CARIF Market News - New Energy Events

France will help accelerate Cuba’s renewable energy development
July 13, 2022
Cuba’s minister of energy and mining, Livan Arronte and the French Ambassador to Cuba, Patrice Paoli, signed a letter of intent to accelerate the development of renewable energy on the island. Source: Renewables Now
The Dominican Republic’s Energy Commision granted a concession to renewables sponsor Energia Renovable BAS SRL for the construction of a solar park
July 13, 2022
The Dominican Republic’s Energy Commission (CNE) agreed to grant a definitive concession to renewables sponsor Energia Renovable BAS SRL to construct the 50-MW/73.2-MWp Washington Capital Solar Park 3. The concession is for 25 years, and the firm will invest US$80 million into the project. Source: Renewables Now
The U.S. Trade and Development Agency and CAF renew partnership to advance infrastructure initiatives across LAC
July 13, 2022
The U.S. Trade and Development Agency renewed its partnership with CAF to advance sustainable infrastructure projects in Latin America and the Caribbean. The joint action plan will support clean energy, transportation, digital connectivity, climate, water, and environment-related infrastructure projects. Source: USTDA
Sol Ecolution and Blue Circle Energy signed an MoU to jointly promote community solar projects in Barbados
July 13, 2022
Sol Ecolution, the renewable energy and low-carbon unit of Caribbean group Sol Petroleum and the Barbados based firm, Blue Circle Energy, signed an MoU for the joint promotion of around 30 MW community solar projects in Barbados. Source: Sol Petroleum
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 […]