CARIF Market News - Page 27 of 29

Dominica sets aside $15 million for geothermal project
November 2, 2016
Dominica is committing US$15 million for the development of a geothermal project that has been in a test phase since 2012. Although recent inclement weather has challenged the financial security of the project, the government still views the project as a priority. Part of the commitment involves a partnership with New Zealand for the development […]
Barbados Light & Power selects Landis+Gyr for advanced metering and grid management project
November 2, 2016
Barbados energy utility Barbados Light & Power (BLP) needs to address the challenge of integrating intermittent renewables and balancing load to reduce generation costs. For that reason, the utility has selected Landis+Gyr for a comprehensive smart grid technology project that includes advanced metering through Landis+Gyr’s Gridstream® AMI solution and meter data management. BLP priorities include […]
Colombia a leader in meeting (some) 2030 UN Development Goals
November 1, 2016
Colombia has taken many of the goals set by the UN 2030 agenda quite seriously, playing a key role in the formulation of priority setting of goals. The Latin American country is leading the region in reduction of violent deaths and poverty, but targets related to clean energy and reducing violence against women have yet […]
Sustaining T&T through renewable energy
November 1, 2016
The case for renewable energy in Trinidad & Tobago can be made through solar and wind resources, abundant in the region. Acting alone, the 5,131 square kilometer island cannot have much impact in global emissions, but combined with other initiatives in the Caribbean, there is potential for the country to become a leader in energy […]
“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 […]