PRESS RELEASE | August 15th, 2023
Brussels, August 15th, 2023 - RELP (formerly GREENMAP) is pleased to announce a strategic agreement with the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE), an institution of the Caribbean Community (CARICOM).
By leveraging RELP's experience and the CCREEE's regional knowledge and expertise, this collaboration agreement, signed on July 11th, aims to drive the expansion of renewable energy infrastructure; foster innovation in, and enhance the sustainability of, the energy sector in the Caribbean. The agreement also establishes CCREEE as a vital technical partner of RELP, supporting the conduct of comprehensive engineering analyses to support future actions on low-carbon energy development.
"We are thrilled to join forces with our new technical partner CCREEE and, together, drive and facilitate the development of renewable energy in the Caribbean. The region holds tremendous potential, and we have no doubt that through this collaboration we can achieve tangible results," said Ramiro Gomez Barinaga RELP’s Director of Finance Strategy Design.
In return, the Executive Director of CCREEE, Dr Gary Jackson said, “The CCREEE was established as a centre of excellence for accelerating sustainable energy implementation within the Caribbean and we are excited for the opportunity to provide Caribbean-centric experts to support RELP in its efforts to provide development assistance towards the energy transition within the region. The expectation is that there will be substantial transformation of the energy sector from its current state of dependence on expensive, imported fossil-based fuels to one that is reliable, affordable, climate-resilient, and, ultimately, improving the competitiveness of businesses and the lives of our people”.
By combining their respective strengths, both RELP and CCREEE aim to empower Caribbean nations to harness the full potential of renewable energy, reduce greenhouse gas emissions, and build a sustainable future for generations to come.
About RELP (formerly GREENMAP)
RELP is an impact-driven and independent non-profit organisation. We focus on accelerating the deployment of renewable generation in developing economies by directly supporting governments in the design and implementation of stable regulatory frameworks, competitive procurement processes, and new financial and credit enhancement tools, including program-based guarantees.
We focus on implementation to facilitate bankability, foster competition, and boost the local and foreign investments needed to materialise project installations, local economic and social development, and the reduction of GHG emissions.
About the CCREEE:
The Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE), headquartered in St. Michael, Barbados, was established by the Caribbean Community (CARICOM) Heads of Governments in April 2018 to transition the economies of the region to more sustainable energy use.
The CCREEE, is designed to directly address what is commonly referred to as an “implementation gap” within the regional sustainable energy landscape. It provides reliable and dedicated direct support to businesses, governments, and civil-society actors by complementing and backstopping the individual and institutional capacities for energy-sector planning and sustainable-energy project implementation. Its work includes the development of modern, long-range plans for the energy sector and the transformation of innovative project ideas and concepts into “bankable” technical proposals and business plans. Through its dedicated, reliable, and deliberate actions, the CCREEE provides secure and resilient energy solutions to continually improve the competitiveness of businesses and the quality of the lives of CARICOM citizens.