CIF2025 Investment Catalogue FINAL

SUCCESS STORY

Eco Energy Bahamas: Advancing Clean Energy with Strategic Support from CIF 2023 In October 2023, Eco Energy Bahamas presented its flagship renewable energy project at the Caribbean Investment Forum (CIF) in Paradise Island, The Bahamas. This opportunity proved to be a defining moment for the company, helping to strengthen its credibility, refine its strategy, and build the momentum that ultimately led to the execution of a long-term national energy agreement. The Coral Harbour project, a 25MW solar photovoltaic (PV) installation paired with a 5MWh Battery Energy Storage System (BESS), is not just a project, but a significant initiative designed to enhance energy resilience, displace imported diesel, and deliver more stable electricity pricing across The Bahamas. With projected lifetime revenues exceeding USD $170 million and strong alignment with the country’s Blueprint for Change and CARICOM’s regional energy goals, the project represents a critical step in the nation’s clean energy transition. The event also generated interest from international and regional stakeholders, including IDB Invest, the Caribbean Development Bank, and CARICOM energy bodies. Following Eco Energy’s pitch at CIF 2023, valuable feedback was received from the forum’s investor panel. One impact investor highlighted that while the project was promising, its investability would improve significantly if the proposed liquefied natural gas (LNG) component was removed. In response, Eco Energy streamlined the project to focus exclusively on solar and battery storage, enhancing its alignment with global sustainability priorities and climate-focused investment standards, and making it more attractive to a wider range of investors. The Forum also enabled direct engagement with key government stakeholders, including the Ministry of Energy & Transport, the Office of the Prime Minister, and Bahamas Power and Light (BPL). These interactions helped further refine the project’s national alignment and laid the foundation for successful negotiations. In Q2 2025, Eco Energy Bahamas secured a 25-year Power Purchase Agreement with BPL, formally establishing the Coral Harbour project as a cornerstone of The Bahamas’ renewable energy infrastructure.

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