Belize Launches $58.4M Project to Enhance Energy Supply and Boost Renewables

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Belize, World Bank, and Canada collaborate on an energy project to improve electricity reliability and integrate renewable sources with battery storage systems.
The Belize Energy Resilience and Sustainability Project focuses on modernizing infrastructure and integrating renewable energy to secure a sustainable power supply for Belize.

The Government of Belize, collaborating with the World Bank and the Government of Canada, has set up a new energy project to enhance its power supply in the country along with electricity reliability. The proposed $58.4 million would optimize energy cost for consumers along with improving renewable energy sources.

Improving energy security

Belize faces critical energy security risks because it relies on imported electricity for about 50% of its supply. The importation varies due to volatile oil and gas prices, which make the consumers exposed to unstable electricity prices. The infrastructure in Belize is highly susceptible to severe weather, like Hurricane Lisa, that knocked out the nation’s power in 2022. Over the past decade, Belize’s peak demand increased by 48%, yet without new capacity the country faced blackout events.

Modernizing Energy Infrastructure with Battery Storage

The Belize Energy Resilience and Sustainability Project helps address energy challenges by installing modern battery storage systems at four critical locations. It will help to modernize the energy infrastructure in Belize, increase the country’s independence from imported energy, and enhance the reliability of power supply. The project will install four 10-megawatt battery systems at key districts and improve grid management and reduce disruptions in power.

Lilia Burunciuc, World Bank Director for the Caribbean, said, “This project represents a crucial milestone for Belize’s energy independence and sustainability. By investing in advanced storage solutions and renewable energy integration, we are ensuring a more reliable and affordable power supply for communities while paving the way for a greener future.”

The national grid will integrate renewable energy sources. The battery system will store renewable energy to help Belize reach 75% of its total energy from renewables by 2030, as outlined in the 2023 energy policy. This will make energy more affordable and sustainable for the people of Belize, especially low-income household families who spend 30% on electricity.

Also read: Chile Secures $5.1 Million from World Bank to Combat Deforestation and Boost Climate Resilience

Empowerment of Local Communities and Women in Energy

The project will also adopt the state-of-the-art power management systems, technically train energy operators, and institute programs to enhance female participation in the energy sector. These activities will give the communities powers and encourage growth in an all-inclusive way since the project’s benefits will be shared equally.

The Belize Energy Project is funded by a $50 million loan from the World Bank and $8.2 million from Canada.

LEGO Group Commits DKK 19 Million to Support Carbon Removal Projects

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LEGO Group invests DKK 19 million in carbon removal and reforestation projects to support sustainability and climate impact.
LEGO invests DKK 19 million in carbon removal projects, including biochar, reforestation, and enhanced rock weathering, supporting climate action.

The LEGO Group is committing DKK 19 million to four carbon removal projects in partnership with Climate Impact Partners and ClimeFi. The projects span from 2024 to 2026 and focus on biochar, enhanced rock weathering, and reforestation. All of these are meant to support the growing portfolio of climate solutions. It is an extension of the partnership already existing between the company and Climeworks, focusing on direct air capture and storage.

Supporting Carbon Removal and Biodiversity

In line with its commitment to sustainability, the LEGO Group is working on innovative carbon removal strategies beyond its supply chain. Annette Stube, the Chief Sustainability Officer, expressed pride in supporting the climate initiatives, believing they would positively impact the broader environmental ecosystem.

She highlighted that innovative, high-quality carbon removal projects and emerging technologies could play a crucial role in fostering a more sustainable future. She also noted that reforestation could enhance biodiversity. Stube emphasized that these partnerships would help the company expand its understanding of new technologies and practices to support a healthy planet for future generations.

Biochar and Enhanced Rock Weathering Solutions

LEGO’s partnership with ClimeFi will support two biochar projects and an enhanced rock weathering solution. Biochar turns waste biomass into stable carbon, while enhanced rock weathering accelerates natural processes by spreading rock powder on fields. Both approaches offer the added benefit of improving soil health in addition to carbon removal.

Also read: Trafigura Expands Carbon Removal Project in Colombia with $100 Million Investment

Reforestation Project in the Lower Mississippi Alluvial Valley

LEGO also partners with Climate Impact Partners for a major reforestation initiative in the Lower Mississippi Alluvial Valley, USA. The GreenTrees platform leads a reforestation project to restore 400,000+ hectares, boosting biodiversity and improving Mississippi River water quality. This large-scale reforestation also provides added benefits like improved flood protection and reduced nutrient run-off.

The LEGO Group is committed to reducing emissions and exploring innovative solutions to help drive the global net-zero transition.