Caribbean Resilient Renewable Energy Infrastructure Investment Facility takes Spotlight at 17th Caribbean Renewable Energy Forum
23 May 2025, Basseterre, Saint Christopher (St Kitts) and Nevis – The World Bank Group hosted a Pre-CREF DAY forum under the theme ‘Unlocking the Caribbean’s Renewable Energy Potential: Strategic Pathways for Investment and Scale’, on 7 May.
The Forum showcased the recently approved multi-million dollar Caribbean Resilient Renewable Energy Infrastructure Investment Facility (RREIIF/Facility). The Facility, developed in partnership with member countries and the World Bank, is designed to tackle the most urgent and pressing barriers to deployment of clean energy in the Eastern Caribbean with the use of various risk mitigation tools and systemic support for building capacity.
The ECCB participated in a dedicated session titled: ‘Risk Mitigation Mechanisms to Scale up Utility Scale Renewable Energy’ highlighting the offerings of the Facility, other climate funds and innovative financing solutions in Small Island Developing States and other regions.
The high-level panel session saw over 120 participants; featuring contributions from:
- Honourable Kerryne James, Minister of Climate Resilience and Renewable Energy, Grenada
- Honourable Konris Maynard, Minister of Energy, Saint Kitts and Nevis, Chair of OECS Council of Ministers of Energy
- Kieran St Omer, Project Lead - Resilient Renewable Energy Infrastructure Investment Facility (RREIIF), Eastern Caribbean Central Bank
- Gillian Charles-Gollop, Executive Director & Head, Corporate Banking & Sustainable Finance, CIBC
- Neha Mukhi – Moderator / Senior Energy Specialist, World Bank
CREF 2025 also showcased a deep-dive technical workshop on RREIIF’s Risk Mitigation Fund gathering insights and feedback from key clean energy ecosystem stakeholders; including utility providers, power sector regulators and suppliers, renewable energy developers, financiers and governments. The technical consultation session was conducted by the World Bank Group, in collaboration with the ECCB, featuring presentations from the International Finance corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).
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Catch-up on the panels that shaped CREF 2025
Watch Session: Risk Mitigation Mechanisms to Scale up Utility Scale Renewable Energy
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About the Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank (ECCB) was established in October 1983. The ECCB is the Monetary Authority for: Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (St Kitts) and Nevis, Saint Lucia and Saint Vincent and the Grenadines.
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