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LAUNCH AND PLANNING MEETING FOR THE RENEWABLE ENERGY AND ENERGY EFFICIENCY TECHNICAL ASSISTANCE (REETA) PROJECT

GEORGETOWN, GUYANA, 10-12 FEBRUARY 2014

 

BACKGROUND – REETA PROJECT

 

The Government of Germany through the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) has committed € 5.02 Million over the period September 2012 to August 2016 for the Renewable Energy and Energy Efficiency Technical Assistance (REETA) Project. The Project which is based at the Caribbean Community (CARICOM) Secretariat is aimed at supporting the institutional structure for the promotion of renewable energy (RE) and energy efficiency (EE) in the Caribbean.
The REETA Project will build on the achievements of the Caribbean Renewable Energy Development Programme (CREDP), but will have a stronger focus on, capacity development, energy efficiency and energy consumer needs. It is intended that the Project will provide support to the relevant actors to satisfy the demands of a growing market for RE and EE in the Caribbean.

 

Project Budget: € 5.02 Million

 

Project Duration: September 2012 to August 2016 (4 years)

 

The Project is aimed at achieving the following results: Increased capacity of regional and national stakeholders in the fields of RE and EE to meet the challenges and take advantage of the opportunities of the growing energy market in the Caribbean region.
Improved policy framework for RE deployment in CARICOM countries (RE policies and targets, energy units in Ministries, net metering and feed-in tariffs, power purchase agreements, fiscal incentives).
Increase in the number of regional development projects with support from other International Development Partners (IDB, EU, OAS, DFID, CDB, WB, EIB, UNDP, Denmark, ADA and AusAID) to support the advancement of RE and EE.
Increased interest and involvement of utilities in the areas of RE and EE.

 



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