The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

TRINIDAD AND TOBAGO

3.15.4 | PRIVATE SECTOR INSTITUTIONS

The Trinidad and Tobago private sector institutions have a strong focus on advocacy for their membership. Additionally, they provide general business support and training to build capacity as well as pursuing useful partnerships. They have an average of 20 staff members to execute their mandate. PSIs also have an average of 6 RECs amongst their membership. They believe that a clear policy on RE, a shift in government’s approach to energy rates and the removal of transfers and subsidies to the Oil and Gas sector are vital to the development of the RE sector. PSIs also feel that there is a need to create more policies to mitigate project risks, restructure the tax credit scheme and do more comprehensive resource mapping. Their relationship with the other key stakeholders is depicted in the diagram above. PSIs have good relationships with most RE stakeholder groups. However, their effectiveness is stifled by insufficient policy and regulation to support the RE Industry.

LEAD GOVERNMENT MINISTRIES

UTILITIES REGULATOR

REGIONAL INSTITUTIONS

PRIVATE SECTOR INSTITUTIONS

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

RENEWABLE ENERGY COMPANIES

Figure 3.73 – Relationships of Trinidad and Tobago’s Private Sector Institutions

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The Renewable Energy Industry in CARIFORUM Countries