CARIF Market News

3 Takeaways from the 5th Caribbean Infrastructure Forum

From our Editorial Team

Against the backdrop of a post-pandemic recovery, Caribbean stakeholders convened on March 24-25 at the 5th Caribbean Infrastructure Forum (CARIF) around the need – and the opportunity – to finance and build the next generation of economy-boosting, resilient infrastructure. Here’s our three main takeaways. 1. Focus less on bricks & mortar, more on bits & […]

Algae cleared from Caribbean beaches can power hotels

Y.A. Maof, an Israeli company that works on environmental and waste disposal projects. After a trip in the Dominican Republic, the company found combining the algae found on the beach with organic waste in a biogas facility could enable energy generation. A pilot has been set up to evaluate the impact. Source

MPC Caribbean Clean Energy assessing impact on tariff reduction at its Costa Rican associated company, Tila Wind

Jamaica and Trinidad cross listed company MPC Caribbean Clean Energy Limited is now assessing the commercial impact of the Costa Rican light and power company reducing the tariff on energy produced by its associated renewable energy company in that country, Tila Wind Corporatión S A, which trades under the name Tilawind. Source

Can we revitalize Caribbean economies through investment in infrastructure?

From our Editorial Team

The arrival of COVID-19 on Caribbean shores threatened to unleash a double-digit recession in a region dependent on air, sea and land transport to connect and grow its economies. After all, the travel and tourism sector contributed nearly US$59 billion to the Caribbean’s gross domestic product in 2019. Over the course of a recent discussion […]

USTDA, Caribbean nations partner on energy procurement

The U.S. Trade and Development Agency launched the Caribbean Regional Energy Procurement Assistance Program  to support the development of high-quality energy infrastructure in eight Caribbean countries; Belize, Dominica, Grenada, Guyana, Jamaica, St. Lucia, St. Vincent and the Grenadines, and Suriname. The Program will deliver targeted procurement training to officials who manage energy sector investments in these […]

Trinidad and Tobago Prime Minister opens NiQuan Energy’s GTL plant

NiQuan Energy’s gas to liquids (GTL) plant at Pointe-à-Pierre has been opened by the Prime Minister of Trinidad and Tobago, Dr Keith Rowley. The plant has a nameplate capacity of 2400 bbl/d and produces high performance, low emissions energy products, GTL paraffin diesel and GTL naphtha, from natural gas. Source

Prioritizing the role of women in building clean and decarbonized economies across Latin America and the Caribbean

From our Editorial Team

Why women working in the energy sector will play a vital role in LAC’s economic recovery Even before COVID-19, the promise of full gender equality remained unfulfilled in Latin America and the Caribbean despite the fact that women in the labor force improves competitiveness. By one analysis from McKinsey & Company, published prior to the […]

5 ways to decarbonize national oil companies in Latin America and the Caribbean

By: Paola Carvajal, Javier García, Carlos Sucre and Christiaan Gischler, IDB The global hydrocarbon industry has been a long-time pillar of energy systems supplying in 2018 around 54% of global primary energy. This supply comes at a high cost in terms of carbon emissions as it accounted for 56% of the planet’s carbon dioxide emissions […]

The economics of energy transformation zeroes in on infrastructure in Antigua and Barbuda

Prime minister and minister of finance and corporate governance, Gaston Browne has undertaken energy transformation focusing on renewable energy, climate resilience, and a development fund to power Antigua and Barbuda. To facilitate such access, the government will complete the $55 million new airport on Barbuda in 2020. The estimated value of all the projects, which […]