Latin America and the Caribbean need to double financing for clean energy projects to US$150 billion by 2030 to fulfil the Announced Pledges Scenario (APS), according to the International Energy Agency’s Latin America Energy Outlook.
The Caribbean’s leader in renewable energy, Jamaica, is looking to procure 320MW of renewables this year as part of plans to diversify its energy sector.
Chairman Guinand says new funding evidences firm's "long-term commitment and confidence" in the Caribbean island, whose grid was decimated by Hurricane Maria in 2017.
Chile and Colombia steer coordinated push by 10 countries to reach an average 70% green energy share by 2030, setting the scene for the rise of a 312GW renewable fleet over the next decade.
A draft version of the Resilient National Energy Transition Strategy outlines aims to pilot energy storage projects on the British Overseas Territory, and install up to 7MW total of distributed PV in four years.
