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.
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.
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.
The Inter-American Development Bank reports that climate financing increases more than 20 percent from the previous year by the world’s six largest multilateral development banks.
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.
A loan of $64 million was awarded. The facility will deliver electricity to JPS at a price of $85/MWh over 20 years.
This loan is intended to invest in the energy sector, particularly in the construction of micro-grids and prioritizing renewable technologies.
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.
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.
The Caribbean Community Climate Change Centre is looking for ways to boost the region’s access to the Green Climate Fund.
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…
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…
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…