Sustainable Energy for the Eastern Caribbean (SEEC) Programme | LAIF

Sustainable energy

COUNTRIES

Antigua & Barbuda, Dominica, Grenada, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia

DATES

Jun/2015 - Jun/2025 ONGOING

PROJECTED TOTAL INVESTMENT SIZE

€ 21 368 000

EU CONTRIBUTION

€ 4 450 000

SECTOR

Sustainable energy

TYPES OF SUPPORT

Investment Grants
Technical Assistance

DESCRIPTION

The objective of this programme is to reduce participating countries’ dependency on imported fossil fuels by displacing their use in electricity generation with economically viable investments in renewable energy (on the supply side) and energy efficiency (on the demand side). The programme, implemented by CDB, provides funding for investments for renewable energy and energy efficiency as well as technical assistance for institutional strengthening, capacity building and project support.

RESULTS

Greater capabilities in identifying, assessing and implementing renewable energy and energy efficiency projects.
Improved enabling environment (legal, regulatory and institutional frameworks for the electricity sector).
Enhanced market for renewable energy and energy efficiency financing.
6 MW of additional capacity from renewable energy sources.
Fossil fuel consumption reduced by 105,000 BBL/year.
Reduction of 39,000 tons CO₂/year.

LEAD FINANCING PARTNER

CO-FINANCING PARTNERS

CONTRIBUTION TO SUSTAINABLE DEVELOPMENT GOALS