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[Caribbean] || Caribbean Renewable Energy Technical Assistance Facility (CRETAF)

1. Caribbean Renewable Energy Technical Assistance Facility (CRETAF)

CRETAF is a US $1.6 million initiative to provide early-stage, high risk financing for qualified projects.
CRETAF will assist developers in the final preparation of bankable project documents. This includes:
•    Full feasibility
•    Grid stability studies
•    Resource Assessments
•    Environmental Impact Assessment

Caribbean Renewable Energy Fund (CREF) seeks to provide equity and debt financing to renewable energy projects. CREF will co-invest with regional financial institutions (FI’s).
CREDP Eligible projects fall into two categories:
•    Wind
•    Biomass cogeneration
•    Small and mini-hydro
•    Geothermal
Off-Grid and Rural Electrification
•    Photovoltaics
•    Micro-hydro
•    Solar water heating
Project qualification criteria:
•    After tax ROI > 15%
•    Benefit costs ratios ³ 1 or NPV > 0 or DSCR > 1.5
•    Net foreign exchange savings
•    Net reduction in Green House Gas (GHG) emissions
•    Project levelised cost of energy and capacity < avoided cost of electric energy and capacity
•    Show a strong potential for duplication
•    Must have signed letter of support from the respective Government

Category/ies:Funding Opportunities.
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