•  
  •  
  •  

US DoE teams up with others to promote Caribbean renewables

Caribbean wind energy. Author: Boris Kasimov. License: Creative Commons, Attribution 2.0 Generic.

May 6 (SeeNews) - Four institutions including the US Department of Energy (DoE) have signed a pact to promote and support renewable energy, energy efficiency and low-carbon technologies in the Caribbean.

More specifically, the US DoE, the Inter-American Development Bank (IDB), the Caribbean Development Bank (CDB) and the Caribbean Community (CARICOM) have signed a memorandum of understanding (MoU) that outlines their planned collaboration with regional governments in the Caribbean on strategic projects, activities and programmes.

Specific areas of cooperation include: establishing energy efficiency policies and regulations; grid management; development and integration of renewable energy sources such as solar, wind and energy storage; the exploration of alternative sources of baseload fuels and the creation of mechanisms to support replacing diesel with cleaner sources like natural gas, geothermal, hydro, ocean and sustainable biomass for baseload power generation.

The four institutions are now working on an action plan to facilitate the implementation of the MoU.

“We will work together on the identification of financing and investment opportunities for pilot and commercial scale projects in sustainable energy and to support the Caribbean regional energy strategy,” said Luis Alberto Moreno, IDB’s president.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription