Financing - Page 2 of 9 - New Energy Events

Risks posed to ocean health drive investment in blue economy
June 24, 2019
The Blue Economy, defined by the World Bank Group as the sustainable use of ocean resources for economic growth and improved livelihoods and jobs while preserving the health of marine and coastal ecosystem, represents global economy activity estimated between USD 3 to USD 6 million per year. Issues with ocean health which affect human activities, food […]
Trinidad and Tobago receive USD 3m for renewable energy projects
June 13, 2019
IRENA has awarded USD 3million to Trinidad and Tobago for the development of its renewable energy sector. Trinidad and Tobago successfully applied to the UAE Caribbean Renewable Energy Fund in January of this year. Two projects first developed when the country joined IRENA are currently being finalised. This shift towards renewables aims to lower the […]
OPIC delegation visits Caribbean, discusses investment in energy
May 27, 2019
President of the U.S. Government0s development finance organisation, OPIC, concludes successful visit to the Caribbean to discuss infrastructure, energy, water, and women’s economic empowerment . “By partnering with our Caribbean neighbors to advance priorities like expanding access to low-cost energy, supporting critical infrastructure, and empowering women, OPIC is working to more effectively leverage private sector […]
Solar development project in Barbados led by international partnership
May 23, 2019
MPC Capital has announced its expansion of development and investment activities in the Caribbean and Central America. The company is currently active in Jamaica, Costa Rica, Panama, Trinidad and Tobago, and Colombia. MPC Capital and Guinea Estates have partnered to lead the development of a 5MW solar project in Barbados. This project is expected to […]
Deetken Impact forms partnership with Sustainable Energy Central America to manage clean energy funds
May 3, 2019
Deetken Impact and Sustainable Energy Central America (SECA) have formed a strategic partnership for the management of two renewable energy funds, the Honduras Renewable Energy Financing Facility (H-REFF) and the Caribbean Basin Sustainable Energy Fund (together, the “Funds”), as well as future funds focused on the renewable energy sector in Latin America and the Caribbean. […]
Colombia receives USD 600m loan to improve its energy matrix
May 1, 2019
The Inter-American Development Bank has announced it will support Colombia to diversify its energy matrix, focusing on renewable energy sources, with a USD 600m loan. Renewables which will be integrated into Colombia’s energy mix will include wind, solar and biogas. The loan will be used to implement policy reforms to ensure efficient electricity supply to […]
Grant for 7 blue economy projects in the Seychelles
April 3, 2019
Seven projects in the Seychelles have received funding under the Blue Grants Fund to support the islands’ Blue Economy. The Seychelles Conservation and Climate Adaptation Trust (SeyCCAT) will be administering and distributing the USD 360 000 granted, the second grant delivered by the Fund since its launch in 2017. The trust is mandated to support […]
Grant approved for capacity-building projects in Eastern Caribbean
April 1, 2019
The Caribbean Development Bank will support the Member States of the Organisation of Eastern Caribbean States (OECS) through financing of capacity-building projects against climate change, a press release announced last week. The German International Development Agency (GIZ)’s grant of approximately €250,000 was approved for the initiative. “The grant from GIZ will help our Borrowing Member […]
Dominica geothermal project makes headway
March 27, 2019
Dominican representatives announced that following the acceptance of a financing package by the World Bank, Dominica’s geothermal project has made headway with the purchase of two 3.5MW turbine. The Senior Advisor to the Dominica Geothermal Development Company, His Excellency Dr. Vince Henderson also advised the technical plan for the development of the project was secured. […]