CARIF Market News - Page 6 of 29

Saint Kitts and Nevis launches renewable energy project to power Basseterre Deep Water Port
November 7, 2024
The Government of Saint Kitts and Nevis has launched a renewable energy project to power the Basseterre Deep Water Port, aligning with its Sustainable Island State Agenda. The initiative, led by SYG TECH, will implement a renewable energy-powered microgrid featuring innovative Vertical Axis Wind Turbine technology, designed to withstand the region’s harsh weather conditions. Source: […]
Bahamas Prime Minister calls for new partnerships to strengthen aviation in Latin America and the Caribbean
November 7, 2024
Prime Minister Phillip Davis of the Bahamas emphasized the need for new partnerships to shape the future of aviation in Latin America and the Caribbean during the opening of the Latin American & Caribbean Air Transport Association (ALTA) Forum. He highlighted the launch of the Bahamas’ National Aviation Strategic Plan, which aims to build a […]
World Bank approves US$63 million for hurricane Beryl recovery in St. Vincent and the Grenadines
October 24, 2024
The World Bank’s Board of Executive Directors has approved US$63 million in financing to support recovery efforts in St. Vincent and the Grenadines after Hurricane Beryl devastated the region in July 2024. Source: Mirage News
Jacobs selected for consulting services at Luis Muñoz Marín International Airport in Puerto Rico
October 24, 2024
Jacobs has been selected by Aerostar Airport Holdings to provide architecture and engineering consulting services for capital improvements at Luis Muñoz Marín International Airport (SJU) in San Juan, Puerto Rico. The program aims to enhance infrastructure to meet increasing passenger and aircraft traffic demands while addressing future climate change impacts Source: Jacobs
Ecoener secures concession for 60MWp solar PV project with battery storage in the Dominican Republic
October 24, 2024
Spanish renewable energy developer Ecoener has received approval from the Dominican Republic government to build the 60MWp Payita 2 solar PV project in Nagua, which will include a 15MW/60MWh battery energy storage system. Source: PV Tech
Dominica secures US$38.9 million loan for new transmission system
October 24, 2024
Dominica has secured a US$38.9 million loan to build a new transmission system, a key step towards advancing resilience and sustainability. Source: WriteUps24
Cuba faces fourth major blackout in 48 hours amid severe infrastructure crisis
October 24, 2024
Cuba’s electrical grid suffered its fourth collapse in 48 hours, leaving millions without power amid ongoing shortages of food, fuel, and medicine. The outages, following weeks of rolling blackouts, triggered small protests across the island. The crisis began when Cuba’s largest power plant shut down, and efforts to restore power have been hampered by a […]
DOE finalizes US$861 million loan guarantee for Puerto Rico’s largest solar and battery storage project
October 24, 2024
The U.S. Department of Energy (DOE) has finalized an US$861 million loan guarantee for Puerto Rico’s largest solar and battery storage project, Project Marahu. The initiative will include two solar-plus-storage facilities and two standalone battery systems, providing 200 MW of solar capacity and 285 MW of battery storage. Source: Canary Media
St. Kitts and Nevis commissions 6 MW rental power plant for grid stability amid infrastructure upgrades
October 10, 2024
The government of St. Kitts and Nevis has commissioned a six-megawatt rental power plant to stabilize the national grid during critical infrastructure upgrades by the St Kitts Electricity Company (SKELEC). This initiative is part of a larger plan that includes securing US$40 million in concessional funding from the Saudi Fund for Development for an 18MW […]