CARIF Market News - Page 23 of 28

Infrastructure finance giant relocating to Panama
December 6, 2016
The Inter-American Corporation for Infrastructure Financing (CIFI, http://www.cifi.com), a leader non-bank financial institution dedicated to run projects in Latin America and the Caribbean, is set to move its headquarters from Washington D.C. to Panama City. The objective of this measure is to leverage closer to the region to further boost its activity there. Since the beginning […]
New Energy Insights: Pim van der Burg, CIBC First Caribbean
December 2, 2016
New Energy Events is pleased to announce a new series of concise and incisive interviews – New Energy Insights – with leading industry players. We’ll be putting five market-critical questions to each of our interviewees over the course of a highly digestible five minute segment. We’re calling them Five-In-Five. As a warm up to next week’s Caribbean infrastructure […]
Grid upgrades and more renewables for Dominican Republic
November 30, 2016
The Dominican Republic will be getting 1250 MW of new non-oil energy and significant upgrades to the electric distribution system in the next three years. Executive VP of the Dominican Republic state energy holding company, CDEEE, Ruben Jiminez Bichara said he expects the new energy to come online, including 234 MW of wind, 172 MW […]
Guyana to build first solar farm
November 30, 2016
Guyana unveiled it will build its first solar farm next year as part of a larger national strategy to transition to renewable energy. Solar power will be an important component of the country’s larger plan to reduce spending on fossil fuel and lower carbon emissions. Plans to attract investors to Guyana include one-off tax holidays […]
Markets seek more progress on Caribbean geothermal
November 23, 2016
In a market-wide poll taken at the 2016 Caribbean Renewable Energy Forum (CREF), delegates overwhelmingly responded that islands are not acting quickly enough to develop their geothermal resource. While regional progress has been closely tracked – particularly the uptick in the past year – we have yet to see proven steam. Montserrat is digging its third well, […]
Unlocking aviation’s benefits in Latin America and Caribbean
November 23, 2016
The aviation industry in Latin America and the Caribbean (LCR) can support economic development in the region through job creation and planned infrastructure. According to the International Air Transport Association (IATA), passenger demand will more than double between the years of 2015 and 2035, thus creating 3 million jobs over that period and contributing US$204 […]
Barbados to assess Ocean Thermal potential
November 22, 2016
Barbados is taking steps to determine whether the ocean will be able to provide electricity and potable water for its citizens. Next year, Barbados will conduct a prefeasibility study to assess the potential for Ocean Thermal Energy Conversion (OTEC). Senator Darcy Boyce, Barbados Energy Minister, made the announcement at the Caribbean Water-Energy Nexus Dialogue hosted […]
Guyana Is Evidence of the Pitfalls of Chinese Aid and Investment in the Caribbean
November 22, 2016
The promises of a new-style development from the Chinese may in fact be more “gilded than gold” as evidence of this truth is found in China’s relationship with Guyana. The Caribbean has become home to many Chinese-built infrastructure projects; earlier this year Chinese workers flocked to Jamaica to complete a US$730 million mega-highway. But in […]
IRENA Report: Dynamic policies driving renewable energy growth in Latin America
November 22, 2016
Latin America hosts some of the world’s most dynamic renewable energy markets, according to IRENA. Countries in the region are endowed with renewable resources that make for unprecedented opportunities in solar, wind, hydro and geothermal energy. The rapid reduction in technology costs help to buoy the business case for renewables investment and with the right […]