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Energy Desk Announces 4.5 million euro capacity support project for the Caribbean

At the recently concluded Regional Renewable Energy Project Financing Workshop and RETScreen Training Workshop convened in Jamaica on 14-15 March 2012. The Workshop’s introduction was given by Dr. Stoddard, Specialist, CRECS Project, CARICOM.

The welcome address delivered by Mrs. Yvonne Barrett-Edwards, Director, Energy Economics, Ministry of Science and Technology, Energy and Mining in Jamaica.

Mr. Joseph Williams, Programme Manager, CARICOM Energy Desk in his opening remarks spoke of key initiatives the office was exploring such as the:

  • First Draft of the Regional Road Map and Strategy which should be ready by the end of 2012.
  • Looking to build a network for research in the Caribbean ( one step in this process was a workshop looking at research and development and capacity building in the region held last year)
  • Regional Model Framework to enhance planning and harmonize the way we examine data for consistency- both on the government side and for investment decision.
  • Collaborating further in the regards to the Regional Climate Change Implementation Plan given that energy is such a critical component.

Mr. Williams later revealed that a 4.5 million euro German-funded project will be providing technical assistance and capacity support to the region. The unnamed project would seek to support member states and respective organizations regionally.  The Energy Desk also took the opportunity at the workshop to announce that it is planning to host a conference in September 2012 to strategically look at what is being done.

The primary target group for the Workshop are existing and potential Renewable Energy (RE) project developers, sponsors and analysts.

The objectives of the Workshop were to :

(i)         Train existing and potential project developers, sponsors and analysts in the preparation of RE projects in keeping with the stipulated requirements of targeted financing facilities and to expose them to the range of proven innovative financing options available to support RE development; and

(ii)        Increase skills in RE project analysis and assessment using RETScreen and other software by training stakeholders, project analysts and financiers in the use of the software.

The Workshop was funded under the 9th European Development Fund (EDF) Caribbean Renewable Energy Capacity Support (CRECS) Project.



Category/ies:Jamaica News, Regional News.
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