Deadline: 5-Nov-23
The Caribbean Climate Investment Program (CCIP), a buy-in activity under the United States Agency for International Development (USAID) Climate Finance for Development Accelerator (CFDA), is seeking applications to mobilize private sector financing for technologies that advance climate mitigation and adaptation goals across the Caribbean region.
Although private capital is increasingly directed at the energy transition in emerging markets, it is not yet at the speed and scale needed to address the global climate crisis.
The Climate Finance for Development Accelerator (referred to as CFDA or “the Accelerator”) is a global USAID-funded climate finance activity that aims to mobilize private finance and private sector actions that support the transition to an equitable and resilient net-zero economy. CFDA aims to mobilize $2.5 billion of additional private and public finance for climate adaptation and mitigation by 2030 by creating incentives and reducing risks for large-scale investments that address the climate finance gap. CFDA is implemented by Chemonics International, an international development consulting firm and manager of large, complex projects globally.
The primary focus of this APS is to catalyze financing for the development of RE and EE technology and deploy climate change adaptation interventions that increase the resiliency of clean energy investments in the region.
Objectives
- CFDA, in collaboration with the USAID/Dominican Republic, will implement a 4-year, $23.5 million buy in activity, the Caribbean Climate Investment Program (CCIP). CCIP is a catalytic activity which aims to unlock and increase private sector investments in social and environmentally sound renewable energy (RE) and energy efficiency (EE) projects and natural climate solutions with the following objectives:
- Objective 1. Business development service facilitation to private sector partners working with RE/EE technologies;
- Objective 2. Access to finance, de-risking instruments, and lending products to climate finance seekers working with RE/EE technologies; and
- Objective 3. Technical and financial support to businesses, communities and other entities in developing, scaling, or improving adaptation practices and technologies.
Funding Information
- CFDA anticipates awarding a minimum of 10 grant awards through this APS. Grants are limited to $1 million U.S. Dollars per award for Caribbean or other non-U.S. organizations and $500,000 for U.S. organizations (not-for-profits or for-profits). Through these awards, CFDA will adhere to a minimum 1:1 leverage for partnerships for locally led grants. This is the minimum cost leverage and applicants, particularly those from the private sector, are encouraged to achieve higher leverage amounts.
Geographic Scope
- CCIP will support climate investments across the Dominican Republic, Jamaica, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines, Barbados, Trinidad and Tobago, Guyana and Suriname.
Eligibility Criteria
- Applicants must be:
- A private Caribbean-based business or organization (not-for-profit or for-profit) or a private international for-profit or non-profit organization or business developing and piloting cutting-edge RE, EE, or climate adaptation technology which can be scaled in CCIP priority countries.
- Applicants may only submit one concept at a time per organization under this APS.
- Applicants must be able to demonstrate successful past performance in implementation of integrated development programs related to CCIP’s priority areas.
- Applicants must display sound management in the form of financial, administrative, and technical policies and procedures and present a system of internal controls that safeguard assets; protect against fraud, waste, and abuse; and support the achievement of program goals and objectives. CFDA will assess this capability prior to awarding a grant.
- Applicants must sign certain required certifications prior to receiving a grant. The certifications will be provided to applicants selected to advance to the next phase and present a full application.
- For any grant award(s) resulting from this solicitation that is other than in-kind, equivalent to $25,000 USD or more, and has no anticipated subawards, grantees will be required to provide a UEI at the time of award. If the applicant already has a UEI number, it should be included in their concept paper. Otherwise, applicants will be expected to get a UEI number before an award is made. CFDA will assist successful applicants with this process. More information on UEIs can be found here.
- The project will work with the successful grantee to draft a marking and branding plan which will be annexed to the grant agreement.
- Faith-based and community groups will receive equal opportunity for funding in accordance with the mandated guidelines laid out in ADS 303.3.28 except for faith-based organizations whose objectives are for discriminatory and religious purposes, and whose main objective of the grant is of a religious nature.
- Public International Organizations (PIOs) and partner government entities (ministry, department, agency, service, district, municipality, or public universities) are not eligible for financing under CCIP.
For more information, visit CCIP.