Bermuda General Agency Ltd. has signed an agreement with Seabased AB to purchase two 20 MW wave energy parks in the Caribbean.
GreenTech Solar has won a contract to provide 10MW of renewable power to Antigua and Barbuda by retroactively fitting government buildings, hospitals, schools and car parks.
Two renewable energy project developers in the Dominican Republic advanced financing plans this week, securing debt for solar and wind-powered projects on the Caribbean island.
Power Ledger is working with factories and regulators to help companies finance microgrid resources such as solar and battery storage using its blockchain technology.
Despite dealing with natural disasters and energy poverty, Haiti has optimistically made hard commitments to create a renewable energy economy. In September 2017, the Haitian Parliament eliminated import tariffs and duties on solar equipment and the country is positioned well for solar.
A subsidiary of Taiwanese solar cell and module maker Neo Solar Power Corp has secured long-term financing of US$38 million for its Monte Plata solar project in the Dominican Republic.
Work has advanced toward the full operationalisation of the Caribbean Centre for Renewable Energy and Energy Efficiency by the middle of this year. This was one of the key outcomes of the special meeting of the Council for Trade and Economic Development (COTED) on Energy.
The Caribbean Community Climate Change Centre is looking for ways to boost the region’s access to the Green Climate Fund.
Climate change is a profoundly unpredictable process which makes it difficult for weather models to correctly identify which renewable energy infrastructure should be built where. Some technologies are hoping to change that.
Energy storage will play key a role in the energy transformation. The extent of the growth of battery storage will depend on both the extent of the decrease in battery storage costs and the development of regulatory regimes that reward the services that storage is capable of providing.
A leading economist is warning that a better financing model is needed if the local renewable energy sector is to thrive in the Caribbean.
In the last few years, the appetite for investing in rural electrification microgrids from commercial investors.
ImpactPPA announces today their newest renewable energy power generation project for one of Jamaica’s largest law firms, Myers, Fletcher & Gordon. The project will be managed on ImpactPPA’s blockchain financing platform, bringing together an innovative form of energy generation and energy financing.
The Dominican Republic has called for a ban on imports of fluorescent lamp and urges state institutions in the Caribbean nation to switch to more efficient LEDs.
An innovation lab recently opened, focused on the developing clean technology companies within Jamaica and the Caribbean.
The Jamaican Government's plan to divest its holdings in public companies via the stock market and is now making headway with the selection of a broker to arrange the listing of renewable energy company Wigton Windfarm Ltd.