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.
Burdened by a costly dependence on imported fuel for energy, many Caribbean islands are considering boosting the number of electric vehicles on their roads.
If there is a silver lining to the trauma of a blanket power outage amid a humanitarian crisis, it is the growing urgency of bolstering the electricity grid with renewable energy.
Government plans to revitalize its utility sector with greater inclusion of renewable energy including solar and wind power.
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.
CEOs and energy leaders from Caribbean utilities recently met for the CARILEC Chief Executive Officers and Leadership Conference.
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.
Puerto Rico is pursuing large-scale solar as a part of its reconstruction of its energy infrastructure.
This loan is intended to invest in the energy sector, particularly in the construction of micro-grids and prioritizing renewable technologies.
Climate change is a profoundly unpredictable process which makes it difficult for weather models to correctly identify which renewable energy infrastructure should be built where. Some technologies are hoping to change that.
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.
In order to understand Puerto Rico’s process of rewiring, one must also understand its complex history of privatized utilities.
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.
Recent hurricanes have left unprecedented devastation across the Caribbean and it is a traumatic time for all those who live in the region. Whole communities and towns have been decimated, and the global community needs to act quickly and give…
Photovoltaics systems withstood the hurricane in the Caribbean better than many buildings. Now they are an important element in rebuilding the infrastructure. When hurricane Maria made landfall on the southeast coast of Puerto Rico on 20th September, the Humacao solar…
The devastating impacts of Hurricane Irma and Maria on energy systems in Puerto Rico and elsewhere in the Caribbean highlight an energy security problem that has been lurking for decades. Massive damage to centralized grids will mean that many of…