The conditions for investment in Haiti’s renewable energy sector are improving. On June 12-13, the Government of Haiti, with support from The World Bank and the Korea Green Growth Trust Fund, will host the Haiti Sustainable Energy Forum in Port-au-Prince to underscore its readiness for investment and provide insight into emerging opportunities. Read on for three reasons to watch Haiti’s energy sector this year.
First, Haiti’s new president, Jovenel Moïse has indicated that the reform and development of the country’s energy sector is a priority item for his Government. This has translated into a clearly defined set of objectives around energy access and renewable energy development, along with the preparation of policies to encourage investment.
Second, The World Bank and other donors have put in place substantial incentives to facilitate the entry of private capital into the market. Over the course of the Haiti Sustainable Energy Forum, senior World Bank officials will outline how funding available through the Scaling Up Renewable Energy Program (SREP) and the Climate Technology Fund (CTF) can be leveraged by the private sector to finance energy sector projects in Haiti.
Third, Haiti has significant renewable energy resources, particularly wind and solar, and more and ever better data around opportunities for deployment. For example: Haiti SREP Investment Plan and Haiti Sustainable Energy Roadmap.
For more information and to register for the Haiti Sustainable Energy Forum, click here.