United Arab Emirates provides funding for renewable energy development in the Caribbean

Solar panels, Abu Dhabi. Image credit: gordontour
Energy
2

At the recently concluded 8th Assembly of the International Renewable Energy Agency (IRENA) the United Arab Emirates announced its continued funding support for renewable energy development in the Caribbean:

The UAE-Caribbean Renewable Energy Fund, valued at AED183.6 million (US$50 million), has launched its second funding cycle by establishing partnerships with seven new Caribbean countries, on the sidelines of Abu Dhabi Sustainability Week 2018, with the aim of promoting its role in developing the renewable energy sector in Belize, the Dominican Republic, Grenada, Guyana, Haiti, Saint Kitts and Nevis, and Saint Lucia.

During the fund’s announcement on the sidelines of 8th session of the International Renewable Energy Agency, IRENA, General Assembly, Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, has stated that the UAE has a prominent international role in promoting renewable energy solutions and finding effective solutions to key challenges facing renewable energy projects and innovations, which is reflected in the availability of necessary funding and investments in the country.

He added that the UAE-Caribbean Renewable Energy Fund, which was launched last year during the Abu Dhabi Sustainability Week 2017 to finance a series of renewable energy projects, is one of the country’s key initiatives to promote relevant global energy solutions.

Read more from the Emirates News Agency. See also these articles on the launch and previous projects of the UAE-Caribbean Renewable Energy Fund.

[Image credit: gordontour]

Pingback: Green Antilles
Pingback: Green Antilles
2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Minesto Deep Green. Image: via Minesto
Energy
Government of Antigua and Barbuda signs ocean energy MoU

Media release — Swedish marine energy developer Minesto has signed a Memorandum of Understanding with the Government of Antigua and Barbuda. Through a feasibility study, facilitated by the United Nations Office for Project Services, the parties will explore the possibilities of supplying the Eastern Caribbean with renewable ocean energy by Minesto’s technology. Minesto …

Solar panels. Image credit: Pete Jelliffe
Energy
UAE funds renewable energy projects in Saint Lucia

The government of Saint Lucia will be embarking on several renewable energy projects with financial support from the second funding cycle of the United Arab Emirates-Caribbean Renewable Energy Fund. Projects will include installation of photo-voltaic electricity generation systems at two schools, construction of a solar-powered charging station for electric vehicles …

Wind turbine. Image: John McIntyre.
Energy
Guyana explores wind power potential

The government of Guyana, with support from the Global Environment Facility and the Inter-American Development Bank, is exploring the potential for wind power generation along the country’s Atlantic coast: The Ministry of Public Infrastructure (MOPI) has begun installing four wind measurement stations along the Atlantic Coast at a cost of …