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FINANCING OPTIONS FOR REGIONAL SUSTAINABLE ENERGY PROJECTS

Launch/Planning Meeting REETA Project Georgetown, GUYANA February 10 – 12, 2014. FINANCING OPTIONS FOR REGIONAL SUSTAINABLE ENERGY PROJECTS. T. Williams-Robertson Head, Renewable Energy/Energy Efficiency Unit Office of Vice-President, Operations February 12, 2014. CDB Purpose. Anguilla

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FINANCING OPTIONS FOR REGIONAL SUSTAINABLE ENERGY PROJECTS

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  1. Launch/Planning Meeting REETA Project Georgetown, GUYANA February 10 – 12, 2014 FINANCING OPTIONS FOR REGIONAL SUSTAINABLE ENERGY PROJECTS T. Williams-Robertson Head, Renewable Energy/Energy Efficiency Unit Office of Vice-President, Operations February 12, 2014

  2. CDB Purpose

  3. Anguilla Antigua and Barbuda Bahamas, The Barbados Belize British Virgin Islands Cayman Islands Dominica Grenada Regional MembersBorrowing Member Countries • Guyana • Haiti • Jamaica • Montserrat • St. Kitts and Nevis • St. Lucia • St. Vincent & the Grenadines • Suriname • Trinidad and Tobago • Turks and Caicos Islands

  4. CDB & Sustainable Development

  5. Climate Resilience Strategy

  6. Climate Resilience Strategy (2)

  7. Regional Energy Sector

  8. CDB Response RE/EE

  9. Target Energy Sector

  10. Global Funds

  11. Accessing Climate Finance * + one endorsed concept for Belize ° direct access project in Jamaica

  12. CDB Own Resources to BMCs • Ordinary Capital Resources; • Country Strategies prepared 3-4 years • Variable Interest Rate, currently 4% • Special development Resources (SDF) • Agreed themes with contributors • Concessionary rate 2.5%

  13. EIB Climate Action Line of Credit

  14. EIB TA Support to CALC

  15. EU-Caribbean Investment Facility (CIF) • CDB eligible to access CIF resources as MDB • CIF Funding available including RE/EE: • 10th EDF = EU 47 mn • 11th EDF = EU 140 mn • Participate in Technical Group - Financial Institutions Group (FIG)

  16. Role of CTCS

  17. OECS Sustainable Energy

  18. OECS SETA Status (2)

  19. PROPOSED SEEC

  20. FINANCIAL INTERMEDIARY PILOT Already started and included in SEEC: • USD 2 million CDB pilot with 4 OECS DFIs = 4*500K • Concessionary SDF resources • CTCS network leading on EAs • Technical capacity-building FIs, Auditors, Contractors, sub-loan clients

  21. SEEC Scope • Niche for early SEEC focus on: • retrofitting government buildings • MSMEs through FIs • Build Capacity Energy Auditors, FIs • Implementation Recs OECS/SETA Project • GEF resources as counterpart for 3 OECS countries • Include arrangements for other donors to join • CDB-financing for credit risk guarantee for CDB lending through FIs

  22. INITIATIVES Various Regional Initiatives financed by Donors: • CDB-financed OECS Sustainable Energy Technical Assistance (SETA) Project • CREDP project identification already undertaken, Program extended. • Sustainable Energy Audit Protocol developed, Energy Audits launched – SLU, DOM through DFIs • 5Cs EE Project –ANU, GRN, SLU, T&T launch Aug 2013 • REETA • SIDS DOCK

  23. This is our Region • Let us protect it for our future! • Thank You!

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