Welcome to the CCREEE Project Preparation Facility Application Portal!
The Project Preparation Facility (PPF) is currently accepting applications for private sector project support on a rolling basis.
Having formally launched on November 25th, 2020, the PPF has entered a commissioning phase where seed projects will be accepted until March 2021. The facility will be fully operationalized in April 2021, when it will also accept applications for public sector projects.
The Caribbean region is endowed with a wide variety of renewable resources and potential to generate clean energy. However, these resources are currently underexploited. Although investment in sustainable energy infrastructure and technologies in the region is growing, the stunted growth hinders the achievement of regional and national targets and goals.
In the Caribbean energy sector, successful project preparation is fraught with challenges across both the public and private sectors. In order for Caribbean Community (CARICOM) Member States to meet international, regional and national energy targets, renewable energy and energy efficiency projects must be successfully developed and implemented. While there is a plethora of project plans currently in the region, there is a disconnect between the sustainable energy projects being conceptualized and the volume of untapped capital available.
The Project Preparation Facility (PPF) therefore bridges this gap by addressing the technical barriers impacting the development of sustainable energy projects in the region. The PPF provides CARICOM Member States with project development support through advisory services, technical assistance and project developer-financier match–making. Our PPF services, tailored to meet the needs of project developers, project investors, financers, and financial institutions include:
Project investors can also benefit from financier networking, deal flow management, and due diligence facilitation services.
The PPF accepts sustainable energy projects that are located in at least one of the CARICOM Member States. The PPF is designed to support both private and public sector actors. However, at this time the PPF only accepts applications from private sector organizations. Additionally, applicants must fall within the following types of private sector organizations:
The PPF supports a wide range of projects across the project development cycle from pre-feasibility to financial close.
An early stage project with an initial configuration and assumptions. Analysis is needed to determine the technical and financial viability of the project.
At this stage, projects are subject to an in-depth study of all their aspects, including organization qualifications, and the final designs, commercial rational, financial needs and structuring, and impact assessments.
Late stage projects with a complete business plan and financial model in need of final requirements such as licenses and permits, power purchase agreements, preparation of documentation to secure EPC, and investor matchmaking.
To be eligible for support, projects must demonstrate economic viability and sustainability as well as the potential for significant impact in areas such as energy access, energy security, socio-economic development, social inclusion and gender equality.
The PPF services cover a broad range of renewable energy and energy efficiency technologies. Hybrid energy solutions which include a reasonable proportion of renewable energy are also eligible to the PPF. Systems may utilize either distributed or off-grid energy generation through:
Energy efficiency solutions applicable include:
The PPF also welcomes projects which provide sustainable energy solutions in the key nexus areas of water, health, food and agriculture, e-mobility, and the productive use of clean energy.
All applications to the Project Preparation Facility are to be made online through the CCREEE’s PPF Application Portal hosted by Climate Invest. The online application consists of an application form and two mandatory project documents:
Although non-mandatory at this time, applicants are encouraged to include a financial model or preliminary assessment of a project’s economic viability.
To access the CCREEE PPF Application Portal, register and create an account by clicking the button below.
If you have already registered, you may log in to the CCREEE PPF Application Portal below.
The CCREEE PPF is established with a view to tackle barriers to the development of high-quality sustainable energy projects across CARICOM, while our partners – the Credit Risk Abatement Facility (CRAF) – seek to incentivize additional lending from local financing institutions for renewable energy and energy efficiency interventions in CDF Member States. The CCREEE, through the PPF, provides technical assistance and advisory services to move sustainable energy projects along the pipeline towards investment readiness and therefore implementation. The CDF addresses financial constraints to the execution of these projects, by way of the CRAF. In the view of the CCREEE Executive Director, Dr Gary Jackson, these two facilities “go hand in hand.”
To learn more about how the PPF and the CRAF work together to accelerate sustainable energy project development and financing support, review the PPF-CRAF Factsheet and, to access financing support from the Credit Risk Abatement Facility, click their logo below.
Welcome to the CARICOM Energy Knowledge Hub, an information and knowledge management framework developed to ensure that appropriate, reliable and
high-quality information is available and accessible within the region.
An IRRP is a plan for how a country can supply its need for electricity for the foreseeable future. IRRPs are integrated because they consider many different resources to satisfy the need for electric power. These resources include power plants (diesel engines, gas turbines and hydro power plants etc.) and renewable energy sources, like solar farms, wind farms and geothermal power plants.