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association strives to enhance communication among its members and to serve as the focal point for general and technical information. It produces a number of information products and provides a range of services to members, such as training, conferences, information services, disaster management, technical studies and surveys as well as major publications (CARILEC 2010). Regulatory Agencies These agencies or ministries are responsible for decisions regarding energy, natural resources, pricing, investments and the utility companies. They are in charge of implementing and controlling governmental policies. Regulatory Agencies exist only in some Caribbean markets and can be an indicator for more liberalized electricity markets. Financial Institutions Generally, big finance companies are engaged in the renewable energy industry. They are likely to be early movers and they have significant influence also in government circles (Mallon 2006). Another cooperative financial institution is a credit union. It is owned and controlled by its members and provides credit at reasonable rates and other financial services to its members. Credit unions are widely spread within the Caribbean region and preferred to provide smaller loans for people with low salaries. Commercial Banks instead, seem to be more in charge of cars and house mortgages. A big commercial bank is the First Caribbean International Bank. It is the largest, regionally listed bank in the English-speaking Caribbean (FirstCaribbean 2010). Consumer Some people will enjoy the global environmental benefits and others the localized project effects. They can act with great influence locally, regionally or nationally basically through participation (Mallon 2006). Consumers can be the energy users, people providing space and land or even employees working in the renewable energy business. Investors Investors range from individuals who are likely to be highly motivated, well educated and connected to large institutional investors who can send strong signals by making a decision about investing in renewable energies (Mallon 2006). Investors could come from all levels – international, national and local. Implementation of Solar Energy in Developing Countries 15PDF Image | CARIBBEAN RENEWABLE ENERGY DEVELOPMENT PROGRAMME
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