CARIF Market News - Page 8 of 28

IDB Invest and DFC launch new co-financing framework for Latin America and the Caribbean
May 3, 2024
IDB Invest and the United States International Development Finance Corporation (DFC) have launched a new co-financing framework to bolster collaboration on high-impact development projects across Latin America and the Caribbean. As an extension of the Americas Partnership Platform, announced by US President Joe Biden, the framework streamlines the process for providing up to US$50 million […]
Celebrating Excellence: Winners of 6th Annual CREF Industry Awards Announced
May 2, 2024
New Energy Events, hosts of the Caribbean Renewable Energy Forum (CREF), are excited to announce the seven recipients of its 6th annual CREF Industry Awards. The Awards – which recognize outstanding achievement in the Caribbean’s transition to a clean energy future – were celebrated on stage during the 16th annual CREF in Miami. The Awards […]
IDB Invest issues sustainable bonds to fund infrastructure and projects in Latin America
March 28, 2024
IDB Invest recently issued two sustainable bonds in local currency. One was valued at 2.5 billion Mexican pesos (about US$150 million) while the other was valued at 40 billion Colombian pesos (around US$10 million). The funds will be directed towards promoting inclusive financing and providing support for essential infrastructure projects in transportation, renewable energy, telecommunications, […]
Caribbean Transmission Development Company (CTDC) aims to connect DR and Puerto Rico via a submarine electrical cable
March 28, 2024
The Caribbean Transmission Development Company (CTDC) revealed that connecting the Dominican Republic with Puerto Rico via a submarine electrical cable would cost over US$1 billion. Despite challenges, the project aims to strengthen ties between the two economies and, according to CTDC, would be completed by 2030. CTDC has submitted a proposal to the federal government […]
Dominican Republic makes more strides on solar energy with new concessions and renewable targets
March 28, 2024
The Dominican Republic’s government awarded definitive concessions for two solar projects totaling 67 MWn. Empresa Generadora de Electricidad Haina (EGE Haina) secured one concession for the 48.29 MWn Girasol II park in Yaguate, San Cristóbal province, while Jambolan Solar FV obtained the other concession for the 18.4 MWn Jambolan plant in Pedro Brand, Santo Domingo […]
Sunfarming plans to construct a 50 MW agro-solar farm in the Dominican Republic
August 3, 2023
Sunfarming, a renewable energy company, is planning to construct a 50 MW agro-solar farm in the Dominican Republic. The project aims to combine solar power generation with agricultural activities, promoting sustainable development and supporting local communities. Source: Renewables Now
Antigua and Barbuda to install 15 wind turbines at existing wind farms
August 3, 2023
Antigua and Barbuda are set to install 15 wind turbines at the Parham Ridge and Sir Vivian Richards wind farms as part of the SPPARE Project. The project is a collaboration between the Department of Environment and the West Indies Oil Company, with US$15 million in financing from the Abu Dhabi Development Fund. Source: Telesurenglish
Barbados regulators order 50 MW BESS pilot in an effort to support rapid decarbonization by 2030
August 3, 2023
Regulators in Barbados ordered a 50 MW BESS pilot in an effort to reach its ambitious goal of becoming 100% renewable energy and carbon neutral economy by 2030. Source: Energy Storage
Jamaica releases its first electric vehicle policy
July 22, 2023
Jamaica has released its first electric vehicle policy, with the goal of increasing energy security, diversifying supply, and decarbonizing. The roadmap outlines plans to develop an enabling regulatory environment, deploy efficient charging infrastructure, establish guidelines related to standards and batteries, and train and engage the public. Source: BNAmericas