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Regional Renewable Energy Project Financing Workshop and RETScreen Training

THE AGENDA: [download id=”238″]

The Caribbean Community (CARICOM) Secretariat wishes to advise that a Regional Renewable Energy Project Financing Workshop and RETScreen Training will be convened in Jamaica on 14-15 March 2012. The primary target group for the Workshop are existing and potential Renewable Energy (RE) project developers, sponsors and analysts.

It has been well established that there is tremendous scope for the development of Sustainable Energy (SE) Projects in the Region. However, there are critical barriers to be addressed. One of the key barriers identified in the development of SE Projects in the Caribbean is access to appropriate financing mechanisms. Historically, commercial banks and other financial institutions in the Region have not been amenable to providing resources for investment in RE and as such, despite the fact that RE projects in the Caribbean are relatively small, investors quite often are unable to access the resources to invest in these projects. The emergence of the carbon market and financing options through International Risk Guarantee Mechanisms present opportunities for RE project developers. Undoubtedly, the Caribbean is poised to make advancements in RE technologies contingent on the availability of financing. It is therefore imperative that the capacity be developed to take advantage of these financing options which may be available in the context of the Caribbean.

In light of the foregoing, the objectives of the Workshop are 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 CARICOM Secretariat would like to advise that the Workshop will be funded under the 9th European Development Fund (EDF) Caribbean Renewable Energy Capacity Support (CRECS) Project.

Category/ies:Events, Jamaica Events, Regional Events, Regional News.
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