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CARIF Market News

  • “The Dominican Republic will hit 600 MW in renewable energy by the end of the year “

    February 1, 2023

    The Dominican Republic currently has 15 renewable energy projects in development, 12 of which are currently in the construction phase with operations expected to begin by the end of 2023. These projects will bring 600 MW of clean energy to the Dominican electrical system by the end of the year. Source: Dominican Today

  • The Bahamas will invest US$14.2 million into the installation of a 25 MW battery energy storage system at the Baillou Hill Power Plant, along with other projects

    August 24, 2022

    According to Philip Davis, the Prime Minister of the Bahamas, the government will invest US$14.2 million into the installation of a 25 MW battery energy storage system at the Baillou Hill Power Plant. They also plan to invest US$35 million into the installation of solar photovoltaic systems in the Family Islands, and feasibility studies on […]

  • Four Trends for Caribbean Infrastructure in 2022

    From our Editorial Team

    August 24, 2022

    In the wake of the Covid crisis, and against a challenging geopolitical backdrop, discussions in the upcoming Caribbean Infrastructure Forum (CARIF) will focus on what’s driving decision-making across the infrastructure space. What are key stakeholders prioritizing in their approaches to planning and investment? What trends are emerging in response to local needs and dynamics? What […]

  • 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 

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