Paving the way for the 2020 Island Resilience Action Challenge which will take place on December 17, CREF 2020 will feature milestone updates from the two taskforces which emerged out of IRAC 2019. Racquel Moses of the Caribbean Climate Accelerator has been at the helm of one of the two task forces, seeking to put in place the foundations of, and launch, a blended finance impact fund. At the helm of the other taskforce is Ellsworth Dacon, Director of Energy for St. Vincent & Grenadines. With support from, among others, Rocky Mountain Institute, their focus has been on the launch of a utility pilot program called DROP – Distributed, Resiliency Ownership Program. DROP will enable a shared ownership model between customers and island utilities of PV, battery storage and backup generation.
IRAC is co-hosted by Advanced Energy Group with the support of the Caribbean Development Bank (CDB).
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