MOEJ and IRENA organised a three-day training program to support the development of project proposals to access climate finance by SIDS stakeholders through various entities including local banks and climate finance entities.
Organised in the framework of the SIDS Lighthouses Initiative and co-organised with the Indian Ocean Commission (IOC), the regional workshop on renewable energy project development and financing in the Indian Ocean Islands supported capacity building efforts by implementing a regional training on project development and financing for local SIDS stakeholders.
Under the framework of the SIDS Lighthouses Initiative, IRENA held a technical workshop on project development and financing for Caribbean and Pacific SIDS stakeholders during IPS Connect 2018.
IRENA and the High-level Climate Champions hosted this event to support the accelerated mobilisation of investments and finance for energy transitions in SIDS for improved livelihoods and poverty eradication.
The capacity building event contributed to the improvement of PPAs (Power Purchase Agreements) in the region and enhanced the capability of local utilities and regulators to design bankable contracts, with the final goal of contributing to effective commitment of private capital to the deployment of renewable energy projects in SIDS of the Pacific.
A five-day workshop, jointly organised by the Ministry of the Environment of Japan and IRENA, aims to support the development of bankable project proposals to access climate finance, especially from the GCF, by various stakeholders, including Regional and National Direct AEs from SIDS.
The capacity building workshop was a national level, 2-days training that covered the theoretical aspect of climate investments and flows as well as the approaches and practices adopted to track and report these investments and financial flows.
The capacity building event was expected to contribute to the improvement of PPAs in the Atlantic, Indian Ocean, South China Sea (AIS) region.
The Government of Barbados and the International Renewable Energy Agency (IRENA) co-hosted an event on the IRENA-Caribbean Cooperation for fostering Energy Transition Investments and Finance.