USAID/Dominican Republic Caribbean Financial Landscape Assessment of Clean Energy Investments Phase II Report
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Associated Project
Caribbean Clean Energy Financial Landscape Assessment
Prepared for:
U.S. Agency for International Development
Key Findings
- The Caribbean will need at least $4 billion in private investment to meet its goals for renewable energy by 2030
- Private financing is inhibited by political and regulatory risks, unreliable revenue streams and low maturation of projects beyond concept phase
- USAID could provide funds for credit guarantees, contingent equity-to-debt, credit lines and grants to accelerate clean energy adoption
- USAID can help countries address policy gaps by supporting energy master plans, secondary legislation, capacity building, and knowledge management
This report catalogues renewable energy and energy efficiency projects and their financing in twelve countries in the Caribbean as of mid-2022, assesses the scope and type of financing needed to increase renewable energy and energy efficiency, and recommends specific types of funding and technical assistance from USAID to aid these countries in achieving their goals. The countries included in the study are: Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago.
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