Lauch of CFDA’s CCIP Project Preparation Facility
The Caribbean Climate Investment Program (CCIP), under USAID’s Climate Finance for Development Accelerator (CFDA), is excited to announce the launch of its project preparation facility (PPF)!
CCIP is a four-year activity that aims to unlock private sector investments in renewable energy and energy efficiency technologies, adaptation actions, and natural climate solutions across 14 countries in the Caribbean: Dominican Republic, Jamaica, Dominica, Grenada, Haiti, Antigua, the Bahamas, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Barbados, Trinidad and Tobago, Guyana, and Suriname. The PPF is one of three integrated mechanisms CCIP is deploying to build the capacity of climate finance seekers and facilitate matchmaking with climate finance providers. The PPF complements CCIP’s grant mechanism and on-demand technical assistance – all of which are offered to entrepreneurs at no cost.
CCIP’s PPF is implemented by a consortium between the Private Finance Advisory Network – Latin America and the Caribbean (PFAN-LAC), the Renewable Energy and Energy Efficiency Partnership (REEEP), and Innovación Social y Ambiental (ISA). The consortium will leverage the global PFAN model to provide business advisory, investment facilitation, and deal structuring services to a minimum of 40 entrepreneurs, assisting at least seven achieve investment readiness. Entrepreneurs who are advancing promising non-utility scale climate projects – especially those with a capital expenditure value of about USD 10M – are encouraged to apply. More information on the application process can be found here.
