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.
The Jamaican Government's plan to divest its holdings in public companies via the stock market and is now making headway with the selection of a broker to arrange the listing of renewable energy company Wigton Windfarm Ltd.
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.
The Caribbean Community Climate Change Centre (CCCCC) is celebrating the Caribbean’s first project preparation facility (PPF) grant with the approval of US$694,000 by the Green Climate Fund (GCF) for the Arundo donax Renewable Energy Project in Belize. The grant will…
The Caribbean is one of the world’s largest untapped sources of renewable energy, with huge solar, wind, geothermal and marine energy potential. Despite this, most Caribbean nations still use imported diesel or oil to generate more than 90% of their…