Belize Launches $58.4M Energy Project with Battery Storage to Cut Reliance on Imports, Boost Renewables

February 5, 2025, Washington, D.C. - Belize, with World Bank and Canada support, initiates a $58.4 million energy project. * Aims to enhance power supply, improve reliability, and optimize consumer costs. * Addresses energy security issues, with 50% of electricity currently imported from Mexico. * Installs four 10-MW battery energy storage systems in San Pedro, Dangriga, Orange Walk, and Belize District. * Supports integration of renewable energy sources to meet the goal of 75% renewable energy generation by 2030. * Low-income households spend up to 30% of pre-tax income on electricity. * Project financed by a $50 million World Bank loan and $8.4 million from Canada.