The United States Department of State has announced US$4.3 million in funding to support energy diversification in the Caribbean.

The State Department announcement was made at the US and Caribbean Prosperity Roundtable on Wednesday in Miami.

“This funding, programmed through the Department of State’s Bureau of Energy Resources, the United States Agency for International Development (USAID), and the Overseas Private Investment Corporation (OPIC), will advance the Caribbean Energy Security Initiative and the Caribbean 2020 Strategy by providing energy-related technical assistance, grant funding for project preparation, and new opportunities for globally competitive US energy firms and exports,” the State Department said.

The US and Caribbean Prosperity Roundtable brought together Caribbean ministers and US executives from the private sector to spur investment and address obstacles and opportunities for economic collaboration, the State Department said.

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