Caribbean, Central America energy watch

IDB has approved a previously announced request from the Bahamas finance ministry for US$9mn to support a 2.25MW solar plant and associated energy storage and transmission infrastructure. 

The regional lender also greenlighted technical cooperation funds to help implement a universal energy access program in Panama. 

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MPC Energy Solutions signed a deal to acquire a 3.4MW combined heat and power project in Puerto Rico.

“The project will sell the produced heat and power under a 12-year USD-denominated energy service agreement to a pharmaceutical company,” MPC said in a statement. “This is MPC Energy Solutions’ first acquisition since its listing on the Oslo Stock Exchange’s Euronext Growth segment in January 2021. The acquisition is subject to customary closing conditions and expected for August 2021.”

The project is under construction with commissioning due to take place in August, and is expected to produce 25,000-30,000MWh/y and reduce CO2 emissions by 100,000t over the contract term. The name of the vendor was not provided.

“Like a number of other countries within the region, Puerto Rico offers an attractive market with strong growth potential within the renewables sector,” added MPC Energy Solutions CEO Martin Vogt, who highlighted that the project is the first implemented under a strategic partnership with Enernet Global.

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Jamaica’s Office of Utilities Regulation (OUR) is accepting comments on its stakeholder consultation document: Proposals For A Regulatory Framework To Facilitate The Penetration Of Electric Vehicles In Jamaica.

The document, available here, covers advantages and barriers, business models, legislation, grid impact and incentives, among other areas.

The deadline to file observations is June 22 and OUR will hold a webinar on June 9.

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Costa Rica’s state fuel company Recope has extended to August 3 from July 9 the deadline to submit offers for the EPC tender to develop the US$234mn Pacific coast marine terminal.

Also read Nearly 50 groups express initial interest in Costa Rica fuel terminal call