The United Arab Emirates government launched the USD 50 million UAE-Caribbean Renewable Energy Fund, which seeks to accelerate the deployment of generation assets in the Caribbean.

The Fund is designed to be flexible and can work with both public and private counterparts. The Fund will contribute to large projects or finance 100% of smaller projects.

National governments can submit project shortlists for the first funding cycle, which runs through June 2017. The Fund aims to sign four to six agreements per year. The Steering Committee of the Fund can be contacted directly.