Antigua & Barbuda To Benefit From US$ 15 Million In Renewable Energy Financing

Antigua & Barbuda is among four Caribbean countries to benefit from over US$ 105 million to assist their renewable energy transition.

The Abu Dhabi Fund for Development (ADFD today confirmed the allocation for eight renewable energy projects four of which are in the Caribbean region.

Antigua & Barbuda, Cuba, St. Lucia and St. Vincent & the Grenadines will be among the eight countries to benefit.

In Antigua and Barbuda, an 8 MW hybrid power plant (solar and wind) will receive an ADFD investment of US$15 million.

The project is expected to benefit 5,500 households and allows for large reductions in the import of fossil fuels.

Antigua & Barbuda’s Ambassador to IRENA Conrod Hunte told the Caribbean News Service that the funds will help provide back-up power for schools and health facilities.

Hunte says the selection does not mean the funds are available now and could take another year.

For residents Hunte says project would mean that schools can continue to function in the event of disaster that knocks out power.

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