The Caribbean Development Bank has announced that it will provide USD$16 million in funding to DOMLEC to assist with the restoration of electricity generation services.
Tag: Dominica
Energy storage as a tool for resiliency
A high dependency on imported fossil fuels can increase a country’s vulnerability to poor electricity access, following extreme weather events. With around 87% of energy consumed in the Caribbean region coming from imported fossil fuels, this dependency increases the risk…
Growing presence of geothermal in the Eastern Caribbean
The islands of the Eastern Caribbean are renowned for their natural beauty and rich culture. But the volcanic origin of these islands has not only created breathtaking scenery, it could soon provide the solution to the region’s quest for clean,…
The role of geothermal in the Caribbean’s energy future
The Caribbean is one of the world’s largest untapped sources of renewable energy, with huge solar, wind, geothermal and marine energy potential. Despite this, most Caribbean nations still use imported diesel or oil to generate more than 90% of their…
Geothermal Risk Mitigation Programme launched for the Eastern Caribbean
The Commissioner in charge of International Cooperation and Development, Neven Mimica and the President of the Caribbean Development Bank, Dr. Wm. Warren Smith, announced the formalisation of an EU grant contribution to the Geothermal Risk Mitigation Programme for the Eastern…
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,…
Markets seek more progress on Caribbean geothermal
In a market-wide poll taken at the 2016 Caribbean Renewable Energy Forum (CREF), delegates overwhelmingly responded that islands are not acting quickly enough to develop their geothermal resource. While regional progress has been closely tracked – particularly the uptick in the past…
$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…
Geothermal development in Dominica delayed
The geothermal project in Dominica has been pushed-back but not abandoned, said Hon Minister for Energy, Ian Douglas, in a statement explaining that the government’s priority has shifted to find housing for those displaced by Tropical Storm Erika. The Minister…
New Sustainable Energy Facility for Eastern Caribbean
The Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB) have signed off on the Sustainable Energy Facility, a US$71.5 million loan and grant package that will fund renewable energy and institutional capacity projects in six Eastern Caribbean countries.…
