The Caribbean Development Bank (CDB) has approved a grant of US$350,000 to assist utilities and relevant stakeholders across the region to develop, plan and design energy storage and grid modernisation solutions, which could accelerate the Caribbean’s shift to clean energy.
According to the Jamaica Observer, the technical assistance, provided through the Canadian Support to the Energy Sector in the Caribbean (CSES-C) Fund, will support at least six individual grid modernisation and/or energy storage proposals from the Bank’s Borrowing Member Countries (BMCs).
Tessa Williams-Robertson, Head of the CDB’s Renewable Energy/ Energy Efficiency Unit said , “This technical assistance is an important stepping stone in our efforts to assist our BMCs in meeting their energy targets. It seeks to incentivise utilities to embark on electricity grid modernisation and energy storage projects.”
