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Industry Analysis

  • Nassau Cruise Port plans US$35 million waterpark to enhance family-friendly amenities and attractions

    July 19, 2024

    The Nassau Cruise Port plans to build a US$35 million waterpark complex to offer more family-friendly amenities and differentiate itself from other port facilities in the Caribbean. Source: Travel Weekly

  • Construction of waterfront condo commences in Grand Cayman

    July 19, 2024

    Construction of a waterfront condo project, Catalina Bay, is now underway in Grand Cayman’s North Sound. Source: CaribJournal

  • Caribbean launches SIDS 2.0 initiative to transform small island developing states into digital states

    July 19, 2024

    The Caribbean is launching the SIDS 2.0 initiative to transform Small Island Developing States (SIDS) into Small Island Digital States. This project aims to accelerate digital integration and innovation by creating a collaborative framework. The initiative includes self-assessments, action plans, and prioritizing interventions. Source: UNDP

  • IDB Invest considers equity investment in Caribbean community resilience fund

    July 19, 2024

    IDB Invest is considering an equity investment of up to US$5 million in the Caribbean Community Resilience Fund (CCRF), managed by Sygnus Capital Ltd. The fund targets US$100 million to US$135 million and aims to enhance economic resilience and support climate projects in the Caribbean. Source: IDB Invest

  • St. Kitts and Nevis launches ‘SKN-100’ project for rapid energy sector decarbonisation

    July 19, 2024

    St. Kitts and Nevis (SKN) has launched the ‘SKN-100’ project, funded by the Global Environment Facility (GEF), aimed at achieving 100% renewable electricity and high energy efficiency in public buildings within three years. Managed by the United Nations Environment Programme (UNEP) and executed by the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) in […]

  • YPF Luz Announces 200 MW PV solar park in Argentina

    July 19, 2024

    YPF Luz is set to construct the El Quemado 1 photovoltaic solar park in Las Heras, Mendoza province in Argentina. This project will have an initial capacity of 200 MW. The estimated investment for the first stage is US$170 million. Source: PV Magazine LATAM

  • Chilean Solar Energy Association proposes plan to boost distributed generation and energy cooperatives

    July 19, 2024

    The Chilean Solar Energy Association (Acesol) has submitted a plan to Chile’s Ministry of Energy aimed at boosting distributed generation and stimulating energy cooperatives. The plan outlines five key areas of focus for 2024-2026 including electrical infrastructure, property layout, education and association, regulation, and equal access. Source: PV Magazine LATAM

  • Ecuador tenders for consultants for geothermal power plant project at Chachimbiro Site

    July 19, 2024

    The Ecuadorian Government, through the Electric Corporation of Ecuador (CELEC), has issued an invitation for Expressions of Interest (EOI) and financial proposals for consulting services related to the construction of a geothermal power plant at the Chachimbiro site. Source: ThinkGeoEnergy

  • Brazil’s Chamber of Deputies approves bill promoting green hydrogen

    July 19, 2024

    The Chamber of Deputies in Brazil approved a bill promoting investment in low-carbon hydrogen. The approved text includes up to US$3.2 billion in tax incentives and expands eligibility to include hydroelectric plants and agribusiness. Source: BNAmericas

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