CARIF Market News - Page 2 of 29

Virgin Islands Energy office closes US$500,ooo in loans to expand solar access for homeowners
May 29, 2025
The V.I. Energy Office has closed over $500,000 in renewable energy loans through its Solar Plus Financing (SPF) pilot program, enabling 17 homeowners to install solar and battery storage systems with no money down. Source: VI Consortium
Barbados secures US$700,000 grant from CAF to address water losses and strengthen infrastructure
May 15, 2025
The Government of Barbados has secured a US$700,000 grant from CAF to help reduce chronic water losses caused by outdated infrastructure. The funding will focus on addressing leaks and non-revenue water, which includes water produced but not billed due to issues like theft or inaccurate meters. Source: Caribbean National Weekly
RFP issued for five solar-plus-storage resiliency hubs in Puerto Rico
May 15, 2025
The Interstate Renewable Energy Council (IREC), with support from the University of Puerto Rico-Mayagüez, has issued a request for proposals (RFP) for the installation of five solar-plus-storage resiliency hubs in underserved communities in Puerto Rico. This project, aimed at providing reliable electricity during and after natural disasters, is part of a multi-year commitment by the […]
Bermuda launches procurement for first offshore wind project to generate 120 MW renewable energy
May 15, 2025
The Regulatory Authority of Bermuda (RA) has launched the procurement process for the island’s first offshore wind project, targeting up to 120 MW of renewable energy. The project will be developed in phases, starting with 60 MW, and will be located off Bermuda’s north shore. To support the project, the RA will commission further studies, […]
UK commits over US$21.5 million to boost Jamaican agriculture with new irrigation project
April 25, 2025
The UK government has pledged approximately US$21.5 million to support Jamaica’s Southern Plains Agricultural Development Project, which includes the new Parnassus Irrigation System and Agro-Park in Clarendon. Funded through the UK Caribbean Infrastructure Fund and implemented by the Caribbean Development Bank, the initiative aims to enhance irrigation, infrastructure, and climate resilience. Source: Loop News
Mexico joins Caribbean nations in implementing cruise passenger tax for sustainable tourism
April 25, 2025
Mexico will introduce a new cruise passenger tax in 2025, aligning with Caribbean countries such as Barbados, Jamaica, and the Dominican Republic in adopting similar measures. This initiative reflects a broader regional shift toward sustainable tourism, using tax revenue to support environmental protection, infrastructure upgrades, and cultural preservation. Source: Travel and Tour World
Jacobs awarded US$137 million contract to oversee U.S. Virgin Islands infrastructure rebuild
April 25, 2025
Jacobs has secured a US$137 million, three-year contract from the Virgin Islands Public Finance Authority to manage the reconstruction of critical infrastructure across St. Croix, St. Thomas, and St. John. As part of the Rebuild USVI initiative, Jacobs will help restore hospitals, schools, roads, and utility systems damaged by hurricanes Irma and Maria. The company […]
Cuba launches construction of 40 solar-powered EV charging stations
April 25, 2025
Cuba has announced the construction of 40 photovoltaic-powered electric vehicle charging stations, starting in Havana, where most of the country’s nearly 50,000 electric vehicles are located. The project, led by state-owned Cimex, will roll out in four stages of 10 stations each. Each station will generate 600 kWh of solar energy daily and store 122 […]
Wärtsilä signs performance-based decarbonization deal with Curaçao utility Aqualectra
April 25, 2025
Wärtsilä has signed a five-year decarbonization services agreement with Curaçao’s utility Aqualectra, tying its payments to outcomes like reduced CO₂ emissions, improved energy reliability, and increased renewable energy use. The deal supports Curaçao’s goal to raise its renewable capacity from 30% to 70% by 2027 and includes the installation of a 38.4 MW grid balancing […]