Invest in Renewable Energy Across the Caribbean
The Caribbean presents a significant opportunity for investment in renewable energy generation, storage and grid modernisation. Rising electricity demand, high energy costs and ambitious national transition targets are accelerating investment across solar, wind, geothermal and resilient energy infrastructure.
CAIPA and its member agencies support investors in developing renewable energy projects across 24 Caribbean markets.
A Structural Opportunity in Energy Transition
Many Caribbean economies rely heavily on imported fossil fuels, creating high electricity costs and exposure to global energy price volatility.
CARICOM has set a target of achieving 47% renewable energy penetration by 2027, reinforcing policy momentum across the region. To achieve this target, regional governments are prioritising renewable energy deployment. As electricity demand continues to grow, an estimated regional supply gap of approximately 4GW highlights the need for new generation capacity.
Competitive Advantages
The Caribbean presents a number of key advantages in renewable energy investment:
- High solar irradiation and strong wind resources across multiple island systems
- Proximity to key equipment supply chains and international financing markets
- Increasing regulatory and policy support for renewable energy deployment
- Opportunities to integrate generation with grid modernisation and storage solutions
- Growing demand for resilient power systems driven by climate risk exposure
Market Momentum
Regional energy transition strategies are driving increased project development across utility-scale solar, wind and distributed generation.
International development institutions, climate finance providers and private investors are actively supporting renewable energy investment across Caribbean markets, creating expanding opportunities for project development and partnership.
Priority Investment Areas
- Utility-scale solar generation
- Onshore and offshore wind development
- Energy storage and battery systems
- Grid modernisation and smart energy infrastructure
- Microgrid and distributed energy solutions
- Waste-to-energy and biomass generation
- Geothermal (market-specific opportunities)