The Smart Fund II would continue to use the Smart Fund program as the basis to promote renewable energy (RE) and energy efficiency (EE) in Barbados. The program would include: (i) retrofitting of all public buildings using performance based contracts; (ii) promotion of EE and RE through an on lending program sub executed by the Enterprise Growth Fund Limited (EGFL) targeting mainly hotels and other SMEs; (iii) demonstration and innovative programs promoting RE and EE such as: (a) smart grids, (b) energy storage; (c) electric mobility and (d) other innovative forms of renewable energy generation to meet Barbados RE and EE targets.
|Subsector||ENERGY-ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE|
|Project Type||Loan Operation|
|Environmental and Social Impact Category||B|
|Year and Category||2017A|
|Estimated Total Cost H||USD 40,000,000|
|Estimated IDB Financing|
|Financing Type||Investment Loan|
|Reporting currency||USD - United States Dollars|
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