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CREF 2024 Market News

  • IDB Lab invests in electric vehicle start-up, GoElectricTT, in Trinidad and Tobago

    February 29, 2024

    IDB Lab, the innovation arm of the IDB Group, will invest in startup GoElectricTT to introduce electric vehicles in Trinidad and Tobago. Source: IADB

  • Punta Catalina Electric Generation Company plans solar plant construction

    February 29, 2024

    The Punta Catalina Electric Generation Company (EGEPC) in the Dominican Republic, which operates two coal-fired power units totaling 720 MW, is seeking to build a 40 MWp solar plant for self-consumption. Source: PV Magazine LATAM

  • Caribbean Energy Chamber launched to address energy challenges in the region

    February 29, 2024

    The Caribbean Energy Chamber Inc. (CEC) has been launched with the aim of addressing the energy challenges in the Caribbean and prioritizing affordable net-zero energy security. CEC will serve as a non-profit, non-partisan hub to unite energy stakeholders from both public and private sectors. With headquarters in Saint Lucia, CEC will focus on critical areas […]

  • IDB supports Barbados’ sustainable development goals with US$100 million loan

    February 15, 2024

    The Inter-American Development Bank has approved a US$100 million loan for Barbados to advance its sustainable development goals by modernizing policies and regulations. Source: IADB

  • Enhancing climate resilience in Antigua and Barbuda

    February 15, 2024

    The Commonwealth Secretariat, in collaboration with the Government of Antigua and Barbuda, is moving ahead with efforts to enhance climate resilience among small and medium-sized businesses (SMEs) in the agriculture sector by facilitating improved access to funding. Source: Times Caribbean Online

  • IDB and JICA agree additional US$1bn for Cooperation for Economic Recovery and Social Inclusion (CORE) program

    February 15, 2024

    The Inter-American Development Bank Group (IDB Group) and the Japan International Cooperation Agency (JICA) have decided to boost co-financing under the Cooperation for Economic Recovery and Social Inclusion (CORE) program, benefiting Caribbean countries. The US$1 billion increase will expand the programme’s funding to US$4 billion and extends its period until December 2028. Source: Jamaica Gleaner

  • IDB Invest and JPS sign US$100 million deal to upgrade Jamaica’s power infrastructure

    February 15, 2024

    IDB Invest and Jamaica Public Service Company Limited (JPS) have signed a US$100 million financing deal aimed at bolstering JPS’ capital investment program. This funding will aid in modernizing Jamaica’s electricity grid and enhancing electricity access across the country. CIBC Caribbean joined as a co-arranger, mobilizing an additional US$50 million for the initiative. Source: IDB […]

  • The Dominican Republic inaugurates 97 MW of solar from two plants

    January 19, 2024

    The Dominican Republic started operation at two solar plants that total a capacity of 97 MW. The developer, Ecoener, plans to have five PV parks in the DR by the end of 2024. Source: Renews.biz

  • Deetken Impact awarded USAID climate grant to advance sustainable energy projects in the Caribbean

    January 19, 2024

    The Caribbean Climate Investment Program provides a US$600K grant to the newly launched Caribbean Inclusive Climate Finance Initiative to fund a comprehensive, one-stop solution to incubate, develop and finance small and medium-sized sustainable energy and clean tech projects in eligible countries. Source: Deetken Impact

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