FINANCING OPTIONS FOR REGIONAL SUSTAINABLE ENERGY PROJECTS

Launch/Planning Meeting REETA Project

Georgetown, GUYANA

February 10 – 12, 2014

T. Williams-RobertsonHead, Renewable Energy/Energy Efficiency Unit

Office of Vice-President, Operations

February 12, 2014

CDB Purpose

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Regional MembersBorrowing Member Countries

Anguilla Antigua and Barbuda Bahamas, The Barbados Belize British Virgin Islands Cayman Islands Dominica Grenada

Guyana Haiti Jamaica Montserrat St. Kitts and Nevis St. Lucia St. Vincent & the Grenadines Suriname Trinidad and Tobago Turks and Caicos Islands

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Other Regional Members

Colombia

Mexico

Venezuela

6

Non-Regional Members

ChinaCanada

Germany Italy

United Kingdom

CDB & Sustainable Development

Climate Resilience Strategy

Climate Resilience Strategy (2)

Regional Energy Sector

CDB Response RE/EE

Target Energy Sector

Global Funds

Accessing Climate Finance

GEF Trust Fund Grants (1991-2012)

LDCF SCCF AF Pilot Program for Climate Resilience

Global 694 national projects

USD 2.5 billion

158 Projects

USD 504 million

39 Projects

USD 135 million

28 Projects

USD 184 million

Total Pledges

USD 1.3 billion

Caribbean 33 Projects

USD 23.7 million(grants)

3 Projects

USD 6.4 million(grants)

1 Projects

USD 715,000(grants)

1 Project*°

USD 9.96million(grants)

Caribbean Program

USD 60-75 million (grants)

USD 36 million (other concessional resources)

* + one endorsed concept for Belize° direct access project in Jamaica

CDB Own Resources to BMCs

• Ordinary Capital Resources;– Country Strategies prepared 3-4

years– Variable Interest Rate, currently

4%

• Special development Resources (SDF)– Agreed themes with contributors– Concessionary rate 2.5%

EIB Climate Action Line of Credit

EIB TA Support to CALC

EU-Caribbean Investment Facility (CIF)

• CDB eligible to access CIF resources as MDB

• CIF Funding available including RE/EE:– 10th EDF = EU 47 mn– 11th EDF = EU 140 mn

• Participate in Technical Group - Financial Institutions Group (FIG)

Role of CTCS

OECS Sustainable Energy

OECS SETA Status (2)

PROPOSED SEEC

FINANCIAL INTERMEDIARY PILOT

Already started and included in SEEC:

•USD 2 million CDB pilot with 4 OECS DFIs = 4*500K•Concessionary SDF resources•CTCS network leading on EAs•Technical capacity-building FIs, Auditors, Contractors, sub-loan clients

SEEC Scope

• Niche for early SEEC focus on:– retrofitting government buildings – MSMEs through FIs– Build Capacity Energy Auditors, FIs– Implementation Recs OECS/SETA Project

• GEF resources as counterpart for 3 OECS countries

• Include arrangements for other donors to join• CDB-financing for credit risk guarantee for

CDB lending through FIs

INITIATIVES

Various Regional Initiatives financed by Donors:

– CDB-financed OECS Sustainable Energy Technical Assistance

(SETA) Project– CREDP project identification already undertaken, Program

extended.– Sustainable Energy Audit Protocol developed, Energy Audits

launched – SLU, DOM through DFIs– 5Cs EE Project –ANU, GRN, SLU, T&T launch Aug 2013

– REETA– SIDS DOCK

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This is our RegionLet us protect it for our future!

Thank You!