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Caribbean Resilient Renewable Energy Infrastructure Investment Facility

Abstract*

The proposed project will mobilize private capital for scaling up renewable energy (RE) through risk mitigation of RE investments, project development and procurement support, direct investments in RE integration infrastructure, providing incentives for public sector using performance based criteria in the participating countries (St Lucia, Grenada and SVG ), and technical assistance at all participants countries and regional levels. The project...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To increase the share of utility-scale renewable energy generation and private sector participation in renewable energy development in the participating Caribbean countries.

Key Details

Project Details

  • P180831

  • Pipeline

  • Neha Mukhi , Alassane Agalassou, Natalie Nicolaou

  • Government of Saint Lucia,Eastern Caribbean Partial Credit Guarantee Corporation,Government of Grenada,Government of Saint Vincent and the Grenadines

  • Caribbean

  • April 21, 2023

  • (as of board presentation)

    April 17, 2025

  • N/A

  • US$ 0.00 million

  • Saint Lucia: Ministry of Infrastructure, Ports, Energy, and Labour,Grenada: Ministry of Climate Resilience, the Environment and Renewable Energy,Saint Vincent and the Grenadines: Ministry of Urban Development, Energy, Seaport, Grenadines Affairs and Local Government,Eastern Caribbean Partial Credit Guarantee Corporation

  • Latin America and Caribbean

  • 2025

  • US$ 115.17 million

  • N/A

  • May 15, 2023

  • December 31, 2032

  • Yes

  • BEGIN NEGOTIATION

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Energy Sector Management Assistance Program 3.00
Gender Trust Funds 0.20
IDA Credit 87.50
Clean Technology Fund 19.98
IDA Grant 2.50
Canada Clean Energy and Forest Climate Facility Trust Fund 1.99

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 90.00
IBRD + IDA Commitment 90.00
Lending Instrument
Grant Amount 25.17
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.