto Rico’s grid operator uses tens of thousands of batteries to address energy shortfalls and power three million residents
July 31, 2025
Puerto Rico’s grid operator has successfully used tens of thousands of batteries across the island to address energy shortfalls and supply power to about three million residents. What began as a pilot program in 2023 has evolved into the first operational behind-the-meter virtual power plant in Latin America and the Caribbean, providing crucial support for […]
Caribbean Development Bank launches US$4.36 million grant facility to support climate-smart, gender-responsive, and agriculture-focused development
July 31, 2025
The Caribbean Development Bank (CDB) is launching a US$4.36 million Grant Facility, financed by the Agence Française de Développement (AFD), to support climate-smart, gender-responsive, and agriculture-focused development projects in its Borrowing Member Countries (BMCs). This initiative aims to overcome technical and financial challenges that hinder key projects, while fostering targeted investments. It is part of […]
Eastern Caribbean countries sign US$115 million financing agreement with The World Bank
July 31, 2025
Eastern Caribbean countries have signed a US$115 million financing agreement with the World Bank under the Caribbean Resilient Renewable Energy Infrastructure Investment Facility (CRREIIF). This initiative, aimed at enhancing climate resilience in the Eastern Caribbean Currency Union (ECCU), will focus on improving energy security, reducing reliance on imported fossil fuels, and boosting regional competitiveness by […]
CTO launches Reimagine Plan 2025–2027 to position Caribbean as global leader in sustainable tourism
July 9, 2025
The Caribbean Tourism Organization (CTO) has launched the Reimagine Plan 2025–2027, a three-year strategy designed to position the Caribbean as a global leader in sustainable tourism. Unveiled during Caribbean Week in New York, the plan focuses on five core pillars—sustainability, tourism intelligence, advocacy, market competitiveness, and people development—along with a sixth pillar emphasizing internal operational […]
Guyana launches net billing program to expand rooftop solar and boost distributed energy generation
July 9, 2025
Guyana has launched a net billing program to promote the adoption of rooftop photovoltaic systems up to 100 kW, with larger systems allowed based on customer demand and grid approval. The initiative, led by the Guyana Energy Agency and GPL Inc., enables users to earn credits for excess energy fed into the grid, with unused […]
New regional platform launched to accelerate climate resilience and investment in the Caribbean
July 9, 2025
A new regional platform in the Caribbean has been launched to accelerate financing for resilience initiatives across the region. The platform will focus on identifying and delivering transformative, country-specific investment opportunities while promoting a coordinated regional approach to climate resilience. Source: Green Climate Fund