CARIF Market News - Page 28 of 33

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 […]
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 […]