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.
CEOs and energy leaders from Caribbean utilities recently met for the CARILEC Chief Executive Officers and Leadership Conference.
A loan of $64 million was awarded. The facility will deliver electricity to JPS at a price of $85/MWh over 20 years.
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.
Eight Rivers Energy Company Limited has commenced work on a new 37-megawatt solar energy plant, slated for completion by late 2018 or early 2019.
GreenTech Solar has won a contract to provide 10MW of renewable power to Antigua and Barbuda by retroactively fitting government buildings, hospitals, schools and car parks.
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.
Power Ledger is working with factories and regulators to help companies finance microgrid resources such as solar and battery storage using its blockchain technology.
Despite dealing with natural disasters and energy poverty, Haiti has optimistically made hard commitments to create a renewable energy economy. In September 2017, the Haitian Parliament eliminated import tariffs and duties on solar equipment and the country is positioned well for solar.
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.
An innovation lab recently opened, focused on the developing clean technology companies within Jamaica and the Caribbean.
A new 3MW Solar Farm in La Tourney, Vieux Fort is now feeding solar energy into Saint Lucia's electricity grid.
The renewable-energy project, which will feature an initial investment of about US$40 million, is expected to be completed within a year. Once operational, the installation will generate enough energy on a yearly basis to supply 10,000 households with electricity.
ABB will deliver a microgrid with integrated wind and solar resources, adding to more than 40 other similar projects the company has worked on worldwide already. ABB said it will be a “24.5MW microgrid facility and energy storage system”. It will run on the company’s ABB Ability platform, which it delivers across a range of industries to digitally connect, control and monitor systems and individual components.