CARIF Market News - Page 24 of 29

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, […]
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, […]