Search Results for 'seec'

Sustainable Energy for the Eastern Caribbean

The Sustainable Energy for the Eastern Caribbean (SEEC) programme is a four-year multi-donor trust facility and one of the Smart Facilities and Programmes of CDB’s Energy Strategy. SEEC is designed to reduce dependency on imported fossil fuels in participating OECS countries. This will be done by displacing fossil fuels in electricity generation with economically viable investments in renewable energy and energy efficiency. SEEC is blended loan/grant facility, with partners UK’s Department for International Development (DFID) and the European Union’s Caribbean Investment Forum (EU-CIF) largely responsible for the grant contributions, and CDB providing loan resources. A key emphasis is energy efficiency improvements and renewable energy interventions in government buildings. This is important, as it will allow governments to lead by example as they seek to get the citizenry and the private sector to adopt more sustainable energy. SEEC represents a pilot endeavor from which CDB, as the executing agency, intends to learn for subsequent roll out of similar programmes to all the BMCs. The technical assistance interventions will also […]

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CDB signs renewable energy agreement with EU-CIF

Efforts by the Caribbean Development Bank (CDB) to promote the use of renewable energy and energy efficiency among its Borrowing Member Countries have been advanced by the signing of a Contribution Agreement with the European Union-Caribbean Investment Facility (EU-CIF), in Brussels, Belgium to support the new Sustainable Energy for the Eastern Caribbean (SEEC) Programme. The signing took place in Brussels on June 8 at a side-event to the second EU-CELAC/8th EU-LAC Summit being held June 9 – 11 under the theme: “Shaping our common future: working for prosperous, cohesive and sustainable societies for our citizens”. The SEEC Programme is a multi-partner loan and grant facility with a total budget of approximately €21.4 million.  The EU-CIF grant contribution of €4.45 million to the SEEC Programme will provide both technical assistance and investment grants to six beneficiary countries – Antigua and Barbuda, Grenada, Dominica, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines. The signing comes against the background of the CDB making energy security a thematic […]

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UK’s DFID strengthens Sustainable Energy for Eastern Caribbean Programme

The Government of the United Kingdom of Britain and Northern Ireland (UK) through the Department for International Development (DFID), signaled its further support for the promotion of sustainable energy in the region by agreeing to contribute £2.5 million to the Sustainable Energy for the Eastern Caribbean (SEEC) Programme executed by the Caribbean Development Bank (CDB). CDB’s Vice-President (Operations), Mrs. Patricia McKenzie; and Ms. Colleen Wainwright Head of Office of DFID yesterday signed a Memorandum of Understanding (MOU) to formalize the support.  The Programme provides innovative financing designed to advance sustainable energy solutions in the Eastern Caribbean countries of Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines. The development of sustainable energy options, which include renewable energy (RE) and energy efficiency (EE), can help countries improve energy security, reduce electricity costs; save on foreign exchange; and decrease greenhouse gas emissions.  Promotion of sustainable energy is being emphasized by the Bank as part of its strategic thrust to improve of energy security […]

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CDB: Region must “stay the course” with renewables and efficiency

The Caribbean Development Bank (CDB) has stepped up its drive to encourage public and private sector investments in sustainable energy – energy efficiency and renewable energy projects as a matter of priority, in spite of lower oil prices. To this end, the Bank is expanding the range of funding and technical assistance programmes that can be tapped by governments and commercial interests. In a recent interview, Head of the Bank’s Renewable Energy and Energy Efficiency Unit, Tessa Williams Robertson said the multi-lateral funding agency was particularly keen to support projects in solar, wind and geothermal energy, as priorities, but would support other renewable energy options such as bio-energy. “We are looking at the inclusion of renewable energy and energy efficiency components in all of our projects wherever the opportunity presents itself,” Mrs. Williams Robertson said. This approach is consistent with the Bank’s Climate Resilience Strategy, which recognises the critical role of sustainable energy  in achieving climate resilience, and contributes to the achievement of targets set within the CARICOM […]

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CDB signs agreement with IDB to secure USD71.5M Sustainable Energy Facility for the Eastern Caribbean

More funding has been put in place to facilitate the growth of the renewable energy sector in the Eastern Caribbean. The Sustainable Energy Facility (SEF) for the Eastern Caribbean; a USD 71.5 million loan and grant package was today signed by Presidents, Dr. William Warren Smith of the Caribbean Development Bank (CDB) and Luis Alberto Moreno of the Inter-American Development Bank (IDB).

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