CARIF Market News - Page 2 of 33

VIPA, Royal Caribbean, and CTI partner to transform Crown Bay into mixed-use tourism hub
January 9, 2026
The Virgin Islands Port Authority, Royal Caribbean Group, and Cruise Terminals International signed an agreement to redevelop Crown Bay in St. Thomas into a vibrant, mixed-use destination. The project will modernize the waterfront, enhance commercial, recreational, and cultural spaces, create jobs, and generate business opportunities for local entrepreneurs, taxi drivers, and tour operators, boosting the […]
Vietnam donates four solar parks to Cuba’s Mayabeque Province
December 4, 2025
Vietnam has donated four 20 MW solar parks with a total capacity of 80 MW and 10 MW of storage to Cuba, to be installed in Mayabeque province. The projects, named Vista Alegre, El Jobo, El Fénix, and El Comino will be integrated into the provincial electrical system in phases. Preliminary civil works have begun […]
Arbitrating the energy transition: how BVI is de-risking the Caribbean’s green investment boom
November 5, 2025
A Conversation with the British Virgin Islands International Arbitration Centre (BVIIAC) The Caribbean’s clean energy revolution is gathering pace. From solar parks in Jamaica to geothermal exploration in Dominica and large-scale wind projects in the Dominican Republic, the region is rewriting its energy story. But behind every ambitious project lies a more complex challenge: how […]
Barbados to launch 60 MW battery storage and onshore wind project tenders as part of US$9.5 billion energy transition plan
October 24, 2025
Barbados is moving forward with its national energy policy and resiliency plan, with an RFP for up to 60 MW of battery energy storage systems (BESS) set to be issued by the end of the month, according to Energy Minister Lisa Cummins. The projects will be built, owned, and operated by private developers, alongside plans […]
Jamaica begins search for new power grid operator ahead of JPS license expiration in 2027
October 24, 2025
Jamaica’s government has launched the process to find a new national power grid operator ahead of the 2027 expiration of Jamaica Public Service’s (JPS) license. The energy ministry is seeking consultants to design the transition framework, assess ownership transfer options, and make the sector attractive to investors. The IDB-financed consultancy will support the government’s plan […]
Cuba continues push for renewable energy, 19 wind farms under construction
October 24, 2025
Cuba now operates 32 photovoltaic parks out of the 55 planned for 2025, providing a total of 715 MW and contributing 9% of the country’s electricity generation in September, up from 2% in January. Additionally, 19 wind farms totaling 415 MW are under construction pushing Cuba toward exceeding its 1,000 MW renewable target this year. […]
Guyana partners with InterEnergy Group in US$15.6 million deal to modernize power grid and advance smart infrastructure
October 9, 2025
Guyana Power and Light (GPL) signs a US$15.6 million agreement with the Dominican Republic’s InterEnergy Group to help modernize and strengthen Guyana’s electricity system. Over the next two years, InterEnergy will provide engineering, project management, and advisory support to upgrade infrastructure, improve reliability, and lay the groundwork for a nationwide smart grid. The company will […]
Turks and Caicos leads the Caribbean with first comprehensive tourism capacity study to drive sustainable growth
October 9, 2025
Turks and Caicos has become the first Caribbean nation to complete a comprehensive tourism capacity study, providing data-driven insight into how many visitors each island can sustain without harming the environment or local communities. Minister of Tourism Jhavargo Jolly said the study marks a shift toward evidence-based, sustainable tourism growth, ensuring development adds value rather […]
Guyana launches 217 kW solar grid bringing 24-hour power to remote indigenous village of Batavia
October 9, 2025
Guyana has inaugurated a 217.4 kW solar grid in the remote indigenous village of Batavia, providing 24-hour electricity to more than 125 homes for the first time. The US$1.4 million project includes a microgrid, a solar array, and individual home systems, developed by CNOOC Petroleum Guyana in partnership with the government. It marks the second […]