{"id":45858,"date":"2021-05-10T04:08:08","date_gmt":"2021-05-10T04:08:08","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=73415"},"modified":"2021-05-10T04:08:08","modified_gmt":"2021-05-10T04:08:08","slug":"dominica-and-uae-caribbean-renewable-energy-fund-to-sign-50m-clean-energy-plant-contract","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/dominica-and-uae-caribbean-renewable-energy-fund-to-sign-50m-clean-energy-plant-contract\/","title":{"rendered":"Dominica and UAE-Caribbean Renewable Energy Fund to Sign $50m Clean-Energy Plant Contract"},"content":{"rendered":"
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LONDON, May 10, 2021 \/PRNewswire\/ — The Government of the Commonwealth of Dominica and the UAE-Caribbean Renewable Energy Fund (UAE-CREF) have announced a deal for a hurricane-resistant clean energy project. The $50 million development in Dominica will support a 5-megawatt\/2.5 megawatt-hours battery energy storage system that will aid the island’s clean energy objectives.<\/p>\n

The system is forecasted to stabilise the electricity grid and deliver reserve power and frequency control to the extreme weather prone nation. It will also give the people of Dominica secure access to clean, renewable energy and pave the way to achieving the UN Sustainable Development Goals.<\/p>\n

In light of the new contract, Prime Minister Dr the Hon. Roosevelt Skerrit conveyed gratitude to the UAE government for their significant contribution to Dominica’s development. “The 5MW battery storage system will enable us to move more quickly to the transition from fossil fuel to renewable sources of energy in the electricity sector. We look forward to continued partnership with the UAE in the area of sustainable development and other areas of mutual interest both bilaterally and multilaterally.”<\/p>\n

For years, Dominica and its people have prioritised the fight against climate change. With funds from sources like the Citizenship by Investment Programme<\/a>, the country has supported initiatives like the geothermal plant currently under construction. The plant aims to generate 7MW of clean energy to supply nearly the whole Dominican population and drive the country’s energy mix to 51 percent renewables.<\/p>\n

The CBI Programme enables highly vetted foreign investors to\u00a0obtain\u00a0Dominica’s\u00a0citizenship<\/a>\u00a0in exchange for a\u00a0US$100,000\u00a0investment to the Economic Diversification Fund (EDF)<\/a> or US$200,000\u00a0into pre-approved luxury real estate<\/a> that also props\u00a0Dominica’s\u00a0blossoming ecotourism.<\/p>\n

With a clear focus on sustainability,\u00a0Dominica\u00a0channels investments from the CBI Programme into its energy security, infrastructure and housing reinforcement. This puts the ‘Nature Isle of the\u00a0Caribbean’ on track to become “the world’s first climate-resilient nation,” as pledged by Prime Minister Skerrit\u00a0after Hurricane Maria hit the island in 2017.\u00a0PwC<\/a>\u00a0experts and other government representatives credit the CBI Programme for\u00a0Dominica’s\u00a0rapid recovery post-Maria.<\/p>\n

Investors hoping to get approved under\u00a0Dominica’s\u00a0CBI Programme \u2013 classed by FT specialists as the\u00a0world’s best for economic citizenship<\/a>\u00a0\u2013 and wishing to contribute to its journey towards climate resilience can find all the details on the government’s official website<\/a>.<\/p>\n

pr@csglobalpartners.com<\/a><\/p>\n

www.csglobalpartners.com<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

LONDON, May 10, 2021 \/PRNewswire\/ \u2014 The Government of the Commonwealth of Dominica and the UAE-Caribbean Renewable Energy Fund (UAE-CREF) have announced a deal for a hurricane-resistant clean energy project. The $50 million development in Dominica will support a 5-megawatt\/2.5 megawatt-hours battery energy storage system that will aid the island\u2019s clean energy objectives. The system [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,415],"tags":[],"yoast_head":"\nDominica and UAE-Caribbean Renewable Energy Fund to Sign $50m Clean-Energy Plant Contract - Jordan News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jordannewsgazette.com\/dominica-and-uae-caribbean-renewable-energy-fund-to-sign-50m-clean-energy-plant-contract\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dominica and UAE-Caribbean Renewable Energy Fund to Sign $50m Clean-Energy Plant Contract - Jordan News Gazette\" \/>\n<meta property=\"og:description\" content=\"LONDON, May 10, 2021 \/PRNewswire\/ \u2014 The Government of the Commonwealth of Dominica and the UAE-Caribbean Renewable Energy Fund (UAE-CREF) have announced a deal for a hurricane-resistant clean energy project. 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