Electric Utility Parametric Insurance Grant
In context
This call is open to large companies and non-profits, at scale-up and mature. Funding is concessional finance. Coverage is read from the notice itself: Antigua & Barbuda, Barbados and Dominica and 5 others.
Parametric catastrophe insurance product for Caribbean electric utility companies that covers natural hazard events including tropical cyclones and earthquakes. This is a risk-financing mechanism available to utility members in the Caribbean region.
About this grant
This parametric catastrophe insurance product protects Caribbean electric utility companies against tropical cyclones, earthquakes and other natural hazard events. It provides rapid payouts to support infrastructure recovery and restore electricity supply following climate-related disasters, offering financial protection and liquidity when utilities need it most. Eligible applicants are large utility companies and non-profit organisations operating in Antigua and Barbuda, Barbados, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, and Trinidad and Tobago. Applicants must be members of CCRIF or eligible utilities such as ANGLEC, GRENLEC or LUCELEC. The product is designed for mature, operational utilities seeking climate adaptation and financial resilience.
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Key requirements
- ✓Must be a Caribbean electric utility company
- ✓Must be a member of CCRIF or eligible utility (e.g., ANGLEC, GRENLEC, LUCELEC)
- ✓Coverage applies to natural hazard events including tropical cyclones and earthquakes
Frequently asked questions
- Who can apply for Electric Utility Parametric Insurance?
- Eligibility covers organisations in AG, BB, DM, GD, KN, LC and 2 more countries; large-company, nonprofit.
Relevant sectors
How this compares
- Compared with 6 similar grants (adaptation in Antigua & Barbuda) listed in the last 12 months.
- The same organisation listed 2 other similar grants here in the last 12 months.
Closest open grants
- Special Call: English-speaking Caribbean Coastal Resilience
- Small Grants Programme
- Special Call: Coastal Resilience in the English-speaking Caribbean
- Grant in Antigua & Barbuda, Barbados and 16 more: Small Grants Programme for Caribbean Disaster Risk Management, up to $25K
- Caribbean Community Resilience Fund (CCRF)
Figures are computed from notices listed on Raise Lens in the same sector and country over the last 12 months.
About this sector
Climate adaptation funding helps communities, infrastructure and businesses prepare for heat, flooding, drought and sea level rise. Most of it is public and multilateral money, often targeted at vulnerable regions and delivered with local government. Calls usually ask for a climate risk assessment and evidence that local people shaped the plan.
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