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15 Oct 2026

New Wave of Regional Financing Backs Caribbean’s Energy Expansion

New Wave of Regional Financing Backs Caribbean’s Energy Expansion
Guyana has launched a new $100 million development bank to expand financing for local businesses, creating opportunities for suppliers seeking to participate in the country's growing oil and gas economy. The October 5, 2026 launch comes as regional financial institutions expand their commitments to renewable energy, infrastructure and business development across the Caribbean.

These developments will be in focus at Caribbean Energy Week (CEW) 2027, taking place July 13–15 in Georgetown, Guyana. The event will connect regional banks, development finance institutions, investors and project developers to explore financing opportunities across oil, gas, LNG, power and supporting infrastructure.

The Guyana Development Bank launch marks a major milestone in mobilizing regional financial power to support the Caribbean’s expanding energy landscape. As major developments like ExxonMobil’s Uaru, Whiptail, and Hammerhead projects move forward, the bank is expected to play a crucial role in accelerating local participation across oilfield services, logistics, engineering, construction and transport.

This shift toward localized energy financing comes alongside a broader commitment from major regional financial institutions. In September 2026, Republic Financial Holdings Limited (RFHL) expanded its sustainable finance targets with an additional $550 million allocation under its Climate Finance and SDG Inclusion goals. This brings RFHL’s total sustainable finance commitment to $750 million by 2030, building on a milestone earlier in 2026 when it deployed over $243 million - nearly half of which targeted renewable energy projects across Trinidad & Tobago, Barbados and Guyana.

Regional institutions are also deploying capital at a systemic level to bolster energy security and infrastructure. In June 2026, the Caribbean Development Bank (CDB) launched the Caribbean Regional Electricity Grid Interconnection and Renewable Energy Scaling (CREGI-RES) initiative to help island nations scale up renewables and enable cross-border power trading. Demonstrating the power of blended finance, the CDB also directed $5.7 million in Canadian loan funding alongside $3 million in UK and EU grants toward a utility-scale battery storage system at Grenada’s Maurice Bishop International Airport.

Meanwhile, commercial lenders like CIBC Caribbean and Scotiabank Jamaica are increasingly prioritizing power generation, grid transmission and clean-energy financing in their core growth strategies. Together, these coordinated financial commitments demonstrate that regional banks are no longer passive observers, but primary drivers of the Caribbean's energy transition.

These high-impact trends will take center stage at CEW 2027. Under the theme Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub, CEW 2027 will bridge regional financial leadership with global energy investors, regulators, and developers to expand project financing models and build a robust capital foundation for the Caribbean’s booming energy pipeline.

For more information, visit www.caribbeanenergyweek.com
To register, visit www.caribbeanenergyweek.com/attend
To sponsor, visit www.caribbeanenergyweek.com/sponsor

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