CARIF Market News - Page 14 of 28

Puma Energy launches solar energy program in Puerto Rico
May 21, 2021
Puma Energy confirmed plans to install solar power at up to 200 of its retail stations in Puerto Rico, announced the company in a press conference. The goal is to reduce its carbon footprint through the installation of a clean energy source. To calculate the amount of carbon footprint the company will use a new […]
New solar energy project to add 60 MW to Puerto Rico’s electric grid
May 19, 2021
The Puerto Rico Energy Bureau (PREB) of the Public Service Regulatory Board announced today the approval of a solar energy project that will add a total 60 megawatts (MW) of generation to the island’s electric grid. This new price represents savings of $170 million during the life of the contract compared to what the Puerto […]
Pandemic derails Caribbean islands’ bid for greener, cheaper energy
May 17, 2021
A lack of climate finance, electricity monopolies and now the pandemic’s ripple effects are slowing the Caribbean’s shift from economies run on fossil fuels to clean energy, banking and government officials said on Tuesday. In the Eastern Caribbean, only 10% of energy comes from renewable sources and plans to promote the use of solar and […]
Electric vehicles and renewables will need a dramatic rise in mineral supply, IEA warns
May 8, 2021
The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy Agency. Source
REOI for development of a Caribbean Blended Finance for Resilience Fund (CBFR)
April 28, 2021
The Caribbean Climate Smart Accelerator (CCSA) has applied for financing from the Caribbean Development Bank (CDB) towards the cost of Consultancy Services for Development of a Caribbean Blended Finance for Resilience Fund and intends to apply a portion of the proceeds of this financing to eligible payments under a contract for which this invitation is […]
3 Takeaways from the 5th Caribbean Infrastructure Forum

From our Editorial Team
March 31, 2021
Against the backdrop of a post-pandemic recovery, Caribbean stakeholders convened on March 24-25 at the 5th Caribbean Infrastructure Forum (CARIF) around the need – and the opportunity – to finance and build the next generation of economy-boosting, resilient infrastructure. Here’s our three main takeaways. 1. Focus less on bricks & mortar, more on bits & […]
Algae cleared from Caribbean beaches can power hotels
March 29, 2021
Y.A. Maof, an Israeli company that works on environmental and waste disposal projects. After a trip in the Dominican Republic, the company found combining the algae found on the beach with organic waste in a biogas facility could enable energy generation. A pilot has been set up to evaluate the impact. Source
MPC Caribbean Clean Energy assessing impact on tariff reduction at its Costa Rican associated company, Tila Wind
March 24, 2021
Jamaica and Trinidad cross listed company MPC Caribbean Clean Energy Limited is now assessing the commercial impact of the Costa Rican light and power company reducing the tariff on energy produced by its associated renewable energy company in that country, Tila Wind Corporatión S A, which trades under the name Tilawind. Source
Can we revitalize Caribbean economies through investment in infrastructure?

From our Editorial Team
March 17, 2021
The arrival of COVID-19 on Caribbean shores threatened to unleash a double-digit recession in a region dependent on air, sea and land transport to connect and grow its economies. After all, the travel and tourism sector contributed nearly US$59 billion to the Caribbean’s gross domestic product in 2019. Over the course of a recent discussion […]