PA RTNERING FOR RENEWABLE ENERGY AND ENERGY EFFICIENCY
IN THE CARIBBEAN
PARTNERING FOR RENEWABLE ENERGY AND ENERGY EFFICIENCY IN THE CARIBBEAN
CLIMATE ACTION LINE OF CREDIT
The European Investment Bank Climate Action Line of Credit (CALC) will finance capital infrastructure projects, which improve resilience to climate change or contribute to climate change mitigation.
SUSTAINABLE ENERGY FOR THE EASTERN CARIBBEAN
Interest subsidy on loans for a portion of the investment project cost
For public and private sector
Grant-funded climate risk and vulnerability assessments for eligible projects.
The Caribbean Development Bank (CDB) and global stakeholders have partnered to address the Region’s energy security challenges and to promote environmental sustainability through the promotion of renewable energy (RE) and energy efficiency (EE). This also serve to accelerate the Caribbean’s progress on Sustainable Development Goal 7: affordable and clean energy. Energy security is key to economic growth and environmental sustainability. The Caribbean Development Bank (CDB) and global stakeholders have partnered to address the Region’s renewable energy (RE) and energy efficiency (EE) challenges, and accelerate the Caribbean’s progress on Sustainable Development Goal 7: affordable and clean energy.
The Sustainable Energy for the Eastern Caribbean (SEEC) Programme is a multi-partner loan and grant facility. It is co-financed by CDB; the European Union-Caribbean Investment Facility (EU-CIF) and the United Kingdom Foreign Commonwealth and Development Office (FCDO) (formerly known as Department for International Development (DFID)).
Total budget of up to EUR21 million
Blended grant and loan (minimum 1:2 ratio) facility for public sector investments
Technical assistance grants for project development and capacity building
Street lighting retrofit projects – EE
Building retrofit projects – EE
Utility-scale renewable energy investments – RE
Transmission line upgrades – EE or RE
All CDB Borrowing Member Countries
Energy efficiency building upgrades – EE
Building integrated renewable energy – RE
EE/RE credit lines for small and medium enterprises
SEEC provides innovative financing to the public sector for investments in RE and EE, as well as technical assistance for institutional strengthening, capacity building and project support, including energy audits.
Description Key Features
CLIMATE ACTION LINE OF CREDIT
SUSTAINABLE ENERGY FACILITY
The European Investment Bank Climate Action Line of Credit (CALC) will finance capital infrastructure projects, which improve resilience to climate change or contribute to climate change mitigation.
Lines of credit and possible microfinance guarantee facility to support lending in private sector through Financial Intermediaries
Examples of Sustainable Energy Projects
Street lighting retrofit projects – EE
The Sustainable Energy Facility (SEF) for the Eastern Caribbean is a financing package of Inter-American Development Bank (IDB) loan; Global Environment Facility Trust Fund (GEF) grant; and Clean Technology Fund (CTF) contingently recoverable grant or loan resources, provided through the IDB to CDB (as executing agency). It funds technical assistance and investments in RE and EE.
Resources available under SEF:
Interest subsidy on loans for a portion of the investment project cost
For public and private sector
SEF/GEF resources for:
Building retrofit projects – EE
All CDB Borrowing Member Countries
SUSTAINABLE ENERGY FOR THE EASTERN CARIBBEAN
SEF has three components:
1. EE investments,
2. Regulatory framework, institutional strengthening and capacity building, and 3. RE - intermittent and base-load.
The Sustainable Energy for the Eastern Caribbean (SEEC) Programme is a multi-partner loan and grant facility. It is co-financed by CDB; the European Union-Caribbean Investment Facility (EU-CIF) and the United Kingdom Foreign Commonwealth and Development Office (FCDO) (formerly known as Department for International Development (DFID)).
Most of the resources under SEF are for supporting geothermal energy (GE) development, mobilised under CDB’s GeoSMART Initiative.
SEEC provides innovative financing to the public sector for investments in RE and EE, as well as technical assistance for institutional strengthening, capacity building and project support, including energy audits.
SUSTAINABLE ENERGY FACILITY
The Sustainable Energy Facility (SEF) for the Eastern Caribbean is a financing package of Inter-American Development Bank (IDB) loan; Global Environment Facility Trust Fund (GEF) grant; and Clean Technology Fund (CTF) contingently recoverable grant or loan
Grant-funded climate risk and vulnerability assessments for eligible projects.
