The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

BELIZE

capacity, borrowing ceilings, etc. Despite some knowledge of national goals and targets related to RE there has been no engagement with the FIs and hence no business alignment. No special dispensation is in place for the RE sector. Their relationship with the other key stakeholders is depicted in the diagram below.

LEAD GOVERNMENT MINISTRIES

PRIVATE SECTOR INSTITUTIONS

REGIONAL INSTITUTIONS

FINANCIAL INSTITUTIONS

UTILITIES REGULATOR

FUNDING AGENCIES

HIGHER EDUCATION INSTITUTIONS

RENEWABLE ENERGY COMPANIES

Figure 3.19 | Relationships of Belize’s Financial Institutions

The slow progress in RE deployment has not created any pressure on the FIs to respond, leaving RE investors to rely primarily on self-financing.

3.4.4 | PRIVATE SECTOR INSTITUTIONS

The Belize private sector institutions are well linked together with the overall responsibility to support investment, facilitate export development and promotion, technical assistance, training and advocacy. On average, their membership includes 3 to 4 RECs. PSI have very few human resources, with an average of 5 persons per PSI. They are currently equipped to adequately execute their mandate on behalf of their members but may be challenged by the demands of a developing RE industry which is young and requires significant public sector support to create a more viable RE industry in Belize. They are also aware of the limited RE initiatives provided by Government but have few requests from RECs due to the lack of regulatory support. They recognize the need to provide training for RE professionals, sensitization and education of all areas of the public and private sector and a

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The Renewable Energy Industry in CARIFORUM Countries