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  • Germany will open office in Cuba for the promotion of investment and economic exchange

    November 1, 2018

    The office for the promotion of trade and investment will be inaugurated by German officials in Cuba next week. This office will serve as an information hub for German and Cuban businesses to remain updated about investment opportunities and offers on the Caribbean island. The larger aim of the project is to promote economic exchange […]

  • Blue Lagoon Iceland, Grindavík, Iceland

    Geothermal project in Montserrat secures funding for next phase

    November 1, 2018

    The United Kingdom Department for International Development (DFID) will source the funding for specialist and technical expertise for the ongoing geothermal project on the British Overseas Territory of Montserrat. Montserrat, part of the Leeward Islands, is known for its volcanic activity, a resource it has turned to its advantage through the development of this geothermal […]

  • St. Maarten resort to build improved solar energy farm

    October 31, 2018

    The Maho Group, owners and operators of St. Maarten’s Sonesta Resorts, have signed an agreement to install an updated state-of-the-art solar power park. This solar farm project will be led by China Machinery Engineering Corporation’s (CMEC) subsidiary, CMEC Dutch Caribbean. The company has built renewable energy projects around the world, and will supply the most […]

  • Report asserts economic benefits of renewable energy for Bermuda

    October 31, 2018

    The new report commissioned by the Bermuda Chamber of Commerce (BCC), ‘Innovation Island’, outlines the opportunities and innovations that lay ahead for Bermuda. The report emphasises the budding role of investments in the renewable energy sector. The report recommends Bermuda present itself as a beta site of the perfect size. A “global innovation island”, said […]

  • 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. […]

  • Honduras to have new LNG power engines project soon

    October 29, 2018

    MAN Energy Solutions has won a contract to set up a combined-heat-and-power plant in Honduras for Progressive Energy, the energy arm of the ElcaTex Group. The role of engineering, procurement and construction for the project will be led by MAN Energy Solutions, and they will also be responsible for construction of the entire plant. Whilst […]

  • CDB announces USD 106m programme for Bahamas, funding opportunities for individual clean energy projects

    October 29, 2018

    The Caribbean Development Bank (CDB) has announced it would provide USD 106.5 million to the Bahamas as part of a programme to achieve its medium-term development objectives. Dr. Justin Ram, Director of Economics at the CDB, announced the areas of focus, considered “critical to inclusive growth”, will be “provision of quality climate resilient infrastructure, energy […]

  • OECS encourages Caribbean women in green innovation

    October 26, 2018

    The Organisation of Eastern Caribbean States organised a Business Green Innovation Bootcamp in St. Lucia for thirty female entrepreneurs from the Caribbean. The aim of the workshop was to hone the skills necessary to develop and launch an environmentally sustainable business, and to engage women and talented innovators in the building of a clean resilient […]

  • Geothermal Webinar

    Geothermal projects in LAC region receive USD 15m for exploration and drilling support

    October 25, 2018

    The Geothermal Development Facility (GDF) for Latin America has awarded USD 15 million to support surface studies and exploratory drilling for seven geothermal projects in Chile, Peru, Nicaragua and Guatemala. It is expected that the funding will catalyse a further USD 1.84 billion in future investment into geothermal development in the Latin American region. The […]

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