Resource mobilization is a key component of any sustainable undertaking.

TAPSEC’s activities within the Finance component are focused on designing, implementing and promoting innovative financing models for Renewable Energy (RE) and Energy Efficiency (EE) Projects, while also devising mechanisms to reduce transaction costs for such projects.

TAPSEC’s Finance Component is dedicated to the development of innovative financing mechanisms for renewable energy and energy efficiency projects, with a specific focus on the accessibility of these mechanisms to local and regional project developers.

It is anticipated that at least US$100 million in project development will be realized within the RE/EE sector of CARIFORUM countries.

To achieve this goal, TAPSEC is facilitating the establishment of a Project Preparation Facility (PPF) in collaboration with the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE). The PPF will provide developers with a mechanism for supporting the bankability of projects.

Through these innovative approaches and strategic synergies, we will increase the number of bankable RE/EE  private sector projects and technology solutions through business models and/or financial mechanisms for reducing the transaction costs of energy solutions

FINANCE INTERVENTIONS

Project Preparation Facility

Credit Risk Abatement Facility (CRAF)

Bankability Assessment

Investment Facilitation

Increased RE/EE Portfolio at Regional and Local Financial Institutions and Development Banks

Key Finance Impact

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Private Sector Projects

By 2021, 8 private sector project on RE or EE will receive technical support towards preparing bankable project documents, or accessing bank loans

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Technology Solutions

By 2021, 6 technology solutions will be supported with the development of business models and/or financial mechanisms to reduce transaction costs

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CARIFORUM countries

By 2021, 12 CARIFORUM countries will benefit from programmes and projects linked to climate financing mechanisms

Key Finance Partnerships

CARICOM Secretariat
CARICOM Secretariat
Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE)
Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE)
Ministry of Energy and Mining Dominican Republic (MEM)
Ministry of Energy and Mining Dominican Republic (MEM)
Caribbean Development Bank (CDB)
Caribbean Development Bank (CDB)
CARICOM Development Fund
CARICOM Development Fund
National Development Banks
National Development Banks
National Financial Institutions
National Financial Institutions
Trade Associations
Trade Associations

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