Growing presence of geothermal in the Eastern Caribbean

The islands of the Eastern Caribbean are renowned for their natural beauty and rich culture. But the volcanic origin of these islands has not only created breathtaking scenery, it could soon provide the solution to the region’s quest for clean,…

VINLEC to build first solar-battery storage microgrid in the Grenadines

CEO of St. Vincent Electricity Services Limited (VINLEC) and a Curacao solar energy firm, EcoEnergy, N.V. have signed a contract to start the engineering, procurement, and construction for the utility’s first solar battery storage microgrid., located on the island of…

Geothermal Risk Mitigation Programme launched for the Eastern Caribbean

The Commissioner in charge of International Cooperation and Development, Neven Mimica and the President of the Caribbean Development Bank, Dr. Wm. Warren Smith, announced the formalisation of an EU grant contribution to the Geothermal Risk Mitigation Programme for the Eastern…

Caribbean Investment Forum puts resilience into sharp focus

Urgent investment into infrastructure more resilient to climate change is needed to allow Caribbean island nations to achieve their clean energy, sustainable development plans, a high-level meeting of representatives from Caribbean governments, development partners and regional organizations in Saint Lucia…

CDB approves funds to support the energy transformation in St. Vincent and the Grenadines

The Board of Directors of the Caribbean Development Bank (CDB) approved a blended financing package of US$4.2 million loan and the equivalent of US$1 million in grant resources to further support the transformation of the energy sector in St. Vincent…

Caribbean Setting Ambitious Renewable Energy Targets

Caribbean countries join a growing list of Small Island Developing States (SIDS) which have set ambitious targets to switch to renewables. In October 2016, Barbados set a new target of generating 65 percent of its power from renewable sources by…

$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…

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…

US$15 million Japan-Caribbean Climate Change Partnership Announced

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…

New Sustainable Energy Facility for Eastern Caribbean

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.…