Sustainable Energy Facility for the Eastern Caribbean

Sustainable Energy Facility for the Eastern Caribbean

  • Status Under implementation
  • Date approved 14 Oct 2016 at B.14
  • Est. completion 28 Aug 2027
  • ESS Category Category A

Financing commercial Geothermal Energy (GE) projects whilst strengthening legal and regulatory frameworks to underpin the development of GE potential in the East Caribbean region.

The five East Caribbean states of Dominica, Grenada, Saint Kitts & Nevis, Saint Lucia and Saint Vincent & Grenadines have small and isolated electricity markets that depend heavily on imported liquid fossil fuels for electricity generation. Geothermal Energy (GE) presents the largest available renewable energy resource, with the potential to provide low cost, reliable electricity generation.

The main barriers to GE development are the high investment cost, high uncertainty during early development stages, lack of access to capital and ability to finance through public debt, inadequate regulatory and policy frameworks, and other factors such as lack of technical skills and economies of scale.

The Sustainable Energy Facility for the Eastern Caribbean will address these financial, technical and institutional barriers by providing institutional strengthening and capacity building, and provide a financing package including concessional loans and reimbursable grants to mitigate exploration and other underlying risks and unlock investments in GE by the private sector, critical to develop GE projects in the region. The end result will be to deliver GHG Emission Reductions of 9.4 million TCO2e during the lifetime of the programme.

The project has an estimated lifespan of 8 years.

Total project value


Tonnes of emissions avoided




Result areas

Project timeline


24 Jun 2015 - 479 days

Concept note received

24 Jun 2015

Funding proposal received

01 Aug 2015


14 Oct 2016 - 1,049 days

Approved by GCF Board

14 Oct 2016

Cleared by iTAP

14 Oct 2016

Legal opinion on AE's Internal Approval

12 Dec 2018

FAA executed

10 Jun 2019

Under implementation

28 Aug 2019 - 834 days so far

FAA effective

28 Aug 2019

Disbursement - USD 2,000,000

25 Feb 2020


28 Aug 2027 - 2,089 days to go

One region

  • Latin America and the Caribbean

Five countries

One priority group

  • Small Island Developing States
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing3% disbursed

GrantUSD 4,000,000
LoanUSD 60,000,000
GrantUSD 16,000,000
Total GCF Financing
USD 80,000,000


Co-FinancingLoanUSD 16,810,000
Co-FinancingGrantUSD 19,050,000
Co-FinancingLoanUSD 20,000,000
Co-FinancingGrantUSD 500,000
Co-FinancingGrantUSD 1,240,000
Co-FinancingGrantUSD 1,935,698
Co-FinancingGrantUSD 5,607,167
Co-FinancingGrantUSD 18,300,000
Co-FinancingGrantUSD 14,000,000
Co-FinancingGrantUSD 15,000,000
Total Co-Financing
USD 112,442,865

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Inter-American Development Bank
Ms. Victoria Eugenia Florez Toro
Chief, Resource Mobilization Division
More contacts

National Designated Authority

Saint Kitts and Nevis
Department of Economic Affairs and Public Sector Investment Planning, Bladen Commercial Development
Ms. Lavern Queeley
Wellington Road, Saint Kitts and Nevis
Phone +869 467 1255
Phone +869 467 1056
Saint Lucia
Department of Economic Development, Transport and Civil Aviation
Mr. Claudius Emmanuel
Permanent Secretary (Ag.)
1st Floor, Finance Administrative Centre, Point Seraphine, Castries, Saint Lucia
Phone 1-758-468-5825
Mr. Tommy Descartes
Chief Economist (Ag.)
1st floor, Finance Administrative Centre, Point Seraphine, Castries, Saint Lucia
Phone + 1 -758-468-3814
Saint Vincent and the Grenadines
Ministry of Finance, Economic Planning, Sustainable Development, and Information Technology
Mr. Recardo Frederick
Director of Planning (Ag.)
2nd Floor Administrative Complex, Bay Street, Kingstown, Saint Vincent and the Grenadines
Phone +1 784 457 1746
Ministry of Economic Affairs, Planning, Resilience, Sustainable Development, Telecommunications and Broadcasting
Dr. Kyra Paul L’Homme
Acting Chief Development Officer
5th Floor, Financial Centre, Kennedy Avenue, Roseau, Dominica
Ministry of Finance, Planning, Economic Development and Physical Development
Dr. Kelvin Michael George
Director, Department of Economic and Technical Cooperation
Financial Complex, Carenage, St. George's, W.I., Grenada
Ms. Isha Abraham
Deputy Permanent Secretary
Financial Complex, Carenage, St. George's, Grenada
Phone 1-473-440-5883