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Industry Analysis

  • CDB explores integrated logistics and transportation system for infrastructure in the region

    June 29, 2022

    The Caribbean Development Bank is looking to develop infrastructures in the region, such as ports, roadways, farms, storage, warehousing, and standards, with an integrated logistics and transportation system that can provide for the seamless movement of goods and services. Source: Caribbean National Weekly 

  • Nordex receives a 370 MW turbine order from Celsia for wind farms in Colombia

    June 29, 2022

    Nordex received a turbine order for 63 wind turbines with a total capacity of 370 MW from energy company Celsia for three wind farms in Colombia. The order also includes a five-year maintenance agreement. Source: Renews Biz 

  • Montserrat officially begins the first phase of construction for the US$46 million Montserrat Port Development Project

    June 29, 2022

    Montserrat broke ground on the US$46 million Montserrat Port Development Project, financed with a US$36 million in grant funding by the UK aid through the United Kingdom Caribbean Infrastructure Fund (UKCIF), administered by the Caribbean Development Bank, and US$9.2 million from the Montserrat government. The new port will increase accessibility and improve trade opportunities for […]

  • Dominica strengthens their hurricane preparedness by constructing emergency shelters and educating vulnerable communities

    June 29, 2022

    Dominica is strengthening their hurricane preparedness by constructing emergency shelters, training members in vulnerable communities, and creating awareness with educational classes on ways to safeguard against extreme weather. Source: Associate Times

  • According to the IDB, Latin America and the Caribbean can gain an additional US$78 billion in annual exports though nearshoring

    June 29, 2022

    According to the Inter-American Development Bank Latin America and the Caribbean could add US$78 billion annually in additional exports of goods and services by using nearshoring. Source: Breaking Belize News

  • Bahamas based digial asset firm GEM Digital Limited invests US$110 million into blockchain-powered renewable energy frontrunner

    June 29, 2022

    GEM Digital Limited, a digital asset firm based in the Bahamas invested US$110 million in EcoWatt (EWT), a token backed by renewable energy and reforestation projects. Source: Coin Telegraph 

  • Study finds the number of hydrogen vehicles globally will increase to one million by 2027

    June 29, 2022

    A new study conducted by Juniper Research found that the number of hydrogen vehicles globally will increase from 60,000 in 2022 to over one million by 2027. Source: Renewable Energy Magazine 

  • Mirova acquires SunFunder and plans to launch a solar energy debt financing fund

    June 29, 2022

    Mirova recently acquired a renewable energy projects finance company, SunFunder, and plans to launch a US$500 million solar energy debt financing fund to target about 70 projects in Africa, Asia, and Latin America. Source: Real Assets

  • Colombia’s new president commits to keeping fossil fuels in the ground

    June 29, 2022

    The new Colombian president, Gustavo Petro committed to not granting new licenses for hydrocarbon exploration, and halted all pilot fracking projects, and the development of offshore fossil fuels. Source: Climate Change News

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