Market Analysis & Reporting on Clean Energy in the Caribbean
Ormat Technologies recently said it agreed to acquire part of a geothermal power plant and exploration options in Guadeloupe Island in the Caribbean. The company said it will gradually purchase 85 percent of Geothermie Bouillante SA (GB) for approximately $56…
Following the launch of a major new wind farm on the island, the Jamaican government announced that it was finalizing an agreement with Eight Rivers Energy Company to build and operate a 33.1-megawatt solar facility at Paradise Park in Westmoreland. The project…
We’ve heard a lot about urgent climate action from “world leaders” in developed countries, yet actual concrete achievements have been limited. The rich world may soon be shown up by small, tropical island nations which have plenty of wind and…
The Caribbean Electricity Utility Services Corporation (CARILEC) launched a renewable energy virtual community for utility engineers and energy practitioners called the CARILEC Renewable Energy Community (CAREC). The community features informative documents and training materials, monthly technical webinars and a real-time…
North Rhine-Westphalia in Germany has partnered with The Climate Group and Stiftung Mercator to formally launch the Energy Transition Platform. The global initiative supports highly industrialized, carbon intensive state and regional governments in developing and implementing innovative clean energy policies to…
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…
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…
Premier of Nevis and Minister of Finance Hon. Vance Amory, announced the Nevis Island Administration’s (NIA) plans to establish an Energy Unit in 2016, as part of its move to commission multiple renewable energy initiatives on the island. He…
The development of renewable energy in the federation, specifically geothermal and wind, is being seen as one of the avenues for job creation that the government expects to come onstream in a meaningful way in the upcoming year. This disclosure…
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.…
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…
Wind turbine manufacturer signs turnkey contract for the construction of a 24 MW wind farm. Gamesa has signed a contract with Wigton Windfarm Limited – a subsidiary of the energy company, Petroleum Corporation of Jamaica – for the turnkey construction…
Caribbean islands situated on continental plate boundaries have shown promising geothermal potential, estimated in the region at 850 megawatt. The chart above compares current installed geothermal capacity to “announced developing capacity,” the estimated power plant capacity reported for a specific site by a…
Latin America and the Caribbean is a hotspot in low-carbon power generation. Declining costs, maturing technologies, and the sheer untapped potential for renewables offers an promising opportunity for continued development in the coming years. In particular, continuing investment in renewables will provide the…
Since 2012, the Ten Island Challenge has garnered much attention from clean energy stakeholders in the Caribbean. It is the brainchild of Richard Branson, the Carbon War Room and Christiana Figueres, Executive Director of the United Nations Framework Convention on Climate Change (UNFCCC),…
Renewable Energy Caribbean is one year old today and to celebrate we are showcasing the top renewable energy stories in the region from 2014. Thank you to all our subscribers. We have many features planned for this year so be…
