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CARIF Market News

  • 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

  • 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

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