Although the Caribbean is host to many successful, first-of-their kind renewable energy projects, the pace and progress of the transition has been unequal across the region. Many countries remain in the demonstration step of the energy transition. This is because the majority of Caribbean clean energy projects need significant support in the early stages of project preparation, development, and de-risking to reach bankability and accelerate deployment at scale.
Small Island Developing States (SIDS) often lack sufficient funding for thorough project preparation. This includes a checklist of activities, such as running feasibility and environmental impact studies and preparing the site for construction to make the project “investor ready.”
This event, hosted by RMI at COP 28, brings together Caribbean government representatives, energy leaders, investors, and finance experts to discuss avenues to mobilize climate capital and radically scale the energy transition in the Caribbean, functioning as a model for other countries and regions in the Global South. The discussion focuses on practical solutions to break through project preparation barriers, which are currently hindering the number of projects ready for investment.
Engineering Manager with St. Kitts Electricity Company Limited (SKELEC)
Sustainable Energy Coordinator with the Caribbean Development Bank (CDB)
Learn MoreRMI seeks private and philanthropic partners to scale its energy transition efforts across the Global South. The goal: 10 GW of bankable renewable energy projects over the next three years.
RMI’s new Managing Director of Catalytic Climate Capital and the Global South is bringing her experience to deliver the speed and scale needed to accelerate climate solutions.
A generous donor is doubling all gifts, up to a total of $100,000, through June 30, 2024. Your gift helps RMI increase access to safer, healthier, and cleaner energy in more communities.
The shift to clean energy starts locally. It starts with you.
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