CARIF Market News - Page 17 of 33

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 […]
Caricom countries set out COP26 outcomes
August 17, 2021
The executive director of the Belize-based Caribbean Community Climate Change Centre (CCCCC), Dr Colin Young, says the consequence for Caribbean countries will be “very dire” if the delegates to an international conference in Glasgow later this year fail to respond positively to the sixth report of the Intergovernmental Panel on Climate Change (IPCC). The IPCC’ […]
UN weather agency: millions affected by climate change and extreme weather in Latin America and Caribbean
August 17, 2021
Climate-related and geophysical events resulted in the loss of 312,000 lives and directly affected more than 277 million people in Latin America and the Caribbean, a new report released by the World Meteorological Organization (WMO) revealed on Tuesday. Source
The latest Haiti earthquake was more powerful than the devastating quake in 2010
August 17, 2021
The earthquake that struck Haiti on Saturday morning occurred on the same system of faults as the one that devastated the capital, Port-au-Prince, in January 2010. And the previous quake almost certainly made this one more likely to occur. Both quakes struck on an east-west fault line at the convergence of two tectonic plates, large segments of the […]