CARIF Market News - Page 25 of 29

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 […]
Iberdrola commissions 300MW combined cycle power plant in Mexico
November 22, 2016
The 300 MW Dulces Nombres II power generation facility will boast the latest technology advances according to Iberdrola, which has commissioned the plant in the State of Nuevo León, Mexico. Technology that is more cost-effective will help the $250 million combined cycle power plant to meet the electricity demand of the region’s industrial sector while […]
Aruba Commits to 100 Percent Renewables
November 22, 2016
Among the islands of the Caribbean, Aruba stands as an example with its commitment to transition to 100 percent renewable energy by 2020. Plans include building new solar and wind farms, converting waste to energy, and working to increase energy efficiency. New strategies for efficiency are being developed to combat the high cost of energy, […]
$50m funding round opens through IRENA and Abu Dhabi fund
November 16, 2016
Opening its fifth funding round, IRENA and the Abu Dhabi Fund for Development further cements its commitment to renewable energy in developing regions, providing concessional loans for developing countries renewable energy projects. This funding round of $50 million is part of a larger $350m program to provide support to renewable energy projects endorsed by IRENA. The […]
27% renewables for Dominican Republic?
November 14, 2016
National Energy Commission (CNE) director Juan Rodriguez Nina sees renewable energy growth in the Dominican Republic to leap to more than a quarter of the national energy matrix in 2018. Adding to the two large scale plants inaugurated this year – 30MW San Pedro Bioenergy Plant and 50MW Larimar Wind Farm – Rodriguez Nina anticipates another 50MW […]
EU pledges over €70 million to Latin America and the Caribbean
November 13, 2016
The European Union has pledged over €70 to “improve the conditions of people within the Community of Latin America and Caribbean States (CELAC).” The funding is part of a €74 million sustainable development program in accordance with the “Transforming Our World: the 2030 agenda for Sustainable Development”; it intends to support a transition towards sustainable […]