Global Infrastructure SherpaBarbados launches first BESS tender for 60 MW/240 MWh
60 MW
Capacity
development
Stage
Barbados has launched its first competitive tender for Battery Energy Storage Systems (BESS), seeking to award 60 MW and 240 MWh in capacity. The initiative is backed by multilateral organizations and has garnered significant interest from the private sector. The tender's technical design was led by RELP, which has experience in similar projects in Jamaica and Argentina. The process marks a shift from feed-in tariffs to competitive bidding in Barbados' energy sector, supported by new legislation and regulations.
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Counterparts (6)
Lender
Banco Central de Barbados
The Central Bank of Barbados formulates monetary and fiscal policies in association with the Government to assist with the country's economic development program. It also plays a regulatory role in the financial sector of Barbados.
Interamerican Development Bank
The Inter-American Development Bank Group (IDB Group) is the leading source of financing and knowledge for improving lives in Latin America and the Caribbean. It comprises the IDB, which works with the region’s public sector and enables the private sector; IDB Invest, which directly supports private companies and projects; and IDB Lab, which spurs entrepreneurial innovation.
GEAPP
The Global Energy Alliance for People and Planet (GEAPP) is an initiative focused on accelerating clean energy transitions in emerging economies to combat climate change and expand energy access. They invest in renewable energy projects and technologies to drive sustainable development.
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Barbados' launch of its first competitive tender for 60 MW/240 MWh of Battery Energy Storage Systems (BESS) represents a significant step towards modernizing its energy infrastructure and increasing renewable energy integration. The tender, backed by multilateral organizations, signifies a shift from feed-in tariffs to a competitive bidding process, supported by new legislation and regulations. This move aims to attract private sector investment and enhance the reliability and resilience of the island's electricity grid. The technical design was led by RELP, which has experience in similar projects in Jamaica and Argentina, suggesting a well-structured and potentially replicable framework.
The involvement of Barbados Light & Power as the offtaker, alongside lenders such as BID, GEAPP, and Banco Central de Barbados, underscores the strong institutional support for the project. The participation of OOCUR and CCREEE further highlights the regional importance of this initiative. The tender's success could serve as a model for other Caribbean nations seeking to transition to cleaner energy sources and improve grid stability through energy storage solutions. This project is a key indicator of Barbados' commitment to its renewable energy goals and its ability to attract international investment in the sector.
- First BESS tender in Barbados, signaling a shift in energy policy.
- Sizeable capacity of 60 MW/240 MWh, indicating a significant investment in energy storage.
- Involvement of multilateral organizations and experienced advisors like RELP, enhancing project credibility.
- Strong institutional support from Barbados Light & Power and multiple lenders.
Timeline
Announced
Feb 6, 2026
Signed
Closed
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