CARIF Market Updates - Page 2 of 3

Bermuda’s new IRP could mean 85% renewables by 2035
July 30, 2019
This week, Bermuda released its first Integrated Resource Plan (IRP). The IRP would lead to 85% renewables on the grid by 2035 – more than double the Electricity Policy target of 38% renewables. The IRP specifies renewable energy sources that could meet the future load, including solar PV, offshore wind, and biomass. Feasibility studies for […]
Jamaica adds USD 1 billion LNG terminal
July 23, 2019
A new floating Liquid Natural Gas (LNG) terminal off the coast of Jamaica has placed the country “on track” to meet its energy mix target of 50% of energy sources from renewables or cleaner fuels. The terminal was unveiled at a ceremony last week, attended by Jamaica’s Prime Minister Andrew Holness. “We are demonstrating that […]
Solar and wind prices in Caribbean showing steady decline
July 5, 2017
The Caribbean renewable energy sector continues to grow as offtakers take advantage of declining prices, the region’s abundance of renewable resources, and ambitious governmental policies that seek to promote the uptake of renewable energy and the phase out of fossil fuel usage. Data for completed utility-scale solar and wind projects in the Caribbean display a […]
Puerto Rico utility PREPA files for bankruptcy
July 5, 2017
The Puerto Rico power utility PREPA, ladden with a $9 billion debt load, has filed for a form of bankruptcy, Puerto Rico’s primary fiscal agent said on Sunday. The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) said PREPA power had filed in the United States District Court of Puerto Rico for protection under […]
2016 brings $33M in AFD investment in Caribbean infrastructure
October 28, 2016
Earlier this year, the Caribbean Development Bank (CDB) and Agence Française de Developpement (AFD) signed an agreement under which the latter will provide $33 million of financing in sustainable infrastructure projects in the Caribbean region. The agreement, announced 23 August, was signed in July at CDB’s Barbados headquarters by the French Ambassador to the Organisation […]
WRB plans 30MW solar C&I programme
October 27, 2016
Florida-based WRB is planning to deploy 30MW of commercial and industrial rooftop solar across Jamaica beginning as early as 2017. The company is planning to implement a permanent programme aimed at installing 5MW to 3MW rooftop systems for C&I customers. The nascent initiative is in the planning stages and would seek to deploy systems reflecting […]
In 2016, Cuba sets ambitious renewables target
October 27, 2016
September, 2016 The Cuban government has outlined plans to vastly increase renewable power generation in the country in an attempt to reduce its dependence on energy imports. Earlier this year, these plans were outlined at IJGlobal and New Energy Events’ inaugural Cuba Energy & Infrastructure Summit in Havana. Now that trade embargoes imposed by the […]
Jamaican National Water Commission initiated solar tender
October 27, 2016
Earlier this year, the National Water Commission (NWC) of Jamaica initiated a procurement for delivery of solar PV systems from international bidders in order to reduce its dependency on fossil fuels. A pre-qualification round was initiated on 22 August, through which international private, public and government-owned entities were invited to apply. Government-owned entities were required, however, […]
Jamaica to relaunch Norman Manley International Airport PPP
October 27, 2016
The government of Jamaica is planning to relaunch the tender to seek a private sector partner for the long-term PPP concession project to redevelop the Norman Manley International Airport. The government plans to re-issue a fresh formal request for qualifications in December 2016, according to a statement released by the International Finance Corporation (IFC) on 25 October. The IFC […]