CEFCL was launched in 2007 with the objective of providing project-related funding for renewable energy equipment and systems. Its leasing product now allows clients to shift to renewable energy by acquiring the system over time, instead of paying a large upfront sum that has traditionally been the case in the Caribbean. In addition to leasing, CEFCL also helps with financing energy audit activities for clients who have the requisite credit history and track record and offering long-term contracts to maintain the equipment under lease.
The Company targets primarily the C&I market, including manufacturers, hotels, supermarkets and other companies. While beginning its operations in Jamaica, the Company continues to grow and diversify its activities throughout the Caribbean, wherever high energy prices from traditional sources hinder corporate profitability and slow economic development.
