The Renewable Energy Industry in CARIFORUM Countries

COUNTRY INDICATOR ANALYSIS

COUNTRY

RE INDUSTRY DEFINITION AND NEEDS

All stakeholders are important in this policy model which has encouraged MSMEs and residents to implement RE systems with connections to the grid. All relationships require strengthening with a focus on FIs, HEIs and RECS. • HEIs need to be actively involved in building technical capacity. • FIs need to revisit lending policies in order to align with RE project requirements. • RECS need to engage more with Government and HEI to gain inclusion into the planning processes. There is written policy supporting inter-connection, but this is not seen in the market since only IPPs have been participating. The policy has not impacted the status of the local RE Industry. Large implementations appear to be the priority and the RE target of 25% is relatively low. Many of the key relationships require strengthening with a focus on FIs and PSIs. The government needs to better articulate their policies and increase their engagement with the private sector. • PSIs need to assist FIs and RECs in becoming more aligned to policy • FIs need to revisit lending policies in order to align with RE project requirements While there is written policy, the regulations to support inter-connection are not in place. This impacts the status of the local RE Industry. All stakeholders are important in this policy model which has encouraged MSMEs and residents to implement RE systems with connections to the grid. In particular, the relationships of the HEIs require strengthening. • HEIs need to be more actively involved in building technical capacity. • With Regulations in place, FIs would need to revisit lending policies in order to align with RE project requirements. While there is written policy, the regulations to support inter-connection are not in place. This impacts the status of the local RE Industry. All stakeholders are important in this policy model which has encouraged MSMEs and residents to implement RE systems with connections to the grid. All relationships except PSIs and the responsible ministry require strengthening with a focus on HEIs, FIs and the utilities regulator. • HEIs need to be more actively involved in building technical capacity. • With regulations in place, FIs would need to revisit lending policies in order to align with RE project requirements. • Regulations need to be better articulated to the PSIs and other stakeholders.

DOMINICA

DOMINICAN REPUBLIC

GRENADA

GUYANA

Table 4.3 | RE Industry Definition and Needs

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The Renewable Energy Industry in CARIFORUM Countries