CARIF Market News - Page 22 of 28

Dominican Republic identifies 1.8 GW of solar potential and looks to energy storage
July 14, 2017
The Dominican Republic has theoretically a solar potential of 50 gigawatts, according to a recent study by the International Renewable Energy Agency (IRENA). The executive director of the National Energy Commission (CNE), Juan Rodríguez Nina, has stated, however, that the real potential of the country can reach a maximum of 1.8 gigawatts. “This deviation between the […]
ExxonMobil, Eagle LNG Partners and Crowley sign LNG agreement
July 5, 2017
ExxonMobil, Eagle LNG Partners LLC (Eagle LNG Partners) and Crowley have signed an agreement to collaborate on the development of LNG as a marine fuel. The goal is to establish the storage and technical support necessary to provide safe, reliable LNG delivery for vessel operators bunkering in North America. The three companies signed a Memorandum […]
MPC Capital moves to region to expand investments in Caribbean basin
July 5, 2017
German asset and investment manager MPC Capital AG has launched a subsidiary in Panama with the goal of expanding its renewable energy activities throughout the Caribbean Basin region. Based in Panama City, Fernando Zuniga will serve as regional director for MPC Renewables Panama SA for Central America and the Caribbean. Most recently, the German company […]
Nassau’s Arawak Port receives $3m from IDB to install solar PV and efficiency upgrades
June 30, 2017
The Arawak Port in Nassau, Bahamas is set to have solar PV, LED lights, and other energy efficiency activities after signing a $3m loan from the Inter-American Investment Corporation (IIC), the private sector arm of the Inter-American Development Bank (IDB). The power generated from the solar PV system could exceed the power required for the […]
EU commits $2.5m to micro-utility Sigora Haiti
March 3, 2017
The European Commission‘s electrification financing initiative, ElectriFI, has made its first investment of US$2.5 million in clean energy micro-utility Sigora Haiti, supplying households, schools and small firms with electricity. ElectriFI received 290 proposals in response to its first call for investment in April 2016 before passing management of the €75 million fund on to the Association of European Development Finance […]
Jamaican Old Harbour plant financing takes shape
January 5, 2017
A financing package for the $300 million Old Harbour Bay power station project in St Catherine, Jamaica, approved by the National Environment and Planning Agency in March, is understood to be taking shape, IJGlobal exclusively shared last month. A syndicate of four banks is said to be participating in a financing led by local bank National […]
Antigua and Barbuda: Enormous renewables potential outlined in new IRENA report
December 30, 2016
The government of Antigua and Barbuda is committed to reducing electricity costs through renewables, as they are currently 100% reliant on imported fossil fuels. A new report from the International Renewable Energy Agency (IRENA) offers details on challenges and opportunities for the renewables sector in Antigua and Barbuda. “Antigua and Barbuda, like many Caribbean island […]
Antigua and Barbuda: £13.9m CDB funding for new roads
December 13, 2016
Antigua and Barbuda will be making a major infrastructure upgrade to two major roads with the assistance of the Caribbean Development Bank (CDB). The CDB approved a grant of £13.9 million to assist the country with the rehabilitation of two major roads, the Sir George Walter Highway and Friars Hill Road, which connect the capital of […]
Suriname investing $98m in 3 solar plants and electricity upgrades
December 12, 2016
The Caribbean Development Bank (CDB) will loan $65m to the government of Suriname, and the government and utility will contribute $33.325 to make upgrades to Suriname’s electricity grid. The Board of Directors of the Caribbean Development Bank (CDB) approved the loan which will upgrade and expand sections of the country’s transmission, sub-transmission and distribution networks, […]