Approval Date: October 2016
Starting Date: May 2017
Ending Date: May 2025
Executing Entity:Caribbean Development Bank (CDB)
Total Funding Amount:$190.5 Million USD
The Sustainable Energy Facility (SEF) for the Eastern Caribbean aims to address the barriers that the islands in that region face to geothermal energy development by providing institutional strengthening, capacity building and a financing package that mitigates exploration risks and unlocks private sector investments. These measures are necessary for the development of geothermal energy projects. Out of 190.5 million USD, 80 million USD will come from the Green Climate Fund for the islands of Dominica, Grenada, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, with the accredited entity being the Inter-American Development Bank.