CDB - Page 2 of 3 - New Energy Events

CABEI and other regional multilaterals commit to US$50 billion to support climate change action across LAC.
June 15, 2022
At the Summit of the Americas, CABEI and other regional multilateral organizations like the IDB, CAF, and CDB announced they will invest US$50 billion to support climate change action in the LAC region over the next five years. Source: BCIE
CDB Proposes “Financing Ecosystem” to Support its BMC Economies
February 2, 2022
The Caribbean Development Bank (CDB) considers launching a “financing ecosystem” to support its Borrowing Member Countries (BMCs) economies. The proposal includes SDR-funded resilience bonds for climate financing and other green bonds designed to meet specific Sustainable Development Goals (SDGs). Source: Market Screener
BVIEC Evaluates 19 Applications for Paraquita Bay Microgrid Project
January 17, 2022
The British Virgin Islands Electricity Corporation (BVIEC) received 19 applications from companies looking to pre-qualify for the proposal to develop a microgrid in Paraquita Bay. Submissions qualify the companies for consideration by the BVIEC to bid on future engineering, procurement, and construction services. The project will be funded with a USD 600 thousand grant provided […]
CDB report explores the Blue Economy as a regional economic driver
September 25, 2018
The ocean plays a role in the livelihood of approximately 40 percent of the world’s coastal populations, and makes a significant contribution to economic growth. However, most countries in the Caribbean region have yet to fully leverage the Blue Economy as a driver of growth, shows a study released recently by the Caribbean Development Bank […]
CDB technical assistance grant to kickstart grid modernization and energy storage
October 25, 2017
The Board of Directors of the Caribbean Development Bank (CDB) has approved a US$350,000 grant to assist utilities and relevant stakeholders across the region to develop, plan and design energy storage and grid modernisation solutions, which could accelerate the Caribbean’s shift to clean energy. The technical assistance, provided through the Canadian Support to the Energy Sector […]
Caribbean Development Bank receives EU funds to bolster geothermal industry
October 25, 2017
The Caribbean geothermal market has received an injection of EUR 12 million (14.1 million USD) from the European Union Caribbean Investment Facility (EU-CIF) to support geothermal exploration in the Eastern Caribbean. The EU-CIF will provide the EUR 12 million in grant funding to the Caribbean Development Bank via the GeoSmart Initiative. The GeoSmart Initiative was developed […]
Grenada receives grant for geothermal development
March 23, 2017
The Board of Directors of the Caribbean Development Bank (CDB) has approved a grant of US $231,630 to the Government of Grenada to build its capacity for planning and implementation of its geothermal energy development roadmap. The resources are from the Global Environment Facility through the Inter-American Development Bank’s Sustainable Energy Facility for the Eastern […]
CDB and IDB strengthen partnership
February 23, 2017
The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) have signed a memorandum of understanding (MOU) to strengthen their ongoing partnership in addressing the Caribbean’s development priorities. Through the MOU, signed at the IDB’s headquarters in Washington, D.C. on February 21, 2017, both institutions have renewed their commitment to collaborating on programmes and […]
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 […]