GEF grants in the amount of USD3 million for Antigua and Barbuda, Grenada, and St. Vincent and the Grenadines
Total budget of up to EUR21 million
Blended grant and loan (minimum 1:2 ratio) facility for public sector investments
Contingently recoverable grants or loans to support the exploratory stage of geothermal energy projects. Loans can be made available to a Special Purpose Vehicle (SPV) pursued in the context of a public-private partnership (PPP) arrangement
Technical assistance grants for project development and capacity building
CDB loans to SPVs, established as PPPs for plant construction and GErelated infrastructure
Lines of credit and possible microfinance guarantee facility to support lending in private sector through Financial Intermediaries
Resources available under SEF:
GEF grants in the amount of
USD3 million for Antigua and Barbuda, Grenada, and St. Vincent and the Grenadines
Utility-scale renewable energy investments – RE
Capacity-strengthening interventions, for example, workshops, training, tools
The Commonwealth of Dominica
Transmission line upgrades – EE or RE
Legislative and regulatory reforms
Studies to support RE and EE investments
RE and EE investments
Energy efficiency building upgrades – EE
SEF/CTF resources for:
of
Building integrated renewable energy – RE
Geothermal exploratory drilling
SEF/Loan resources for:
EE/RE credit lines for small and medium enterprises
Geothermal plant construction
Installation of infrastruture to support geothermal energy development
SEF/GEF resources for:
Capacity-strengthening interventions, for example, workshops, training, tools
Kitts and Nevis
and the
SEEC provides innovative financing to the public sector for investments in RE and EE, as well as technical assistance for institutional strengthening, capacity building and project support, including energy audits.
SUSTAINABLE ENERGY FACILITY
CREDIT
The European Investment Bank Climate Action Line of Credit (CALC) will finance capital infrastructure projects, which improve resilience to climate change or contribute to climate change mitigation.
guarantee facility to support lending in private sector through Financial Intermediaries
The European Investment Bank Climate Action Line of Credit (CALC) will finance capital infrastructure projects, which improve resilience to climate change or contribute to climate change mitigation.
SUSTAINABLE ENERGY FOR THE EASTERN CARIBBEAN
The Sustainable Energy Facility (SEF) for the Eastern Caribbean is a financing package of Inter-American Development Bank (IDB) loan; Global Environment Facility Trust Fund (GEF) grant; and Clean Technology Fund (CTF) contingently recoverable grant or loan resources, provided through the IDB to CDB (as executing agency). It funds technical assistance and investments in RE and EE.
SUSTAINABLE ENERGY FOR THE EASTERN CARIBBEAN
SEF has three components:
1. EE investments,
2. Regulatory framework, institutional strengthening and capacity building, and
3. RE - intermittent and base-load.
The Sustainable Energy for the Eastern Caribbean (SEEC) Programme is a multi-partner loan and grant facility. It is co-financed by CDB; the European Union-Caribbean Investment Facility (EU-CIF) and the United Kingdom Foreign Commonwealth and Development Office (FCDO) (formerly known as Department for International Development (DFID)).
The Sustainable Energy for the Eastern Caribbean (SEEC) Programme is a multi-partner loan and grant facility. It is co-financed by CDB; the European Union-Caribbean Investment Facility (EU-CIF) and the United Kingdom Foreign Commonwealth and Development Office (FCDO) (formerly known as Department for International Development (DFID)).
Most of the resources under SEF are for supporting geothermal energy (GE) development, mobilised under CDB’s GeoSMART Initiative.
SEEC provides innovative financing to the public sector for investments in RE and EE, as well as technical assistance for institutional strengthening, capacity building and project support, including energy audits.
SEEC provides innovative financing to the public sector for investments in RE and EE, as well as technical assistance for institutional strengthening, capacity building and project support, including energy audits.
SUSTAINABLE ENERGY FACILITY Description Key Features
SUSTAINABLE ENERGY FACILITY Description Key Features
Resources available under SEF:
Interest subsidy on loans for a portion of the investment project cost
Street lighting retrofit projects – EE
SEF/GEF resources for:
For public and private sector
Interest subsidy on loans for a portion of the investment project cost
For public and private sector
Grant-funded climate risk and vulnerability assessments for eligible projects.
