The government of the Caribbean island is planning two solar parks with large scale storage with the help of the Inter-American Development Bank and the United States Agency for International Development. Inter-American is seeking technical help with tendering the projects.
The new credit lines are for the development of on and off-grid renewable energy projects. The European Commission is offering the fund a €40 million helping hand.
Using an application based on resource data and country-specific techno-economic inputs, a report has analyzed the costs of developing utility scale renewables in Southeast Asia and found abundant, cost-competitive potential.