SiteLock

News


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....

CUC’s Use of Renewable Energy Up 250%

CUC power plant, North Sound Rd As Caribbean Utilities Company published its financial results for the first quarter of 2018 this week, Grand Cayman’s power provider has also revealed an increase in renewable energy use on the grid from 1 million kilowatts to 3.5 million kilowatts — a 250% jump from the same period...