CARIF Market News - Page 19 of 29

IDB Invest to prioritize delivery of renewables with green transmission line certifications
June 12, 2020
IDB Invest, the private sector arm of the Inter-American Development Bank (IDB), will be issuing the first certifications of green transmission lines (GTLs) in the world, the bank said on Friday. Certification can be given to projects in their initial stages as well as transmission lines currently in operation. They have to be transporting renewable […]
Jamaican airport installing 1 MW solar rooftop
June 12, 2020
One of Jamaica’s largest airports is building a 1 MW solar plant, with plans to increase to 3 MW. MBJ Airports Limited, which manages Sangster International Airport, SIA, expects to reduce its electricity bill by 11 percent through a US$1.2 million solar energy project. MBJ Airports said the 1 MW solar plant would be installed […]
Caribbean tourism could move away from mass market approach
May 28, 2020
Caribbean tourism, pummelled by the impact of the coronavirus, may need to move away from mass market tourism as post-COVID-19 may see fewer tourist arrivals, experts have told a webinar on the ailing industry. Caribbean Development Bank official S. Brian Samuel warned that there may not be a quick rebound in regional tourism, neither long-stay […]
Jamaica fires up first CHP plant, fuelled by LNG
March 13, 2020
New Fortress Energy began commercial operations of its gas-fired combined heat and power (CHP) plant at the Jamalco refinery in Halse Hall, Clarendon, and hailed the development as another milestone achievement in Jamaica’s transition to natural gas. “We are thrilled to announce the completion of the region’s first combined heat and power plant,” a company […]
Montserrat port development project open for procurement
February 24, 2020
The Montserrat Port Development Project has advanced to the procurement process phase, as contractors are now invited to pre-qualify for the design-build contract for the Phase 1 Development. Project Manager of the Montserrat Port Development Project, Dion Weekes said the Project has satisfied the conditions set by the Caribbean Development Bank (CDB) to advance to […]
Q&A: Quakes pose a new threat to Puerto Rico’s grid, but PREPA expects power to be restored to all customers in days

From our Editorial Team
January 10, 2020
At least 45 earthquakes shook Puerto Rico over several days in early January, leaving behind collapsed buildings and a crippled electric grid. As of publication, approximately two-thirds of the island’s 3.2 million customers remain in the dark. The temblors severely damaged Guayanilla Power Plant in the southern region, which generated more than a quarter of […]
US$1 trillion energy investment coming to LAC
November 22, 2019
Latin America and the Caribbean could see a US$1 trillion windfall in energy and infrastructure investments over the next five years, according to a senior U.S. Treasury Department official. It is expected that a portion of that funding may flow through the América Crece program, launched in 2018 to address myriad barriers to infrastructure development […]
Puerto Rico issues RFQ for new generation facility
November 15, 2019
Puerto Rico is seeking a P3 partner to develop a generation facility in its northern region. The Puerto Rico Public-Private Partnerships Authority (PRPPA) and the Puerto Rico Electric Power Authority (PREPA) issued an RFQ seeking a private partner to develop, finance, construct, and operate the facility. It would be located adjacent to the existing Palo […]
NuStar completes $250-million sale of Caribbean storage terminal
November 15, 2019
NuStar Energy has finalized the US$250-million sale of its oil storage terminal on Saint Eustatius to Prostar Capital. NuStar President Brad Barron said that proceeds from the sale, which marks the company’s exit from the Caribbean market, would be redeployed to its core businesses in North America. The terminal’s 14-million-barrel storage capacity includes crude oil, […]