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CDB approves millions for geothermal energy development in Nevis

The Caribbean Development Bank (CDB) has approved US$17 million in financing for a geothermal energy development project in Nevis, which is aimed at reducing electricity costs, reducing carbon emissions and increasing energy security. On&nbs
United States Daniel Best Green Climate Fund American Development Bank Sustainable Energy Facility Nevis Electricity Company Ltd Caribbean Development Bank

Nevis to begin geothermal development, expects energy by 2025

Friday, December 9, the Bank's board of directors approved grant financing for the project, which will help St Kitts and Nevis drill two geothermal production wells and one injection well. The project aims to build a 10-megawatt geothermal power plant, enough to meet Nevis's electricity needs.
United States Lee Yan Lasur Daniel Best Green Climate Fund American Development Bank Sustainable Energy Facility Caribbean Development Bank

Experts Make Recommendations on Framework to Help Caribbean Access and Use Needed Climate Financing

If Caribbean countries are to survive the impacts of climate change, then finding ways to make the money match their needs will be of paramount importance. โ€œIt wonโ€™t be a rainbow that gets you to the pot of gold, it will be a framework that enables us to unlock the type of financing that we need for the actions that we committed to under the Paris Agreement in terms of …
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