BRIDGETOWN, Barbados, Monday, September 10, 2012 - Following a selection process that reviewed a total of 189 proposals, eight entities have been chosen as the winners of the 2012 IDEAS Energy Innovation Contest for the Caribbean.
Each winner will receive awards of up to US$200,000 for projects and enterprises that promote energy efficiency and access to renewable energy in the Caribbean region:
The eight winning projects and entities are: Caribshare Biogas Project by Echos Consulting, Community hydroponic farming with solar energy by The Family Garden, and Energy efficient hybrid solar agro-products dryer utilising alternative renewable energy and liquid desiccant technologies by Caribbean ESCO Ltd, all out of Jamaica; Collect and recycle used vegetable oil to Bio-diesel by N.V. VSH Foods and Rural solar acceleration project by N.V. Guguplex Technologies SAC, both out of Suriname; Fuel efficient and clean cooking stoves by Prakti Design and Electrification for rural Haiti by B2D, both from Haiti; and Optimisation of the energy efficiency of a bagasse co-generation project by GSR Energy Limited in Belize.
These proposals will be granted a total of US$ 1,486,000, to develop innovative energy efficiency or renewable energy solutions that have local or regional benefits, provide jobs and reduce greenhouse gas emissions. In addition to grant funding, winners will receive technical and business development support to implement or scale up their ideas, as well as access to other experts, policy makers, institutions and potential financial partners. The goal is to enable the winners to turn their ideas into financially sustainable businesses, helping solve the energy problems facing the region.
This round of the contest was targeted specifically at the Caribbean, with financial support provided by UKAid from the Department for International Development (DFID). The wider contest is also sponsored and supported by GVEP International, the Government of South Korea, and the Inter-American Development Bank (IDB).
“Local innovation and the adaptation of existing technologies to local circumstances could have a dramatic effect on energy supplies and prices. This could stimulate new markets and change the way businesses operate in the region whilst also tackling climate change. We are delighted to support this contest and wish the winners the best of success” said Simone Banister, Climate Change Adviser at DFID Caribbean.
“The Caribbean region demonstrated that energy innovation is not the exclusive preserve of large economies” said Arnaldo Vieira de Carvalho, lead energy Specialist at the IDB.
IDEAS is an Energy Innovation Contest to support the development of innovative projects promoting renewable energies, and improving energy efficiency. IDEAS was first launched in 2009 and this is the third call for proposals. Over 1,800 applications from 28 Latin America and Caribbean countries have been received and 41 winners selected to date.