The Renewable Energy Industry in CARIFORUM Countries

COUNTRY INDICATOR ANALYSIS

b)

Private sector institutions have mandates to support government and businesses, including RECs In many cases, there is an investment focus that seeks to court foreign and local investors to ultimately secure their investment funds, using a package of incentives in most cases. Figure 4.18 gives insight into how well they performed; that is, to what extent they accomplished their mandate

SUPPORT POTENTIAL VS PERFORMANCE

20% 30% 40% 50% 60% 70% 80% 90% 10% 0%

Haiti

Belize

Guyana

Jamaica

St. Lucia

Grenada

Bahamas

Barbados

Dominica

Suriname

St. Kitts & Nevis

Trinidad & Tobago

Antigua & Barbuda

Dominican Republic

St. Vincent & the Grenadines

SUPPORT POTENTIAL

SUPPORT PERFORMANCE

Figure 4.18 | Potential Vs Performance for Support

Figure 4.18 also shows private sector institutions underperforming in terms of securing the needed investments for the RE sector. For those underperforming countries, this reflects an unarticulated or unclear policy environment. Once this is addressed the only additional concern would be to provide the appropriate human capacity levels. Some estimates are made based on Barbados and St. Vincent and the Grenadines.

The Renewable Energy Industry in CARIFORUM Countries

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