Assessing Financial Mechanisms to Expand Distributed Generation and Energy Efficiency, Caribbean Region

Client needs

IDB Invest is helping the Caribbean Energy Finance Company Limited (CEFCL), a fund that offers leasing for distributed generation and energy efficiency in Jamaica, identify investment opportunities that it could pursue to expand its business model in other Caribbean countries.

How Castalia helped

• Market study of potential clients, EPC partners, and competitors that may impact CEFCL’s expansion plan
• Led stakeholder interviews and consultations
• Advised on a leasing model to support distributed generation and energy efficiency
• Estimated total market size for distributed generation and energy efficiency across commercial and industrial customers
• Recommended opportunities for CEFCL to enter new markets, such as expansion into Barbados and the Grand Bahama.

The outcome of our work

Our recommendations were accepted by CEFCL in late 2022, who will proceed with the proposed strategy in 2023.