SIDS DOCK™ INDICATIVE PROJECT PIPELINE
The indicative project pipeline submitted in March 2011, as part of the proposal to the Government of Denmark, had 10 national and 6 regional projects representing approximately USD 25 million in funding. As at 19 April 2014, twenty-five (25) SIDS DOCK™ Member States submitted over 100 national projects, plus nine (9) regional projects (Caribbean-4; Pacific-4; AIMS-1), with an estimated value of USD 1.6 Billion. The projects vary by technology, type of initiative and stage of development. Solar/PV projects dominate the pipeline with equal representation across all regions.
SIDS DOCK™ is uniquely placed to work with private sector companies, tertiary institutions and governments to facilitate research across a range of specific environmental settings, technologies and best practices. This will produce a cyclical effect, as the stabilization of clean energy infrastructures will attract increased private sector and foreign investment.
Further, SIDS DOCK™ will also be able to make recommendations to Alliance of Small Island States (AOSIS) Member States on the optimal policy and legal framework necessary to encourage such investment. The associated assessments and research into policies, innovative approaches, and economic incentives will help to standardize and streamline the transition to a low carbon, highly efficient energy economy.
SIDS DOCK™ will finance its operations through a combination of multi-lateral and bilateral grants, philanthropic support and income generation from selected endeavours.