COP28 CLIMATE SUMMIT – ANSA McAL LIMITED AND KENESJAY GREEN LIMITED SIGN MEMORANDUM OF UNDERSTANDING (MOU) ON REGIONAL GREEN ENERGY DEVELOPMENT IN THE CARIBBEAN
“Sets stage for Private Sector Acceleration of Green Energy Projects in the Caribbean.”
The ANSA McAL Group, a major conglomerate operating across the Caribbean, and Kenesjay Green Limited (KGL), an indigenous regional leader in green energy project development, have signed an MOU to accelerate the development of new, and commercially viable green energy projects in the Caribbean.
Significantly, the December 2nd signing was done at the COP28 Climate Summit in Dubai, during the session on “Regional Green Hydrogen Developments in the Caribbean”. Representative Ministers of several Caribbean states applauded the event, and enthusiastically supported by co-hosts in the auspicious Nationally Determined Contributions (NDC) Pavilion in the Blue Zone – the Commonwealth of Dominica, the Caribbean Climate-Smart Accelerator (CCSA) and Kenesjay Green Limited. Also witnessing the signal event were multi-lateral financing institutions and other key stakeholders.
Speaking at the signing ceremony, Mr. Anthony N. Sabga, Group CEO, ANSA McAL Limited stated, “I am proud of this first step taken today to partner with KGL to explore projects to harness the Caribbean’s natural resources to provide more sustainable solutions that impact the lives of the people of our region. It is our intent to bring considerable resources in people, capital and technology to support the efforts of our region in the fight for a greener future. This resonates deeply with our purpose: “Inspiring Better Choices for a Better World”.
Mr. Philip Julien, Founder and Chairman of KGL, an affiliate of Kenesjay Systems Limited, said, “We bring our track record of project development expertise which has recently focused on bankable low carbon and green hydrogen projects in the Caribbean. Our collaboration in Dominica to deliver Geothermal to Green Hydrogen bears testament to this focus. This MOU with a Caribbean corporate heavyweight like ANSA McAL is an important next step in advancing potential green projects in the region, including other geothermal-rich countries in the Caribbean.”
COP28, the United Nations Climate Change Conference in Dubai, United Arab Emirates, runs from 30th November to 12th December 2023. It is the world’s only multilateral decision-making forum on climate change with almost complete membership of every country in the world.
ABOUT ANSA McAL:
Headquartered in Port of Spain, Trinidad and Tobago, the ANSA McAL Group is a publicly traded diversified company with seventy-four companies spanning eight sectors and operating in over eight territories. It offers its world-renowned brands, products, and services in over 30 countries across the world.
For more information on ANSA McAL visit https://www.ansamcal.com/
ABOUT KENESJAY GREEN LIMITED:
Kenesjay Green Limited (KGL), based in Trinidad & Tobago, is a leader in the Caribbean’s energy transition by developing a pipeline of viable decarbonising and green project opportunities. The Company is an affiliate of Kenesjay Systems Limited, a knowledgeable resource for innovative ideas and solutions for the energy sector.