Renewable Energy Thriving in the Caribbean
Key Ideas
- The IFC is financing a solar and energy storage project in Barbados with support from the Green Climate Fund and local/regional banks, including hydrogen storage.
- Dominican Republic's electricity regulator authorized a 10MW battery energy storage system to support primary frequency regulation at DPP's thermal plant in Santo Domingo province.
- Guyana Energy Agency launched bidding for solar photovoltaic equipment to install at 21 public and community buildings, promoting renewable energy adoption.
- The article highlights various renewable energy projects and initiatives in the Caribbean region, indicating a positive trend towards sustainable energy practices.
The article discusses several renewable energy projects and initiatives in the Caribbean region, showcasing a growing trend towards sustainable energy practices. The International Finance Corporation (IFC) has initiated financing for a solar and energy storage project in Barbados, with a significant contribution from the Green Climate Fund and local/regional banks. This project, led by Renewstable Barbados (RSB), aims to develop a 50MWp photovoltaic plant alongside a 15MW battery energy storage system and 90MWh of hydrogen storage, demonstrating a commitment to innovative energy solutions. In the Dominican Republic, the electricity regulator has approved a 10MW battery energy storage system at the Los Mina thermal plant to enhance primary frequency regulation, showcasing the country's focus on energy efficiency and grid stability. Additionally, the Guyana Energy Agency has launched a bidding process to supply solar photovoltaic equipment for installation at public and community buildings, emphasizing the country's efforts to increase renewable energy adoption. These developments highlight the Caribbean's shift towards cleaner and more sustainable energy sources, paving the way for a greener and more resilient energy future in the region.