CARIF Market News - Page 26 of 28

“More Than 80% Now Have Power,” says BPL
November 1, 2016
Bahamas Power and Light (BPL) authority says that over 80% of the more than 5,000 residential customers of New Providence have had electricity restored. Two teams each from PowerSecure and Caribbean Electricity Utility Services Corporation (CARILEC) are working with local contractors and aim for a “full-restoration” by the end of the week. Significant progress has […]
Investing in Haiti: The market weighs in
November 1, 2016
Would a strong regulatory framework encourage private sector money to flow into Haiti’s renewable energy sector? Should rural mini grids be a greater target area for investment? If the views of potential investors in attendance at last week’s Caribbean Renewable Energy Forum (CREF) 2016 are any indication, then the answer would be a resounding yes. […]
Government of Haiti to select bidder for port PPP
October 28, 2016
In July of this year, the government of Haiti issued a request for qualifications (RFQ) seeking private sector operators for the Cap Haitien Port PPP project. The government plans to name a preferred bidder in December 2016 and achieve financial close by late January 2017. The proposed project entails the lease, management, operation and maintenance of the international […]
Caribbean innovators urged to take advantage of World Bank funding project
October 11, 2016
The Caribbean Climate Innovation Center (CCIC) and the World Bank’s Entrepreneurship Programme for Innovation in the Caribbean (EPIC) encourage entrepreneurs in the Caribbean to access funding for projects involving energy and mobile innovations. Areas of interest include clean technologies in energy, water, agriculture, and transport; the initiative is designed to help local innovators access opportunities […]
Suriname to invest US$1.287 billion in energy and infrastructure
October 4, 2016
While still in recovery from a deep balance of payment crisis in 2015, Suriname will now receive a US$1.8 billion soft loan from the Islamic Development Bank (IsDB) and invest $1.287 billion to finance a series of more than 40 projects in energy and infrastructure. As part of the “Framework for the Stabilization and Restoration […]
Winds of change slow to reach Caribbean’s renewable energy landscape
October 4, 2016
A paper published in the current issue of the journal Energy Policy examines the causes behind the slow pace of renewable energy development in the Caribbean. Harrie Vredenburg and colleagues surveyed 36 political jurisdictions in the Caribbean to assess factors that promote and restrict initiatives for greener energy generation. One outcome explained that incumbent electric […]
Caribbean islands receive training on climate-friendly cooling
October 3, 2016
Workshops hosted by the CARICOM Secretariat, in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), are making an effort to reduce the amount of energy used in the Caribbean cooling sector. Dual training programs attracted over 50 policymakers and financial and private sector representatives from 15 Caribbean islands for sessions that ranged from policy (Nationally […]
Energy to create wealth: In Barbados, chances to earn from greener sources growing
October 3, 2016
Barbadians will now have the opportunity to become small power providers to the national grid. A July 13th decision by the Fair Trading Commission (FTC) to review the Renewable Energy Rider (RER) has facilitated wealth creation at the lowest-income level. Shifts in rate structure and the amount of energy that individuals and companies could invest […]
Grenada wants more funds for sustainable development
September 27, 2016
Grenada is urging world leaders and the leaders of Small Island Developing States (SIDS) to contribute more funds to fill the gap needed to reach the targets of the SDGs. Foreign Affairs Minister Elvin Nimrod explained three structural problems that inhibit climate action for Caribbean and the Pacific, nations that he said must be the […]