Technical Assistance Program for Sustainable Energy in the Caribbean - TAPSEC
The Technical Assistance Program for Sustainable Energy in the Caribbean (TAPSEC) was directly related to focal area 2 of the Caribbean Regional Indicative Program (CRIP), which focused on climate change, disaster management, enviroment, and sustainable energy, and addressed sustainable development of the countries. The overall objective of TAPSEC was to ensure the access of all CARIFORUM citizens to modern, clean and reliable energy supplies with a significant increased share of local and regional energy sources. GFA was responsible for the finance component of TAPSEC. The outcome indicator of the project was that financial institutions in the CARIFORUM states have committed to funding additional renewable energy / energy efficiency (RE/EE) or climate-resiliece projects with a total volume of US $ 100 million, of which US $ 20 million is invested in projects to promote the climate resilience of energy systems. For this, GFA identified innovative mechanism for financing RE and EE projects and facilitates their accessibility for project developers from the CARIFOUM region.