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CARIF Market News

  • Charting a pathway to resilient and renewable energy systems in the Caribbean

    June 30, 2022

    Antigua & Barbuda models its way to a resilient and renewable energy power system It is by now undeniably established that island states in the Caribbean are particularly vulnerable to extreme weather events caused by climate change. As the intensity and frequency of these weather events increases we need to rethink the future of power […]

  • CDB explores integrated logistics and transportation system for infrastructure in the region

    June 29, 2022

    The Caribbean Development Bank is looking to develop infrastructures in the region, such as ports, roadways, farms, storage, warehousing, and standards, with an integrated logistics and transportation system that can provide for the seamless movement of goods and services. Source: Caribbean National Weekly 

  • Montserrat officially begins the first phase of construction for the US$46 million Montserrat Port Development Project

    June 29, 2022

    Montserrat broke ground on the US$46 million Montserrat Port Development Project, financed with a US$36 million in grant funding by the UK aid through the United Kingdom Caribbean Infrastructure Fund (UKCIF), administered by the Caribbean Development Bank, and US$9.2 million from the Montserrat government. The new port will increase accessibility and improve trade opportunities for […]

  • Dominica strengthens their hurricane preparedness by constructing emergency shelters and educating vulnerable communities

    June 29, 2022

    Dominica is strengthening their hurricane preparedness by constructing emergency shelters, training members in vulnerable communities, and creating awareness with educational classes on ways to safeguard against extreme weather. Source: Associate Times

  • Leclanché, Solrid, and MPC Energy Solutions began construction of SOLEC power plant in St. Kitts and Nevis

    June 29, 2022

    Leclanché, Solrid, and MPC Energy Solutions began construction on a solar-plus-storage project in St. Kitts and Nevis. The project involves pairing a 35.6 MW solar PV farm with 44.2 MWh of lithium-ion battery storage. The project will provide SKELEC with about a third of the island’s energy needs through a 20-year PPA. Source: Energy Storage […]

  • GEAPP and RELAC launch collaborative initiative to increase renewable energy penetration in the Caribbean by 2030

    June 29, 2022

    The Global Energy Alliance for People and Planet (GEAPP) and Renewable Energy for Latin America and Caribbean (RELAC) GEAPP team up to launch an initiative that supports RELAC’s goal of increasing renewable energy proportions in the Caribbean to 70% by 2030. Source: Renews Biz

  • Guyana receives funds from the Norwegian Agency for Development Cooperation and the IDB to promote climate-resilient renewable energy sources

    June 29, 2022

    Guyana will promote climate-resilient renewable energy sources as a part of the IDB’s energy matrix diversification. The IDB will provide the island with a non-reimbursable investment financing of up to US$83 million with funds from the Norwegian Agency for Development Cooperation. Source: Caribbean National Weekly 

  • Dominican Republic inaugurates 50 MW solar farm

    June 2, 2022

    The government of the Dominican Republic has inaugurated the 50 MW solar farm, El Soco. The total investment in the plant was approximately US$90 million. Source: Renewables Now  

  • Barbados will begin constructing a 10 MW solar plant within the year

    June 2, 2022

    The Barbados Workers’ Union, Barbados National Oil Company Limited, and Emera Caribbean signed an MoU to begin constructing a US$25 million, 10 MW solar plant at Mangrove, St. Philip, within a year. Source: GIS Barbados

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