The 7 MW geothermal power plant will receive support from both the International Development Association and the Clean Technology 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.
Lessons from the devastating 2017 hurricane season and how Caribbean nations are strengthening their climate change resilience.
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 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.
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.
Work has advanced toward the full operationalisation of the Caribbean Centre for Renewable Energy and Energy Efficiency by the middle of this year. This was one of the key outcomes of the special meeting of the Council for Trade and Economic Development (COTED) on Energy.
The Caribbean Community Climate Change Centre is looking for ways to boost the region’s access to the Green Climate Fund.
A leading economist is warning that a better financing model is needed if the local renewable energy sector is to thrive in the Caribbean.
In the last few years, the appetite for investing in rural electrification microgrids from commercial investors.
ImpactPPA announces today their newest renewable energy power generation project for one of Jamaica’s largest law firms, Myers, Fletcher & Gordon. The project will be managed on ImpactPPA’s blockchain financing platform, bringing together an innovative form of energy generation and energy financing.
An innovation lab recently opened, focused on the developing clean technology companies within Jamaica and the Caribbean.