CARIF Market News - Page 9 of 28

The Caribbean Development Bank and IDB Invest have been selected as two of the recipients of the MDB Challenge Fund
July 6, 2023
The Caribbean Development Bank and IDB Invest are two of the six new recipients of the Multilateral Development Banks Challenge Fund (MDB Challenge Fund), a US$5.25 million fund launched by the Gates Foundation, Open Society Foundations, and The Rockefeller Foundation. The Caribbean Development Bank will use its grant to develop a new risk mitigation instrument […]
CAF joins Barbados Coalition for Resilient Infrastructure to support transition to a more sustainable economy
July 6, 2023
CAF has joined the Barbados Coalition for Resilient Infrastructure to support Barbados’ transition, a group of international organizations and governments that are working together to support Barbados’ transition to a more resilient and sustainable economy. CAF’s participation will focus on supporting the development of a new Blue Green Bank, helping to improve the country’s disaster […]
The Dominican Republic’s CNE grants concession to EGE Haina to build an 80 MWp solar farm
April 12, 2023
The Dominican Republic’s National Energy Commission (CNE) granted rights and permits to EGE Haina to build an 80 MWp solar farm on the island. Source: Renewables Now
Puerto Rico’s utility, LUMA, is requesting US$8.2 billion in federal investments for grid reliability projects
April 12, 2023
LUMA Energy, Puerto Rico’s utility, is seeking to upgrade Puerto Rico’s electric grid and has requested US$8.2 billion from the Federal Emergency Management Agency to support reliability initiatives. Source: Utility Dive
“The Dominican Republic will hit 600 MW in renewable energy by the end of the year “
February 1, 2023
The Dominican Republic currently has 15 renewable energy projects in development, 12 of which are currently in the construction phase with operations expected to begin by the end of 2023. These projects will bring 600 MW of clean energy to the Dominican electrical system by the end of the year. Source: Dominican Today
The Bahamas will invest US$14.2 million into the installation of a 25 MW battery energy storage system at the Baillou Hill Power Plant, along with other projects
August 24, 2022
According to Philip Davis, the Prime Minister of the Bahamas, the government will invest US$14.2 million into the installation of a 25 MW battery energy storage system at the Baillou Hill Power Plant. They also plan to invest US$35 million into the installation of solar photovoltaic systems in the Family Islands, and feasibility studies on […]
Four Trends for Caribbean Infrastructure in 2022

From our Editorial Team
August 24, 2022
In the wake of the Covid crisis, and against a challenging geopolitical backdrop, discussions in the upcoming Caribbean Infrastructure Forum (CARIF) will focus on what’s driving decision-making across the infrastructure space. What are key stakeholders prioritizing in their approaches to planning and investment? What trends are emerging in response to local needs and dynamics? What […]
France will help accelerate Cuba’s renewable energy development
July 13, 2022
Cuba’s minister of energy and mining, Livan Arronte and the French Ambassador to Cuba, Patrice Paoli, signed a letter of intent to accelerate the development of renewable energy on the island. Source: Renewables Now
The Dominican Republic’s Energy Commision granted a concession to renewables sponsor Energia Renovable BAS SRL for the construction of a solar park
July 13, 2022
The Dominican Republic’s Energy Commission (CNE) agreed to grant a definitive concession to renewables sponsor Energia Renovable BAS SRL to construct the 50-MW/73.2-MWp Washington Capital Solar Park 3. The concession is for 25 years, and the firm will invest US$80 million into the project. Source: Renewables Now