GEF grants in the amount of USD3 million for Antigua and Barbuda, Grenada, and St. Vincent and the Grenadines
Grant-funded climate risk and vulnerability assessments for eligible projects.
Total budget of up to EUR21 million
Total budget of up to EUR21 million
Blended grant and loan (minimum 1:2 ratio) facility for public sector investments
Contingently recoverable grants or loans to support the exploratory stage of geothermal energy projects. Loans can be made available to a Special Purpose Vehicle (SPV) pursued in the context of a public-private partnership (PPP) arrangement
Blended grant and loan (minimum 1:2 ratio) facility for public sector investments
Technical assistance grants for project development and capacity building
Technical assistance grants for project development and capacity building
CDB loans to SPVs, established as PPPs for plant construction and GErelated infrastructure
Lines of credit and possible microfinance guarantee facility to support lending in private sector through Financial Intermediaries
Lines of credit and possible microfinance guarantee facility to support lending in private sector through Financial Intermediaries
Description Key Features
The CDB GeoSMART initiative was designed to mobilise
Street lighting retrofit projects – EE
Building retrofit projects – EE
Building retrofit projects – EE
Utility-scale renewable energy investments – RE
Member Countries
Utility-scale renewable energy investments – RE
Capacity-strengthening interventions, for example, workshops, training, tools
Transmission line upgrades – EE or RE
Transmission line upgrades – EE or RE
Legislative and regulatory reforms
Studies to support RE and EE investments
RE and EE investments
Energy efficiency building upgrades – EE
SEF/CTF resources for:
Energy efficiency building upgrades – EE
Building integrated renewable energy – RE
Building integrated renewable energy – RE
Geothermal exploratory drilling
SEF/Loan resources for:
EE/RE credit lines for small and medium enterprises
Geothermal plant construction
EE/RE credit lines for small and medium enterprises
Installation of infrastruture to support geothermal energy development
The Commonwealth of Dominica
St. Kitts and Nevis
Antigua and Barbuda Grenada Saint Lucia
St. Vincent and the Grenadines
Antigua and Barbuda
The Commonwealth of Dominica
Grenada
St. Kitts and Nevis
Saint Lucia
St. Vincent and the Grenadines
Examples of Sustainable Energy Projects Eligible Countries
The Sustainable Energy Facility (SEF) for the Eastern Caribbean is a financing package of Inter-American Development Bank (IDB) loan; Global Environment Facility Trust Fund (GEF) grant; and Clean Technology Fund (CTF) contingently recoverable grant or loan resources, provided through the IDB to CDB (as executing agency). It funds technical assistance and investments in RE and EE.
Resources available under SEF:
SEF/GEF resources for:
adequate and appropriate funding for investment and
technical assistance to address the risks associated with each stage of the GE project cycle.
The Sustainable Energy Facility (SEF) for the Eastern Caribbean is a financing package of Inter-American Development Bank (IDB) loan; Global Environment Facility Trust Fund (GEF) grant; and Clean Technology Fund (CTF) contingently recoverable grant or loan resources, provided through the IDB to CDB (as executing agency). It funds technical assistance and investments in RE and EE.
Resources available under SEF:
SEF has three components:
1. EE investments,
SEF has three components:
1. EE investments,
2. Regulatory framework, institutional strengthening and capacity building, and
3. RE - intermittent and base-load.
2. Regulatory framework, institutional strengthening and capacity building, and
3. RE - intermittent and base-load.
Most of the resources under SEF are for supporting geothermal energy (GE) development, mobilised under CDB’s GeoSMART Initiative.
Most of the resources under SEF are for supporting geothermal energy (GE) development, mobilised under CDB’s GeoSMART Initiative.
CANADIAN SUPPORT TO THE ENERGY SECTOR IN THE CARIBBEAN FUND CDB GeoSMART INITIATIVE
Global Affairs Canada has established with CDB, the Canadian Support to the Energy Sector in the Caribbean Fund (CSES-C) totalling CAD5 million. The CSES-C will support technical assistance projects that strengthen regulatory frameworks, build capacity and prepare EE and RE investment projects.
