The Caribbean Energy Industry Is Undergoing a Major Transformation

The energy sector in the Caribbean is undergoing a huge transformation, from geothermal finds in Dominica to solar energy in Antigua and Barbuda. The long-overlooked region is now attracting high levels of investment, as energy companies see huge potential in its future. Massive investments from international organizations and private funders are expected to spur the development of a strong renewable energy sector across the region over the next decade.

This year, in the U.S. Virgin Islands, the energy service consultancy Accion Group is carrying out an auction for 128MW solar and 63.2MWh battery energy storage owned by VIElectron. This is in response to the declaration of an energy emergency making the need for greater diversification abundantly clear. In Dominica, experts believe there may be huge potential for geothermal energy.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Octopus Energy to pay customers to use their ovens in 'world first' energy dealThe energy firm said its new Agile tariff policy will pay customers to switch on appliances - but there's a catch.
Source: Daily_Record - 🏆 9. / 89 Read more »

Rising Star Octopus Energy Signs Energy Storage DealGresham House Energy Storage Fund has announced a landmark agreement with Octopus Energy, one of the UK's largest andfastest-growing energy suppliers.
Source: OilandEnergy - 🏆 34. / 68 Read more »

What is Labour’s Great British Energy plan and will it mean cheaper bills?Labour says it plans to cut energy bills by £300 by investing in renewable energy
Source: i newspaper - 🏆 8. / 89 Read more »

Banstead: Renewable energy centre aims to encourage green techThe SME Energy Centre aims to change the 'negative narrative about renewable energy'.
Source: BBCScienceNews - 🏆 87. / 53 Read more »

Families’ energy bills to fall by £122 as new energy price cap announcedEnergy regulator, Ofgem's energy price cap is set to go down in July, meaning families will on average be paying less for their bills
Source: Netmums - 🏆 42. / 63 Read more »

Australia Urged to Boost Renewable Investment to Meet Clean Energy TargetAustralia needs to increase its annual investments in renewable energy projects to meet the government's 2030 clean energy target, according to a report by the Clean Energy Council.
Source: OilandEnergy - 🏆 34. / 68 Read more »