(World Bank, 2020)
Join the movement to protect the Caribbean’s natural beauty. Bring your renewable energy project to one of the most beautiful places in the world.
The Caribbean’s growing economy is creating an increased demand for renewable energy projects.
CARICOM has set an aggressive target of 48 percent of renewable energy penetration by 2030, which would be a fourfold increase from today's level. Renewable energy investors are invited to bring their project to the Caribbean as a way to meet their investment goals while helping to preserve one of the most beautiful places on earth.
The Renewable Energy Investment Opportunity is Unparalleled
With 300 days of sunshine, the Caribbean offers a multiple of the average solar insolation as some of the world’s largest solar power markets, such as Germany. Wind and hydropower represent additional opportunities for renewable energy projects, for example, the region’s minimum proven hydropower potential of more than 6,280 MW offers tremendous opportunities in production, interconnection and international trade for those member states and investors.