BRIDGETOWN, Barbados (CMC) — The Caribbean Development Bank (CDB) has launched a new initiative aimed at helping the Caribbean assess how renewable energy resources, electricity demand, regional interconnection opportunities, and investment pathways can be integrated into a viable regional roadmap.

The initiative, known as the Caribbean Regional Electricity Grid Interconnection and Renewable Energy Scaling Technical Assistance Project (CREGI-RES), marks a turning point in the region’s effort to build a more secure energy future.

It said that by examining the potential for regional integration, including submarine interconnection options, grid reinforcement needs and renewable energy scaling, CREGI-RES can help identify pathways to decrease dependence, lower costs, strengthen resilience to climate change and reduce vulnerability to global fuel price shocks.