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Dominica's 10 MW geothermal project has achieved financial close with support from the Caribbean Development Bank and the Green Climate Fund, aiming to provide zero-carbon power for the island's baseload demand. Meanwhile, The Bahamas is launching over $40 million in hybrid energy projects to enhance reliability and reduce diesel dependence. The Caribbean energy sector is also seeing increased investment, highlighted by TotalEnergies' acquisition of a 50% stake in a 1.5 GW renewable asset portfolio in the Dominican Republic and Puerto Rico.