Agreement at summit hosted by Sir Richard Branson will see islands switch from expensive diesel to renewables
Caribbean islands that pay some of the highest electricity prices in the world are in line for more than $1bn of green energy loans to reduce bills following an agreement between governments, companies, energy experts and financiers.
Projects that can be shown to increase energy efficiency or generate renewable energy are now expected to be rapidly approved by the US government's Overseas Private Investment Corporation (Opic), US energy giant NRG, the German government, and others.
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