Resources already mobilised include those available under SEF
GEF grants in the amount of USD3 million for Antigua and Barbuda, Grenada, and St. Vincent and the Grenadines
FOR RENEWABLE ENERGY AND ENERGY EFFICIENCY IN THE CARIBBEAN | Caribbean Development Bank
SEF/GEF resources for:
Resources mobilised under the Geothermal Risk Mitigation Programme for EC from EU-CIF
GEF grants in the amount of USD3 million for Antigua and Barbuda, Grenada, and St. Vincent and the Grenadines
FCDO parallel grant financing may be provided through CDB for early-stage GE project development in four SEF countries
Contingently recoverable grants or loans to support the exploratory stage of geothermal energy projects. Loans can be made available to a Special Purpose Vehicle (SPV) pursued in the context of a public-private partnership (PPP) arrangement
Surface studies (3Gs), and Environmental and Social Impact Assessment
Capacity-strengthening interventions, for example, workshops, training, tools
Exploratory drilling
Antigua and Barbuda
The Commonwealth of Dominica
Legislative and regulatory reforms
Capacity-strengthening interventions, for example, workshops, training, tools
Production drilling
Grenada
Legislative and regulatory reforms
St. Kitts and Nevis
Contingently recoverable grants or loans to support the exploratory stage of geothermal energy projects. Loans can be made available to a Special Purpose Vehicle (SPV) pursued in the context of a public-private partnership (PPP) arrangement
Studies to support RE and EE investments
Steam systems and plant construction
Concessional resources under consideration include those from IDB and the Green Climate Fund
CDB loans to SPVs, established as PPPs for plant construction and GErelated infrastructure
CDB loans to SPVs, established as PPPs for plant construction and GErelated infrastructure
Partnerships with the Government of New Zealand the Japan International Cooperation Agency and the Republic of Italy
CDB may use the funds to support:
Consultancy services for studies to improve legislative and regulatory frameworks
Training and capacity-building interventions
Studies to support RE and EE investments
RE and EE investments
RE and EE investments
SEF/CTF resources for:
Infrastructure such as transmission lines, roads and bridges to support GE development
SEF/CTF resources for:
Geothermal exploratory drilling
Geothermal exploratory drilling
SEF/Loan resources for:
SEF/Loan resources for:
Geothermal plant construction
Installation of infrastruture to support geothermal energy development
Geothermal plant construction
Installation of infrastruture to support geothermal energy development
Advisory services on the policy and legislative level
Government consultancy support in technical and financial due diligence for project proposals
Implementation support for national
the Grenadines
Saint Lucia
St. Vincent and the Grenadines
St. Vincent and the Grenadines
All CDB Borrowing Member Countries
Description
Partnerships with the Government of New Zealand the Japan International Cooperation Agency and the Republic of Italy
Features
CANADIAN SUPPORT TO THE ENERGY SECTOR IN THE CARIBBEAN FUND
CLIMATE ACTION LINE OF CREDIT
Global Affairs Canada has established with CDB, the Canadian Support to the Energy Sector in the Caribbean Fund (CSES-C) totalling CAD5 million. The CSES-C will support technical assistance projects that strengthen regulatory frameworks, build capacity and prepare EE and RE investment projects.
The European Investment Bank Climate Action Line of Credit (CALC) will finance capital infrastructure projects, which improve resilience to climate change or contribute to climate change mitigation.
CDB may use the funds to support:
Interest subsidy on loans for a portion of the investment project cost
For public and private sector
Consultancy services for studies to improve legislative and regulatory frameworks
SUSTAINABLE ENERGY FOR THE EASTERN CARIBBEAN
The Sustainable Energy for the Eastern Caribbean (SEEC) Programme is a multi-partner loan and grant facility. It is co-financed by CDB; the European Union-Caribbean Investment Facility (EU-CIF) and the United Kingdom Foreign Commonwealth and Development Office (FCDO) (formerly known as Department for International Development (DFID)).
The GIZ-managed Technical Assistance Programme for Sustainable Energy in the Caribbean is supporting CARIFORUM countries within the wider Caribbean EU partnerships. The goal is to support implementation of the CARICOM Energy Policy and the Caribbean Sustainable Energy Roadmap and Strategy as well as the various national energy policies.
