CARILEC Resiliency and Energy Efficiency Project
The CARILEC Resiliency and Energy Efficiency Project (CAREEP) aims to strengthen economic resilience and reduce the financial vulnerability of the Caribbean’s electricity sector. It specifically targets electricity consumers, with a particular focus on low-income households, as well as Electric Utilities and Energy Service providers, and out-of-work professionals formerly employed in the tourism sector.
The overall aim of the project is to create new business opportunities in the area of sustainable and innovative energy services while building capacities by diversifying the skills of the local workforce. We intend to achieve this through various interventions in six overseas country territories namely Anguilla, British Virgin Islands, Cayman Islands, Montserrat, Sint Maarten and Turks and Caicos Islands. These interventions will include a regional public education and awareness programme centered on household energy conservation measures, as well as the establishment of a stakeholder working group to assess options for new energy services and policy recommendations.
Predictably priced energy is crucial to the reliable functioning of economic processes across the Caribbean. It is also necessary to facilitate improvements in the standard of living throughout the region. CAREEP is therefore a pivotal initiative at this time, considering the region’s vulnerability toward climate change and its significant untapped potential for renewable energy and energy efficiency.
The project is being implemented by the Caribbean Electric Utility Services Corporation (CARILEC) with funding from the RESEMBID Programme to the tune of €467,715.