Part of a large-scale inter-island project, part of the European Interreg Caribbean Programme 2014-2020.
Tag: Funding
$34.5mn confirmed in grants under UAE-Caribbean Renewable Energy Fund
UAE is proceeding with grants totalling US$34.5 million to fund renewable energy projects in the Caribbean building on $15mn of projects announced last year.
New CARICOM-led credit risk initiative announced
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.
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.
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.
Climate finance increased more than 20 percent from last year
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.
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.
Paradise Park solar farm in Jamaica reaches financing milestone
A loan of $64 million was awarded. The facility will deliver electricity to JPS at a price of $85/MWh over 20 years.
Haiti receives $150 million to electrify the whole country
This loan is intended to invest in the energy sector, particularly in the construction of micro-grids and prioritizing renewable technologies.
DomRep solar, wind opportunities take shape
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.
Neo Solar secures long-term financing for Dominican Republic project
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.
Caribbean eyes untapped potential of the world’s largest climate fund
The Caribbean Community Climate Change Centre is looking for ways to boost the region’s access to the Green Climate Fund.
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…
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…
