CARIF Market News - Page 22 of 33

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 […]
Caribbean tourism could move away from mass market approach
May 28, 2020
Caribbean tourism, pummelled by the impact of the coronavirus, may need to move away from mass market tourism as post-COVID-19 may see fewer tourist arrivals, experts have told a webinar on the ailing industry. Caribbean Development Bank official S. Brian Samuel warned that there may not be a quick rebound in regional tourism, neither long-stay […]
Jamaica fires up first CHP plant, fuelled by LNG
March 13, 2020
New Fortress Energy began commercial operations of its gas-fired combined heat and power (CHP) plant at the Jamalco refinery in Halse Hall, Clarendon, and hailed the development as another milestone achievement in Jamaica’s transition to natural gas. “We are thrilled to announce the completion of the region’s first combined heat and power plant,” a company […]
Montserrat port development project open for procurement
February 24, 2020
The Montserrat Port Development Project has advanced to the procurement process phase, as contractors are now invited to pre-qualify for the design-build contract for the Phase 1 Development. Project Manager of the Montserrat Port Development Project, Dion Weekes said the Project has satisfied the conditions set by the Caribbean Development Bank (CDB) to advance to […]
Q&A: Quakes pose a new threat to Puerto Rico’s grid, but PREPA expects power to be restored to all customers in days

From our Editorial Team
January 10, 2020
At least 45 earthquakes shook Puerto Rico over several days in early January, leaving behind collapsed buildings and a crippled electric grid. As of publication, approximately two-thirds of the island’s 3.2 million customers remain in the dark. The temblors severely damaged Guayanilla Power Plant in the southern region, which generated more than a quarter of […]
US$1 trillion energy investment coming to LAC
November 22, 2019
Latin America and the Caribbean could see a US$1 trillion windfall in energy and infrastructure investments over the next five years, according to a senior U.S. Treasury Department official. It is expected that a portion of that funding may flow through the América Crece program, launched in 2018 to address myriad barriers to infrastructure development […]