Kerri Gooding
Published on October 14, 2026
The Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) has launched its Energy Investment Platform (EIP), a Caribbean-owned regional framework designed to aggregate energy demand, mobilise investment and advance pooled procurement across CARICOM Member States.
Announced by CCREEE Executive Director Dr Mohammad Nagdee during the hybrid opening ceremony of the Caribbean Renewable Energy Forum (CREF) 2026, the platform seeks to turn regional energy ambitions into coordinated investment and tangible development outcomes.
The launch comes as the Caribbean works to accelerate its energy transition and meet regional and international climate and sustainable development commitments. Under the Caribbean Sustainable Energy Roadmap and Strategy (C-SERMS), CARICOM established a target of 47 per cent renewable energy in total electricity generation by 2027. With this deadline approaching, accelerating investment, strengthening regional cooperation and addressing barriers to project implementation remain critical to advancing the region’s renewable energy ambitions. 
“The challenge is no longer simply about setting targets or identifying the technologies we need. It is about how we organise ourselves as a region to translate our ambitions into investments, and investments into tangible development outcomes,” Dr Nagdee said.
Kiesha Farnum, CCREEE’s Head of Partnerships and Programmes, introduced the EIP as a regional framework built around three core functions: demand aggregation, investment mobilisation and pooled procurement. By coordinating compatible national energy requirements, the platform aims to strengthen purchasing power, improve access to financing and technical expertise, and reduce inefficiencies while preserving national decision-making.
The platform is structured around five interconnected pillars: regional demand aggregation and pooled procurement; technology assurance and pre-qualified expertise; investment readiness and finance mobilisation; policy, legislative and regulatory harmonisation; and regional institutional strengthening and sustainability.
The Regional Pooled Procurement Workshop, held alongside the launch, focused on the first pillar. Working with Renewable Energy for All (RELP), its co-host, CCREEE is exploring how compatible energy requirements across countries can be combined to improve market competitiveness and create opportunities for more efficient procurement.
Stakeholder participation will be central to the EIP’s development. Governments and utilities can identify national priorities, confirm energy requirements and contribute suitable projects to a regional pipeline. Financing institutions can engage early to help align projects with financing criteria, while technical partners and qualified suppliers can contribute expertise, technologies and implementation capacity. Development partners can support project preparation, financing and common procurement approaches.
The platform will not require every project to be aggregated. Instead, it will focus on opportunities where compatible, sufficiently prepared demand offers clear value through regional coordination, while respecting national requirements and country-level authority.
The EIP is intended to complement existing regional and international initiatives, providing a practical mechanism to connect energy priorities with investment opportunities and implementation capacity. Its long-term ambition is to establish a sustainable regional approach that repeatedly converts viable energy projects into competitive investments and resilient infrastructure.
“Regional integration must become more than a policy aspiration. It must become a practical mechanism for delivering investment,” Dr Nagdee stated.
ENDS
About CCREEE
The Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) is a specialised regional multilateral institution of the Caribbean Community (CARICOM) that supports the region’s sustainable energy transition and achieving net zero targets through regional collaboration, technical assistance and strategic partnerships.
