The CARICOM Secretariat said that the Credit Risk Abatement Facility (CRAF) seeks to facilitate ease of access to credit for SMEs within the Caribbean's energy sector.
Category: Efficiency
The Caribbean Climate-Smart Accelerator
More than 40 businesses and 26 Caribbean countries have joined together in support of a $1bn project to create the world's first 'climate smart zone' and help fast track low carbon development across the region.
Energy efficiency firm expands in Jamaica
Smartcool Systems Inc. announced that the company has completed installations at 10 businesses in Jamaica.
Guyana secures deal with Japan for $17.8m in renewable energy and LED street lighting
The deal will expand the use of energy-saving street lamps; as well as, improve the efficiency of the power system in the City of Georgetown and the surrounding areas.
Three tactics for climate-resilient energy financing in the Caribbean
Across the Caribbean, three innovative finance approaches may play a role in rebuilding infrastructure to be more efficient and resilient by embracing clean energy technologies.
CCREEE to launch this year
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.
Dominican Republic to become the first all-LED island in the world
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.
Innovation lab launched in Jamaica
An innovation lab recently opened, focused on the developing clean technology companies within Jamaica and the Caribbean.
Revolution Lighting chosen for Caribbean recovery efforts
GB Energie LED, a minority, woman-owned business committed to sourcing sustainable energy solutions, announced it has signed a partnership agreement with IMPACT Construction, LLC, a minority-owned construction company located in the Virgin Islands that provides start-to-finish solutions for building and…
New Green Initiatives Take Root in Guyana
At the head of Guyana’s Essequibo River, 50 miles inland from the Atlantic Ocean, you will find the town of Bartica. Considered the gateway to Guyana’s interior, the town has a population of about 15,000 and is the launching point…
Caribbean Nations Turn to Renewable Energy
The Caribbean faces several challenges to its energy sector, which harm the region’s people and potential for economic growth. The Caribbean power generation sector receives 87 percent of its energy production from imported fossil fuels, despite the availability of solar,…
Funds secured for new Jamaica’s new LED streetlight system
The Board of Directors of the Caribbean Development Bank (CDB) has approved funding of US$25 million to replace existing streetlights in Jamaica with high efficiency light-emitting diode (LED) lamps. The funds are being provided to the Jamaica Public Service Company…
CDB approves funds to support the energy transformation in St. Vincent and the Grenadines
The Board of Directors of the Caribbean Development Bank (CDB) approved a blended financing package of US$4.2 million loan and the equivalent of US$1 million in grant resources to further support the transformation of the energy sector in St. Vincent…
Caribbean Setting Ambitious Renewable Energy Targets
Caribbean countries join a growing list of Small Island Developing States (SIDS) which have set ambitious targets to switch to renewables. In October 2016, Barbados set a new target of generating 65 percent of its power from renewable sources by…
Energy efficiency upgrades saves Jamaican business $.5 million monthly
Chase Ramson’s decision to go green has been blessing the food and household product distribution company with another kind of green — just over half a million dollars in savings per month. Two years ago, the company installed a 60 kW…
Under the Lens: The Development of RE in Latin America & Caribbean
Latin America and the Caribbean is a hotspot in low-carbon power generation. Declining costs, maturing technologies, and the sheer untapped potential for renewables offers an promising opportunity for continued development in the coming years. In particular, continuing investment in renewables will provide the…
