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OLACDE regional energy summit and ECLAC developments

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2026-10-09 20:11 UTC → 2026-10-09 23:17 UTC · added ~~removed~~

OLACDE regional energy summit ~~in Santo Domingo~~ and ECLAC developments

The XI Energy Week of the Latin American and Caribbean Energy Organization (OLACDE) convened in Santo Domingo, organized alongside the Dominican Republic’s Ministry of Energy and Mines. The summit brought together representatives from 27 countries to address strategic pillars including electrical supply security, regional energy integration, electrification, and financing for the energy transition. During the event, Dominican Minister of Energy and Mines Joel Santos emphasized the importance of regional cooperation, technology sharing, and infrastructure to build resilient systems against climate change and geopolitical volatility. Santos also noted the Dominican Republic’s domestic energy growth, reporting an increase in installed capacity from 4,921 megawatts in 2020 to 7,120 megawatts in 2025, driven largely by solar and wind energy. As part of the summit, energy ministers held the 56th Meeting of Ministers of OLACDE, focusing on mobilizing investments for decarbonization and economic growth. A significant outcome was an agreement between OLACDE and the European Union on an energy cooperation plan for the 2026-2028 period. This ~~plan, following a May 2025 Memorandum of Understanding,~~ plan prioritizes electrical and gas integration, sector regulation, and technical exchange. ~~Specific initiatives include updating the OLACDE Regional Electrical Interconnection Plan and preparing interconnection projects.~~ Additionally, the ministerial meeting facilitated a leadership transition, with Bolivia assuming the OLACDE presidency for the 2026-2027 ~~term, succeeding Belize.~~ term. In related regional ~~developments during high-level meetings in Santiago de los Caballeros,~~ developments, the Dominican Republic assumed the presidency of the Economic Commission for Latin America and the Caribbean (ECLAC) for the 2026-2028 period. Following the 41st ECLAC session in Santiago de los Caballeros, Foreign Minister Víctor Bisonó called for the transformation of political agreements into “concrete results,” specifically advocating for strengthened intra-regional trade and the better utilization of strategic resources. ECLAC Executive Secretary José Manuel Salazar-Xirinachs noted that regional assets like critical minerals and biodiversity require strong institutions to drive development.

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