Today, in New York, the Commissioner in charge of International Cooperation and Development, Neven Mimica and the President of the Caribbean Development Bank, Dr Warren Smith, announced the formalisation of an EU grant contribution to the Geothermal Risk Mitigation Programme for the Eastern Caribbean. The Programme will facilitate the development of up to 60 MW of geothermal energy capacity in up to five countries – Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines.
The €12 million in grant funding will be used to provide investment grants at the exploration phase, as well as technical assistance to support capacity-building initiatives and studies that explore opportunities for, and the feasibility of, interconnection between islands to facilitate the export of electricity by geothermal energy producers.
From the Global Geothermal News archives:
- Monday, October 23, 2017 - Eastern Caribbean: Financing Provided to Support Sustainable Geothermal Development in Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines
- Wednesday, February 22, 2017 - Caribbean: Regional Development Banks to Continue Support for Renewable Energy