CARIF Market News - Page 12 of 28

Caribbean NGO training citizens to provide safe solar PV installations
November 5, 2021
Green Solutions International SKN Incorporated (GSI), a Caribbean energy company and solar photovoltaic (PV) training provider, is developing the capacity of citizens across the region to provide safe, quality, solar PV installations for residential and commercial clients. Source
UK, CDB to improve the energy network in Barbuda
November 5, 2021
The Caribbean Development Bank (CDB) approved a grant to reconstruct and rehabilitate the energy network in Barbuda. The project is being funded by the United Kingdom under its aid programme. The CDB-administered grant of GBP 2.85 million will finance the undergrounding of about half of the 16 kilometres electricity network of the island, and provide […]
Financing pipeline for Caribbean solar projects
October 14, 2021
Soleco Energy looks to secure US$25mn (syndicated amount US$11.1mn, financing amount US$13.9mn) for a portfolio of distributed generation assets in Jamaica for a combined 11.25MWp which will be contracted with commercial and industrial clients through long-term lease contracts in a first phase, as reported by BNA Americas. Source
Caribbean countries to benefit from new IDB energy initiative to be announced at COP26
October 14, 2021
The Inter-American Development Bank (IDB) says it will create a financing instrument dedicated to expanding energy access, supporting energy transition, and protecting the climate in Latin America and the Caribbean (LAC).The financing instrument, which will be formally announced at the UN Climate Change Conference (COP26) to be held in Glasgow next month, will be managed […]
‘Overwhelmed by old challenges’, Caribbean leaders say COVID-19 has forced a new battle for the survival of their nations
September 30, 2021
Caribbean island nations are under assault from the coronavirus pandemic even as they try to protect their communities from rising seas and raging storms, regional leaders said Saturday at the UN, where they called for bold action to tackle climate change and shore up public health systems. Source
MPC Energy Solutions selects EPC contractor for the construction of new 21 MW solar power plants in El Salvador
September 7, 2021
MPC Energy Solutions has selected ISOTRON SA, part of Spanish Grupo ISASTUR, as EPC contractor for the construction of its Santa Rosa & Villa Sol solar photovoltaic (PV) plants in El Salvador, which have a combined capacity of 21.07 MWp. The construction will commence in September upon financial close with the project financing lender. The […]
LUMA Energy says grid stabilization work has begun
September 1, 2021
Following a power outage that affected more than 100,000 people across Puerto Rico, LUMA Energy said it had begun work to stabilize the island’s grid, El Vocero reported. Source (in Spanish)
Evergo projects 500 electric charging stations in Dominican Republic by close of 2021
September 1, 2021
With more than 300 charging stations for the latest electric vehicles, Evergo, a subsidiary of the parent company InterEnergy Group, plans to close the year with 500 stations in the national territory. “Ahead of the future of electric mobility in the Dominican Republic, with the deployment of the most extensive network in the region, Evergo […]
Infrastructure deal could significantly improve life in U.S. territories, Puerto Rico
August 17, 2021
On August 11, the Senate voted 69-30 for HR 3684—a landmark piece of bipartisan infrastructure legislation. Allotting $1.2 trillion to long-term infrastructure improvements, it represents a comprehensive national plan for revamping the United States’s transport, water, energy, housing, and internet systems. The promises created by the new infrastructure deal hold immense relevance for the US […]