SEEC provides innovative financing to the public sector for investments in RE and EE, as well as technical assistance for institutional strengthening, capacity building and project support, including energy audits.
SUSTAINABLE ENERGY FACILITY
Description
Grant-funded climate risk and vulnerability assessments for eligible projects.
Training and capacity-building interventions
Consultancies for RE and EE project development; for example, energy audits, feasibility studies
Total budget of up to EUR21 million
TECHNICAL ASSISTANCE PROGRAMME FOR SUSTAINABLE ENERGY IN THE CARIBBEAN
Blended grant and loan (minimum 1:2 ratio) facility for public sector investments
Technical assistance grants for project development and capacity building
Lines of credit and possible microfinance guarantee facility to support lending in private sector through Financial Intermediaries
Total budget of EUR 10.5 million Donor funded technical assistance: Caribbean Sustainable Energy Roadmap assistance, capacity building, project development support, knowledge management, innovative finance mechanisms
K ey Features
Short term expert pool for consultancy support
Resources available under SEF:
GEOTHERMAL RISK MITIGATION PROGRAMME FOR THE EASTERN CARIBBEAN
Street lighting retrofit projects – EE Building retrofit projects – EE
Advisory services on the policy and legislative level
Utility-scale renewable energy investments – RE
Transmission line upgrades – EE or RE
Government consultancy support in technical and financial due diligence for project proposals
Implementation support for national energy action plans
Renewable energy grid integration studies
Workshops and training
Energy efficiency building upgrades – EE
Building integrated renewable energy – RE
Project development support
EE/RE credit lines for small and medium enterprises
Workshops and capacity-building initiatives
Policy and strategy development, and implementation support
Support the development of Regional Energy Knowledge hub
Finance consulting pool
All CDB Borrowing Member Countries
All CDB Borrowing Member Countries
Antigua and Barbuda
The Commonwealth of Dominica
Grenada
St. Kitts and Nevis
Saint Lucia
St. Vincent and the Grenadines
Members states of the Caribbean Forum of the Economic Partnership Agreement with the European Union (CARIFORUM)
Examples of Sustainable Energy Projects Eligible Countries
SEF/GEF resources for:
Antigua and Barbuda
The Geothermal Risk Mitigation Programme for the Eastern Caribbean is a package of grant financing supported by the European Union's Caribbean Investment Facility (EU-CIF) to support GE development in at least three countries
The Sustainable Energy Facility (SEF) for the Eastern Caribbean is a financing package of Inter-American Development Bank (IDB) loan; Global Environment Facility Trust Fund (GEF) grant; and Clean Technology Fund (CTF) contingently recoverable grant or loan resources, provided through the IDB to CDB (as executing agency). It funds technical assistance and investments in RE and EE.
SEF has three components:
1. EE investments,
2. Regulatory framework, institutional strengthening and capacity building, and
3. RE - intermittent and base-load.
Most of the resources under SEF are for supporting geothermal energy (GE) development, mobilised under CDB’s GeoSMART Initiative.
GEF grants in the amount of USD3 million for Antigua and Barbuda, Grenada, and St. Vincent and the Grenadines
Capacity-strengthening interventions, for example, workshops, training, tools
PARTNERING FOR RENEWABLE ENERGY AND ENERGY EFFICIENCY IN THE CARIBBEAN | Caribbean Development Bank
Investment grant to support early stage GE drilling (which is the highest risk stage)
Funding support for GE drilling programme in St. Vincent and the Grenadines
Legislative and regulatory reforms
The Commonwealth of Dominica
Grenada
St. Kitts and Nevis
Technical Assistance grant for capacity strengthening, and interconnection studies
Contingently recoverable grants or loans to support the exploratory stage of geothermal energy projects. Loans can be made available to a Special Purpose Vehicle (SPV) pursued in the context of a public-private partnership (PPP) arrangement
CDB loans to SPVs, established as PPPs for plant construction and GErelated infrastructure
Studies to support RE and EE investments
RE and EE investments
SEF/CTF resources for:
Geothermal exploratory drilling
SEF/Loan resources for:
Geothermal plant construction
Installation of infrastruture to support geothermal energy development
Saint Lucia
St. Vincent and the Grenadines
St. Kitts and Nevis The Commonwealth of Dominica Grenada Saint Lucia St. Vincent and the Grenadines