U.S. initiative for Caribbean and Central America clean energy development
Dominica, Carribean (source: flickr/ kreyten, creative commons)
Alexander Richter
13 May 2015
The Clean Energy Finance Facility for the Caribbean and Central America (CEFF-CCA) aims to fund early stage development for clean energy projects.
With a fund of US $ 20 million, President Barack Obama´s administration pledged his support to Caribbean and Central American nations to encourage investment projects in clean energy projects. The so-called Clean Energy Finance Facility for the Caribbean and Central America (CEFF-CCA) aims to finance the early stages of green energy project development, such as feasibility studies and environmental impact assessments.
There are a lot of interesting and viable projects that get discarded due to the high risk and the lack of financial support for the early stage development and having the assistance of the CEFF-CCA will surely aid in the growth of green energy in the region.
Source: SciDevNet
