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$26m boost for energy fund

Barbershops, salons, minimarts and other small businesses can now access funding to upgrade their businesses into energy-smart and energy-efficient facilities, thanks to the European Union and the Inter-American Development Bank. The two international agencies together made available BDS$26.2 million to the fund to allow small and medium-sized business to get financing to invest in a range of sustainable energy products such as solar photovoltaic systems; solar water heaters; small wind … ....

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Barbados gets 'Smart': fund to boost 2030 clean energy drive


March 3, 2021
With the clock running down on Barbados’ goal of total reliance on green energy by 2030, a $90 million investment fund has been launched to kick-start carbon-neutral energy projects, under a partnership of two key donors to this country.
The Barbados Sustainable Energy Investment Programme, also known as Smart Fund II is being financed with a $60 million (US$30 million) investment loan from the Inter-American Development Bank (IDB) and a $30 million (US$15 million) investment grant provided by the European Union.
The Energy Smart Fund was first introduced towards the end of November 2011, with financial assistance from the IDB in the amount of $20 million (US$10 million), as part of an agreement for the Barbados Sustainable Energy Investment Programme.    ....

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