News
30 January 2020
IADB boosts renewable energy in The Bahamas
In:
Renewable energy
Region:
Americas
The Inter-American Development Bank (IADB) has approved a $170 million Conditional Credit Line for Investment Project to advance the deployment of renewable energy in The Bahamas.
The first $80 million operation will support the Government of the Bahamas with rehabilitation of critical energy infrastructure and restoration of electricity service in the islands affected by hurricane Dorian, while facilitating the introduction of renewable energy.
It includes the deployment of decentralized solar PV plants, rooftop systems, and innovative microgrids with storage capacity and grid modernization technologies to improve the reliability and resiliency of the power network.
