The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

SAINT LUCIA

3.12.3 | FINANCIAL INSTITUTIONS The financial institutions in Saint Lucia are engaged with the other stakeholders. Commercial banks are open to RE requests for loan financing if applications meet the minimum qualifications set out for such loans. The RE Industry is still also quite small but growing. The Saint Lucia Development Bank operates a Climate Adaptation Finance Facility (CAFF) which is a funding mechanism designed to offer climate change adaptation loans which are affordable for the average citizen and provides incentives for RE deployment. This has assisted the industry significantly, particularly in the Tourism sector. The FI stakeholder relationships are extrapolated from the other stakeholders that interact with them. 3.12.4 | PRIVATE SECTOR INSTITUTIONS The Saint Lucia private sector institutions seek to foster business growth and development by providing capacity building, effective advocacy and relevant services to their membership. They focus on the promotion of businesses and opportunities for investment. They possess adequate capacity to execute their mandate today but may be challenged to keep up with a developing RE industry which is young and requires significant public sector support to creating a viable RE industry in Saint Lucia. The PSI stakeholder relationships are extrapolated from the other stakeholders that interact with them. 3.12.5 | HIGHER EDUCATION INSTITUTIONS The education institution in Saint Lucia that could potentially provide teaching and training for RE professionals is the Sir Arthur Lewis Community College (SALCC). It was established in 1985 and is named after Saint Lucian economist and Nobel laureate Sir Arthur Lewis. Unfortunately, SALCC does not offer renewable energy courses and has no significant relationships with the other key stakeholders in the RE Industry. The HEI stakeholder relationship is extrapolated from the other stakeholders that interact with it.

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The Renewable Energy Industry in CARIFORUM Countries