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  • HDF Energy successful IPO to accelerate development in LAC region

    July 5, 2021

    HDF Energy (Hydrogène de France) has raised €132m ($156M) in a recent IPO that will help develop its first factory for utility-scale (1MW+) fuel cells using PEM technology. HDF also said that the IPO will support an acceleration in the development of HDF Energy’s power plants and continue its international expansion in addition to being […]

  • Colombia to launch road map to develop hydrogen as fuel

    July 2, 2021

    Colombia will launch plans in September to develop the production and use of hydrogen as a long-term clean energy source, the Minister of Mines and Energy said on Tuesday, while voicing hope this year’s oil and gas auction will be successful.   Source

  • A new energy sector emerges in the LAC region

    July 2, 2021

    A growing number of countries in Latin America and the Caribbean are gearing up to produce clean hydrogen, driven by their abundant renewable energy resources, the need to decarbonize their economies, and the huge potential for hydrogen exports. Just how far along is the region’s nascent hydrogen sector? A new Hydrogen Economy Index found a […]

  • Tourism-Dependent Caribbean sees signs of life on travel uptick

    July 2, 2021

    Some Caribbean nations are seeing signs of a recovery in tourism after border closures and the Covid-19 pandemic decimated their economies last year. As vaccinations increase and people eye travel, Caribbean nations stand to benefit due to their proximity to the U.S., Senior Director for Fitch Ratings Charles Seville said. Many Caribbean islands have few […]

  • Geothermal Project

    Chile’s coal phase-out: opportunities for a just transition

    June 28, 2021

    As countries around the globe make the much-needed transition to zero carbon energy, the livelihoods of millions of coal and oil workers hang in the balance. Discussions surrounding the need for a “just transition”—a framework to protect workers’ rights in the shift to a more resilient, low-carbon economy—have begun in some parts of the world […]

  • Integrate Caribbean energy services markets

    June 28, 2021

    Integration of the Caribbean energy services markets could help to make businesses more competitive and reduce costs for project development and hence, eventual prices to consumers. This should be a focus for CARICOM in the implementation of the Single Market and Economy. There has been a lot less emphasis on making sure that energy services are able to be traded […]

  • Cryptocurrencies, central banks, and the Caribbean

    June 22, 2021

    In less than three months’ time, El Salvador intends becoming the first country in the world to make Bitcoin its official currency alongside the US Dollar. The country’s President, Nayib Bukele, a populist and media savvy disruptor, says that his decision will generate employment, enable the financial inclusion of tens of thousands of the country’s […]

  • Barbados

    USAID AND CARICOM Development Fund sign an MOU to strengthen cooperation

    June 22, 2021

    The United States Agency for International Development/Eastern and Southern Caribbean Mission (USAID/ESC) and the CARICOM Development Fund (CDF) signed a Memorandum of Understanding (MOU) on Monday, June 21. The signing of the MOU occurred at the offices of the CDF in Barbados. The MOU provides a broad framework for cooperation between the two organizations and […]

  • Three geothermal power pilot projects developed in Colombia

    June 22, 2021

    In the departments of Casanare and Meta in Colombia, there are three pilot projects being developed for geothermal power generation. Developed by the companies Parex Resources and Ecopetrol, they are utilizing hot water derived from oil drilling to produce geothermal power.   Source

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