CARIF Market News - Page 15 of 33

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
Montserrat officially begins the first phase of construction for the US$46 million Montserrat Port Development Project
June 29, 2022
Montserrat broke ground on the US$46 million Montserrat Port Development Project, financed with a US$36 million in grant funding by the UK aid through the United Kingdom Caribbean Infrastructure Fund (UKCIF), administered by the Caribbean Development Bank, and US$9.2 million from the Montserrat government. The new port will increase accessibility and improve trade opportunities for […]
Dominica strengthens their hurricane preparedness by constructing emergency shelters and educating vulnerable communities
June 29, 2022
Dominica is strengthening their hurricane preparedness by constructing emergency shelters, training members in vulnerable communities, and creating awareness with educational classes on ways to safeguard against extreme weather. Source: Associate Times
Leclanché, Solrid, and MPC Energy Solutions began construction of SOLEC power plant in St. Kitts and Nevis
June 29, 2022
Leclanché, Solrid, and MPC Energy Solutions began construction on a solar-plus-storage project in St. Kitts and Nevis. The project involves pairing a 35.6 MW solar PV farm with 44.2 MWh of lithium-ion battery storage. The project will provide SKELEC with about a third of the island’s energy needs through a 20-year PPA. Source: Energy Storage […]
GEAPP and RELAC launch collaborative initiative to increase renewable energy penetration in the Caribbean by 2030
June 29, 2022
The Global Energy Alliance for People and Planet (GEAPP) and Renewable Energy for Latin America and Caribbean (RELAC) GEAPP team up to launch an initiative that supports RELAC’s goal of increasing renewable energy proportions in the Caribbean to 70% by 2030. Source: Renews Biz
Guyana receives funds from the Norwegian Agency for Development Cooperation and the IDB to promote climate-resilient renewable energy sources
June 29, 2022
Guyana will promote climate-resilient renewable energy sources as a part of the IDB’s energy matrix diversification. The IDB will provide the island with a non-reimbursable investment financing of up to US$83 million with funds from the Norwegian Agency for Development Cooperation. Source: Caribbean National Weekly
Dominican Republic inaugurates 50 MW solar farm
June 2, 2022
The government of the Dominican Republic has inaugurated the 50 MW solar farm, El Soco. The total investment in the plant was approximately US$90 million. Source: Renewables Now
Barbados will begin constructing a 10 MW solar plant within the year
June 2, 2022
The Barbados Workers’ Union, Barbados National Oil Company Limited, and Emera Caribbean signed an MoU to begin constructing a US$25 million, 10 MW solar plant at Mangrove, St. Philip, within a year. Source: GIS Barbados
STOA Invests in Phase II of Wind Farm Expansion in the Dominican Republic
January 17, 2022
Grupo Energético 23 and STOA S.A. (STOA) partner on a deal for STOA to invest in the expansion of the Poseidón Energía Renovable, S.A. 100MW Los Guzmancito wind farm project in the Dominican Republic. The first phase, commissioned in 2019, consisted of 16 Vestas turbines. The new investment by STOA includes a USD 128 million […]