The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

3.17.9 | INTERNATIONAL RENEWABLE ENERGY AGENCY

3.17.10 | ROCKY MOUNTAIN INSTITUTE The International Renewable Energy Agency (IRENA) is an intergovernmental organization that supports countries in their transition to a sustainable energy future and serves as the principal platform for international cooperation. It promotes the widespread adoption and sustainable use of all forms of renewable energy in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity. With a mandate from countries around the world, IRENA encourages governments to: • Adopt enabling policies for renewable energy investments • Provide practical tools and policy advice to accelerate renewable energy deployment • Facilitate knowledge sharing and technology transfer to provide clean, sustainable energy IRENA assists the Caribbean region with a wide range of products and services, including: • Renewable energy capacity statistics • Renewable energy cost studies • Renewables Readiness Assessments, conducted in partnership with governments and regional organizations • The Global Atlas, which maps resource potential by source and by location • Renewable energy benefits studies • Facilitation of renewable energy planning • Integrated resource planning All requests for assistance are made by governments. The Rocky Mountain Institute (RMI) is a non-profit independent organization that supports countries in their transition from fossil-based energy to clean energy sources. One major focus is energy planning. RMI assists the Caribbean region with: • Implementing clean energy projects • Energy Planning • Renewable energy benefits studies RMI primarily uses grant funds to support the region. These are new grant funds which were not previously earmarked for the region. Sources include the EU and the governments of other developed countries. They currently have $1B in projects in the pipeline and estimates that their work will save the region $9B annually and create 75,000 new jobs by 2030. They implement projects in countries which meet some basic criteria including: • Funds provided by a donor may only be used in countries from that donor’s qualifying list of countries • Strong political will to implement changes exists • Government and electricity utilities agree on interventions

Since RMI operates at the national level, all requests are filtered using the criteria above. They execute their own projects and may therefore perform some local procurement at their discretion.

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The Renewable Energy Industry in CARIFORUM Countries