CARIF Market News - Page 21 of 29

St. Kitts and Nevis’ new solar-plus-storage project will cover 25% of its energy demand
August 9, 2019
St. Kitts and Nevis will add a utility-scale solar and storage plant to meet one quarter of its electricity needs. The 35.6MW solar park and 44.2MWh battery storage facility will be built and operated by Leclanché, a Swiss firm acting as EPC contractor. This project is an example of the bold thinking and actions being undertaken […]
Bermuda’s new IRP could mean 85% renewables by 2035
July 30, 2019
This week, Bermuda released its first Integrated Resource Plan (IRP). The IRP would lead to 85% renewables on the grid by 2035 – more than double the Electricity Policy target of 38% renewables. The IRP specifies renewable energy sources that could meet the future load, including solar PV, offshore wind, and biomass. Feasibility studies for […]
Jamaica adds USD 1 billion LNG terminal
July 23, 2019
A new floating Liquid Natural Gas (LNG) terminal off the coast of Jamaica has placed the country “on track” to meet its energy mix target of 50% of energy sources from renewables or cleaner fuels. The terminal was unveiled at a ceremony last week, attended by Jamaica’s Prime Minister Andrew Holness. “We are demonstrating that […]
Drilling in St. Vincent and the Grenadines confirms potential for geothermal energy
July 17, 2019
St. Vincent and the Grenadines has suitable conditions of temperature and permeability at 2500 metres below ground to generate geothermal energy, a new report has confirmed. Exploratory drilling in La Soufrière started two months ago, and this week’s report brings positive results from this exploration phase. At 2500 meters, the temperature was more than 250 […]
Exploratory drilling starts for geothermal project in St. Vincent and the Grenadines
May 14, 2019
Icelandic firm representatives and St. Vincent and the Grenadines representatives met at a ceremony to mark the official commencement of the drilling for a geothermal project on the island. The National Geothermal Project will include four wells, which will provide between 10MW to 20MW of electricity generation. The drilling is expected to be completed by […]
Proposed law would enable Puerto Rico, USVI to build offshore wind
September 7, 2018
A bill that would enable U.S. territories to build offshore windfarms has been approved by the Committee on Natural Resources and moved to the full House of Representatives for consideration. All members of Congress representing U.S. territories have voiced their support for the bill. Tim Charters, of the National Ocean Industries Association (NOIA) called the […]
Montserrat advances port development project
August 28, 2018
Monserrat has embarked on the final step of the procurement process for a £21 million port development project. The Ministry of Communications, Works, Energy and Labour held a tender meeting for the five shortlisted companies who are bidding to supervise and provide and technical consultancy. Four companies attended the meeting, including IMC Worldwide Ltd (UK); Stantech […]
CDB adds Dominica to climate resilient roads initiative
August 16, 2018
The Caribbean Development Bank (CDB) has expanded its road transport project to include Dominica, following the devastation caused by Hurricane Maria last year. The project, which includes Guyana, Suriname, and now Dominica aims to provide road infrastructure that is resilient to natural hazards and climate change impacts. The CDB will conduct a study on approaches […]
Caribbean shifts attention to aviation sector
August 7, 2018
The Caribbean Development Bank (CDB) president, Dr. Warren Smith, is calling for a reform in the aviation industry in the region. The reform, he stated, should aim to improve the connectivity to be convenient, flexible and reasonably priced. The reform will demand a significant change in policies and actions by regional governments to reduce taxes […]