CARIF Market News - Page 21 of 32

Renewables could help Caribbean islands become more hurricane-resilient
December 9, 2020
Solar panels connected to microgrids can come back online quickly after a storm, says Kaitlyn Bunker from the nonprofit Rocky Mountain Institute. She’s co-author of a study that shows that one way to minimize this risk is to add renewables that are connected to microgrids. These systems can operate independently from the larger grid. […]
Sovereign Pacific launches $500M Fund for the Caribbean
December 2, 2020
Sovereign Pacific Capital, an Asia wealth and asset management organization established a $500 million Sovereign Pacific Fund, in partnership with Possibility Group, for sustainable investments in St. Kitts & Nevis and the Caribbean region. Source
New Trinidad and Tobago solar project to be “largest in Caribbean”
November 5, 2020
Trinidad and Tobago’s Finance Minister, Colm Imbert said government has secured two bidders who will deliver 112 megawatts of power from renewable energy. The government is confident that once the planned solar power project is completed “it will be the largest in the Caribbean.” Source
Devastating hurricanes in Caribbean five times likelier if climate targets not met
October 5, 2020
Researchers believe the chances of a devastating storm in the Caribbean will increase five-fold if the Paris climate targets – to limit the global average temperature increase to 2C above pre-industrial levels – are not met. Source
Latin America shows supply chain resilience in a time of disruption
September 10, 2020
The most important factor that has helped companies in this region survive the coronavirus pandemic so far has been supply chain resiliency writes Ian Cartier, Vice President & Head of Digital Supply Chain and Manufacturing Solutions at SAP Latin America & the Caribbean for Forbes. Source
Colombia court order raises red flags for US$1.5bn renewables pipeline
August 20, 2020
Developer Elecnorte was ordered to halt work on two 110kV power lines in Medillin after a judge ruled that 15 indigenous communities were excluded from an obligatory prior consultation process. Source
Barbados port moves toward “green maritime hub” with hybrid/electric equipment acquisition
June 29, 2020
Kalmar, part of Cargotec, has concluded an agreement to supply Barbados Port Inc (Barbados Port) with four fully electric forklifts and two hybrid straddle carriers for use at the Port of Bridgetown. The Port of Bridgetown is a full-service seaport located in Barbados and managed by Barbados Port Inc. Its marine terminal handles all major […]
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 […]