Snapshot of energy storage in Latin America and the Caribbean

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.

Arundo donax renewable energy project receives funding

The Caribbean Community Climate Change Centre (CCCCC) is celebrating the Caribbean’s first project preparation facility (PPF) grant with the approval of US$694,000 by the Green Climate Fund (GCF) for the Arundo donax Renewable Energy Project in Belize. The grant will…

Belize receives grant from landmark UAE-Caribbean renewable energy fund

Belize will receive a grant from he UAE-Caribbean renewable energy fund for the emPOWER Rural Electrification project (emPOWER Project). The emPOWER Project aims to provide renewable energy solutions to assist Belize in achieving universal energy access. This project plans to install 344…

Caribbean Regional Energy Efficiency Pilot Financing Facility

Belize will see the Caribbean’s first Energy Efficiency Financing Facility.  The Caribbean Community Climate Change Centre (CCCCC/5Cs) and the Development Finance Corporation (DFC) will be partnering to launch the Facility for investments in Energy Efficiency (EE) and Renewable Energy. The…

$33m readied to finance resilient infrastructure in the CARICOM

Officials from the Caribbean Development Bank (CDB) and the Agence Française de Développement (AFD) have signed an agreement to provide USD$33 million towards financing sustainable infrastructure projects in the Caribbean region. This marks the first time that CDB has accessed financing…

Energy Security a Key Issue at Recent Trade & Investment Conference

The importance of reliable and consistent energy supply in Caribbean Community (CARICOM) member states was emphasized during the deliberations at the CARICOM/CUBA/FLORIDA Trade and Investment Conference held February 10-11, 2016 in Miramar, Florida. Director of the Institute of International Relations at the…

US$15 million Japan-Caribbean Climate Change Partnership Announced

The Government of Japan and the United Nations Development Programme (UNDP) has launched the US$15 million Japan-Caribbean Climate Change Partnership (J-CCCP), in line with the Paris Agreement on Climate Change, to keep global warming below 2 degrees Celsius and to…

Central America & Caribbean To Spend $3.3 Billion On Smart Grid Infrastructure By 2025

Central America and the Caribbean will invest $3.3bn in smart grid infrastructure over the period 2015-2025. This investment will help lower the region’s high cost of electricity by incorporating renewable resources and reducing rampant electricity theft. At 19.8 cents per…

CARICOM Countries Reduce Dependency on PetroCaribe

As crude prices plunge, four Caribbean Community (CARICOM) member countries are taking steps to reduce their reliance on PetroCaribe, Venezuela’s  oil subsidy. The four countries include Guyana, Haiti, Belize and Jamaica and it is thought more will follow suit, according to…