Jamaica Gets First Grant Under US Clean Energy Finance Facility

The United States Agency for International Development (USAID) has awarded the first grant through the Clean Energy Finance Facility for the Caribbean and Central America (CEFF-CCA), to help develop a 37 megawatt solar farm in Westmoreland. CEFF-CCA will provide support…

Boosting Caribbean competitiveness by strengthening regional partnerships

A regional organization says the European Union (EU) plans to boost Caribbean competitiveness by strengthening regional partnerships. On Saturday, the Guadeloupe-based STC INTERREG Caraïbes said that INTERREG V Caribbean, a multimillion dollar EU-funded programme to strengthen regional partnerships, will be…

$33m readied to finance resilient infrastructure in the CARICOM

Officials from the Caribbean Development Bank (CDB) and the Agence Française de Développement (AFD) have signed an agreement to provide USD$33 million towards financing sustainable infrastructure projects in the Caribbean region. This marks the first time that CDB has accessed financing…

New rules for Barbados RE producers

Producers of electricity from renewable energy sources can now sell more power to the Barbados Light & Power Company (BL&P) under the Renewable Energy Rider (RER) programme at a fixed rate. Additionally, in announcing its decision today, the Fair Trading…

Renewable Energy Community Launched

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…

Energy Transition Platform

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…

Biofuel manufacturer to invest US$95 million in Jamaican plant

As renewable energy demands increase globally, bio-fuel developer Benchmark Renewable Energy LLC has officially announced plans to develop a large-scale bio-ethanol operation in Jamaica. The company has confirmed that the project will include the development of an advanced bio-ethanol plant…

Energy Security a Key Issue at Recent Trade & Investment Conference

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…

4 MW wind and solar project announced in Antigua and Barbuda

Four renewable energy projects set to be developed in Africa and the Caribbean have been awarded $46 million in funding. The International Renewable Energy Agency (IRENA), in partnership with the Abu Dhabi Fund for Development (ADFD), announced on Sunday $46…

New Energy Unit for Nevis Island

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…

St. Kitts & Nevis Government expects renewable energy projects to take off in 2016

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…

Jamaica set for first utility-scale solar PV power plant

The US Overseas Private Investment Corporation has agreed to finance Jamaica’s first utility-scale solar PV power plant. A 20 MW solar PV project under development in Clarendon, Jamaica, has secured $47 million in debt financing under the US Government’s Caribbean Energy Security Initiative.…

Central America & Caribbean To Spend $3.3 Billion On Smart Grid Infrastructure By 2025

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…

Caribbean Investment: Creating the Right Incentives

Reflecting the azure skies of the Caribbean, solar panels on private houses, hotels and businesses are an increasingly common sight across all the islands. Many Caribbean customers are seeking a degree of energy independence, which is not surprising given that…

$300 Million Fund For Caribbean Solar Power Projects

Singapore-based investment firm Mercurius Capital plans to launch a private equity fund for Caribbean solar. Through the Caribbean Solar Power Investment PE fund, Mercurius Capital plans to raise $300 million to finance 100 to 150 MW of solar power capacity in Caribbean countries.…