IDB - Page 4 of 8 - New Energy Events

Chile and Bolivia resume dialogue for possible electricity integration
January 5, 2022
Representatives of the Ministries of Energy of Chile and Bolivia have resumed talks to develop an electrical interconnection study, which will be financed by the Inter-American Development Bank (IDB). The geothermal industry is a potential big winner. Source: ThinkGeoEnergy
IDB closes year with nearly US$20 billion in new financing for the Caribbean and Latin America
December 28, 2021
The Inter-American Development Bank (IDB) and its private-sector arm, IDB Invest predict they will end 2021 with $19.5 billion in new investments for Latin America and the Caribbean. The financing is the second-highest annual total in the history of the organizations. The investments have helped countries start to recover from the pandemic and shift towards […]
KBR Awarded Study to Support Green Hydrogen Growth in Trinidad and Tobago
December 28, 2021
The Inter-American Development Bank is set to finance a study awarded to KBR with the objectives to establish a green hydrogen market in Trinidad and Tobago. The aim of the study is to identify development opportunities in a low carbon economy with the creation of a plan to get to Net Zero through technological innovation. […]
In controversial fight for top bank job, Trump nominee lays out his Caribbean commitment
August 20, 2020
Mauricio Claver-Carone, U.S. President Donald Trump’s candidate to take over the helm of the IDB vowed to elevate the attention given to the Caribbean. In an interview with The Miami Herald, Claver-Carone said ensuring someone from the Caribbean becomes vice president and helping middle- and higher-income Caribbean countries find more favorable financing are among his […]
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 […]
Guyana to explore its wind power generation potential
January 4, 2019
Guyana’s Ministry of Public Infrastructure has installed wind measurement stations along its coast to determine the potential of wind as a source for energy generation. “Our department has done a lot of work with solar energy over the years”, said Horace Williams, CEO of Hinterland Electricity Company Incorporated (HECI), the body undertaking this project. “We […]
Dominica to start construction on geothermal project in Q3 2019
January 3, 2019
The Government of Dominica has announced its goal to start construction of a geothermal power plant before the end of this year. The project, located in the Roseau Valley and just outside the island’s capital city, is funded by the IDB and the Caribbean Development Bank, with support from the World Bank. In March 2018, […]
Eastern Caribbean to receive financing for geothermal
December 20, 2018
The Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB) will provide over USD 85 million for geothermal development in the Eastern Caribbean. This latest financing is an expansion of the Sustainable Energy Facility programme, under which the two lenders provided a USD 71.5 million loan and grant package for the development of renewable […]
Launch of Blue Tech Challenge to fund Caribbean entrepreneurs with innovative blue economy initiatives
October 30, 2018
Businesses with projects concerning the ocean environment and marine management may receive up to USD 2 million in finding through a new initiative launched by the Inter-American Development Bank (IDB) in partnership with Compete Caribbean. The Blue Tech Challenge is an opportunity for firms using cutting-edge technology to contribute to sustainable management of marine resources. […]