Various different legal entities can sign up to the platform. They can be large companies, SMEs, private project developers, utilities, governmental organisations, municipal organizations, NGOs or individual project owners.
The market place provides the project owners with increased visibility for their projects among financiers and other market players. It also makes it easier to identify relevant financiers, advisors and service providers for specific needs in a timely manner, and helps to make more targeted and relevant contacts with them. Project owners will also benefit from IRENA's project assessments and active facilitation, provided on a selective basis, identifying the specific needs and next steps for projects, and supporting projects to take the next steps. Through IRENA's other portals it provides project owners with tools and templates for project development, resource and zoning maps, and policy and regulatory information in order to reduce information barriers and project development costs. It also makes it easy, safe and efficient to share detailed and confidential information with potential investors.
Countries promoting renewable energy can actively guide projects in their countries to use and benefit from this marketplace. Countries can also actively promote their investment environment, policies and regulations for investors
By lowering the barriers of project initiation, development and financing the market place promotes economic and social development in the countries. The platform will also make it easier for new investors to enter the market. It will help governments to interact directly with the market players. For example, governments actively promoting renewable energy investments in their countries can use the market place to disseminate information on their enabling investment environments to investors and other market players in a timely manner. This can be done for example by arranging webinars on topical issues. Through the platform the host governments can also promote renewable energy investment project opportunities in their countries.
Financiers interested in financing projects in the region will find this platform a useful tool to identify and screen projects and obtain easily more information to make investment process faster and lower the transaction costs.
The market place will provide the financiers with an easy channel to identify and screen a wide variety of renewable energy projects. It will show the general data and summary of projects meeting the specific criteria of an investor, and make it easy to contact owners to get more detailed information about potentially interesting projects. It will also make it easier for financiers to find market, policy and regulatory information on IRENA's own databases. In the market place the financiers can also identify co-financiers to form consortia, project development funding to support interesting projects, and risk mitigation instruments to help structure projects and financing. The market place will lower the transaction costs of existing investors, and the market entry costs of new investors interested to invest in renewable energy projects in Caribbean countries.
Service Providers & Technology Suppliers
Service providers and technology suppliers are key players in the project development phase of the projects, and therefore IRENA intends to work in close cooperation with these regarding project facilitation.
The market place enables the service and technology providers to identify potential customers, develop their sales pipeline and create new business opportunities. The market place makes it easy and efficient to identify, screen and contact prospective project owners and to offer services and technologies for them. The market place also helps to identify sources for project development and investment financing for potential customers.