Deadline: 16 February 2024
Do you have a company or project that would benefit from working with the Caribbean Inclusive Climate Finance Initiative (CICFI)? CICFI is looking for companies and projects that support the green energy transition, prioritize gender equality and social inclusion, and are raising capital to support growth.
The Caribbean Climate Investment Program (CCIP), an activity under the USAID Climate Finance Development Accelerator, aims to unlock private sector investments in renewable energy and energy efficiency technologies, adaptation actions, and natural climate solutions across the Caribbean. With a focus on small- and medium-sized enterprises, CCIP strengthens the capacity of climate finance seekers and facilitates matchmaking with climate finance providers to generate catalytic actions that put climate front and center.
CICFI is led by Deetken Impact, a Canadian registered investment fund manager with a 10-year track record of delivering strong, stable returns to investors by supporting businesses that make a meaningful contribution to the Sustainable Development Goals.
CICFI will select 15 projects to receive tailored acceleration services to strengthen key areas of project development, performance, and impact. Additionally, 5 high-impact projects will receive in-depth investment readiness advisory to mobilize capital, including advanced transaction advisory and support for studies, permitting, and Environmental and Social Management (ESMS) systems.
Services
- Acceleration Services
- They offer integrated and comprehensive acceleration and project development services. Services will be tailored to each project and designed to rapidly accelerate projects to bankability at various readiness levels.
- Activities: Assessment and gap analysis, debottlenecking, training for project sponsors, environmental and social risk management, gender awareness, community engagement.
- Capital Mobilization Services
- CICFI will support projects selected for acceleration to raise and close on capital.
- Activities: Legal, market, or permitting advice; environmental and social risk assessment; development of investor materials; investor outreach; and transaction negotiation support.
Criteria
The criteria for project selection include:
- Likely to achieve financial close within CICFI timeframe (18 months)
- Potential to attract private sector capital
- Prioritize gender equality and social inclusion
- In one of the following sectors: Clean Energy Generation, Energy Storage, Green Transportation Infrastructure, Energy Efficiency, Clean Technology, Electric Mobility, Waste management, Circular Economy and Green Finance
- In the Caribbean countries of Barbados, Dominica, Dominican Republic, Haiti, Grenada, Guyana, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, or Trinidad and Tobago.
For more information, visit USAID.
