Caribbean Renewable Energy Development Programme

Project Summary

This project aims at removing barriers to renewable energy utilisation in the Caribbean. Through specific actions to overcome policy, finance, capacity and awareness barriers it is estimated that the contribution of renewable energy sources to the region's energy balance will be significantly increased. Currently, renewable energy provides less than 2% of the region's commercial electricity. It is estimated that due to the planned barrier removal activities the share of renewable energy could reach 5% by 2015. This would imply annual reductions of CO2 emissions by some 680,000 tons. Part of the GEF funding will be used through non-grant instruments to remove incremental risks related to RE investments thus improving the cost-effectiveness of the GEF resource utilisation. Participating countries: Antigua and Barbuda, the Bahamas, Barbados, Belize, British Virgin Islands, Cuba, Dominica, Grenada, Guyana, Jamaica, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Suriname, Trinidad and Tobago and Turks and Caicos.

Project Details

GEF Project ID
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
United Nations Development Programme
Executing Agencies
GEF Period:
GEF - 2
Approval Fiscal Year:


Project Preparation Grant Amount
309,000 USD
GEF Project Grant
3,726,000 USD
Co-financing Total
12,450,000 USD
GEF Agency Fees
382,000 USD
Total Cost 16,485,000.00 USD

Project Timeline

Received by GEF
Preparation Grant Approved
30 Sep 1998
Project Approved for Implementation
20 Feb 2004
Project closed
01 Sep 2011