In today’s world, the demand for clean, reliable, and scalable energy solutions has never been greater. We are transitioning from fossil fuels to more sustainable options. These include Small Modular Reactors (SMRs) and renewable energy sources like solar, wind, and geothermal. These options are emerging as key players in the global shift toward low-carbon energy. … Read more
The Caribbean energy transition is crucial for reducing dependency on imported fuels. It is also essential for lowering high energy costs and strengthening resilience against natural disasters. Nonetheless, these goals need significant investment and resources. Multilateral Development Banks (MDBs) play a vital role in advancing this transition. They offer essential funding. They also attract private … Read more
Caribbean utilities face unique energy challenges, from high dependency on imported fuels to frequent natural disasters and aging infrastructure. These obstacles drive up costs, hinder reliability, and delay sustainable progress. The right strategies can make a difference. Regional cooperation, renewable integration, and financial reform can transform the energy landscape for Caribbean nations. In this post, … Read more
The Caribbean’s energy landscape faces unique challenges. Heavy reliance on imported fossil fuels, frequent natural disasters, and aging infrastructure lead to high costs and service disruptions. Energy challenges, like financial constraints and outdated regulatory frameworks further hinder sustainable progress. This post explores the critical financial and policy hurdles Caribbean utilities must overcome to achieve resilience … Read more
The Caribbean utilities face an intricate web of challenges that threaten their stability and resilience. The reliance on imported fossil fuels drives up energy costs. This also exposes economies to price volatility. Natural disasters relentlessly disrupt power infrastructure. These issues converge to create significant obstacles. Compounding these are aging electrical systems, which strain under increasing … Read more
Benefits and Challenges of the CREGI-RES Project Driving Economic and Environmental Benefits The CREGI-RES project promises significant economic and environmental benefits for the Caribbean region. Economically, it aims to reduce the cost of electricity across the participating Caribbean nations. This is done by creating a shared grid that optimizes renewable energy resources. At the same … Read more
The CREGI-RES Project: Pioneering Sustainable Energy The Caribbean Development Bank (CDB) has conceived the Accelerated Sustainable Energy and Resilient Transition (ASERT) ASERT-2030 Framework. This is part of the CDB’s Energy Sector Policy and Strategy (ESPS). The goal is to aid its leadership role in pursuing renewable energy projects. The CREGI-RES project (Caribbean Regional Electricity Grid … Read more
