CARIF Market News - Page 10 of 29

Sunfarming plans to construct a 50 MW agro-solar farm in the Dominican Republic
August 3, 2023
Sunfarming, a renewable energy company, is planning to construct a 50 MW agro-solar farm in the Dominican Republic. The project aims to combine solar power generation with agricultural activities, promoting sustainable development and supporting local communities. Source: Renewables Now
Antigua and Barbuda to install 15 wind turbines at existing wind farms
August 3, 2023
Antigua and Barbuda are set to install 15 wind turbines at the Parham Ridge and Sir Vivian Richards wind farms as part of the SPPARE Project. The project is a collaboration between the Department of Environment and the West Indies Oil Company, with US$15 million in financing from the Abu Dhabi Development Fund. Source: Telesurenglish
Barbados regulators order 50 MW BESS pilot in an effort to support rapid decarbonization by 2030
August 3, 2023
Regulators in Barbados ordered a 50 MW BESS pilot in an effort to reach its ambitious goal of becoming 100% renewable energy and carbon neutral economy by 2030. Source: Energy Storage
Jamaica releases its first electric vehicle policy
July 22, 2023
Jamaica has released its first electric vehicle policy, with the goal of increasing energy security, diversifying supply, and decarbonizing. The roadmap outlines plans to develop an enabling regulatory environment, deploy efficient charging infrastructure, establish guidelines related to standards and batteries, and train and engage the public. Source: BNAmericas
The Caribbean Development Bank and IDB Invest have been selected as two of the recipients of the MDB Challenge Fund
July 6, 2023
The Caribbean Development Bank and IDB Invest are two of the six new recipients of the Multilateral Development Banks Challenge Fund (MDB Challenge Fund), a US$5.25 million fund launched by the Gates Foundation, Open Society Foundations, and The Rockefeller Foundation. The Caribbean Development Bank will use its grant to develop a new risk mitigation instrument […]
CAF joins Barbados Coalition for Resilient Infrastructure to support transition to a more sustainable economy
July 6, 2023
CAF has joined the Barbados Coalition for Resilient Infrastructure to support Barbados’ transition, a group of international organizations and governments that are working together to support Barbados’ transition to a more resilient and sustainable economy. CAF’s participation will focus on supporting the development of a new Blue Green Bank, helping to improve the country’s disaster […]
The Dominican Republic’s CNE grants concession to EGE Haina to build an 80 MWp solar farm
April 12, 2023
The Dominican Republic’s National Energy Commission (CNE) granted rights and permits to EGE Haina to build an 80 MWp solar farm on the island. Source: Renewables Now
Puerto Rico’s utility, LUMA, is requesting US$8.2 billion in federal investments for grid reliability projects
April 12, 2023
LUMA Energy, Puerto Rico’s utility, is seeking to upgrade Puerto Rico’s electric grid and has requested US$8.2 billion from the Federal Emergency Management Agency to support reliability initiatives. Source: Utility Dive
“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