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Local Firm Inks $20M Renewable Energy Deal with Antigua and Barbuda GOV’T

Local firm GreenTech Solar signs a contract with the government of Antigua and Barbuda to deliver a 10 MW solar, wind, and energy storage system.   GreenTech’s James Whittaker posed for photographs with Antigua and Barbuda’s Environment Minister Molwyn Joseph after a signing ceremony Tuesday.   Worth more than $20 million US, the deal...

DomRep Solar, Wind Opportunities Take Shape

  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.   Taiwanese General Energy Solutions, or GES, secured $38m in 15-year debt from development banks DEG and FMO, according to a source familiar with the project.   Proceeds the...

Exclusive Interview | IRENA | Renewable Energy Project Finance

  Exclusive interview with Seleha Lockwood, Programme Manager, International Renewable Energy Agency (IRENA), an African Utility Week event partner.   “Accessing funding for replicable, scalable and transformative renewable energy projects through the IRENA/ADFD Facility.”    Ms Lockwood will address the Finance & Investment conference on the IRENA/ADFD Facility, while IRENA is also hosting a briefing...

Saint Lucia’s Energy Transition Strategy

In 2014, the Government of Saint Lucia announced refined energy targets, setting a renewable energy penetration target of 35 percent, and an energy efficiency target of 20 percent reduction in consumption in the public sector, both to be achieved by 2020.   To reach energy and climate goals while ensuring cost-effectiveness, a...

Think the Gulf’s Only Energy Export is Oil? Think Again

When Majid Al-Suwaidi landed in Aruba in 2016, the United Arab Emirates consulate general to New York may have seemed as unlikely a guest as any to the tiny Caribbean island. His home nation and Aruba are separated by more than 12,000 kilometers (roughly 7,500 miles) as the crow flies....