Scaling Up Renewable Energy Programme in Low Income Countries (SREP)
Sector:
Clean energy
RBF Instrument:
Providing subsidies to service providers for establishing new grid connections, or Advance Market Commitments (AMCs) for renewable energy. These measures aim to increase demand for RE
Budget (USD):
$40 million
Project Sponsor:
WB, IFC, ADB, Norway, the Netherlands
Description:
Catalyze private investment in renewable energy technologies. Contribution to reduction of 400 MW of impending supply capacity gap to meet forecast demand.Reduction of greenhouse gas (GHG) emissions as compared to the business-as-usual scenario.
Description of the RBF Scheme:
Concessional loans and equity are only available for private sector investments with the potential to be replicated in the future without, or with reduced,
public sector support; contingent finance disbursed to projects where renewable energy technologies under-perform, or where insurance is unavailable to cover such an eventuality
Publication Title:
The effectiveness of climate finance: a review of the Scaling-up Renewable Energy Program
Blog » Scaling Up Renewable Energy Programme in Low Income Countries (SREP)
Scaling Up Renewable Energy Programme in Low Income Countries (SREP)
Project Name:
Scaling Up Renewable Energy Programme in Low Income Countries (SREP)
Sector:
Clean energy
RBF Instrument:
Providing subsidies to service providers for establishing new grid connections, or Advance Market Commitments (AMCs) for renewable energy. These measures aim to increase demand for RE
Budget (USD):
$40 million
Project Sponsor:
WB, IFC, ADB, Norway, the Netherlands
Description:
Catalyze private investment in renewable energy technologies. Contribution to reduction of 400 MW of impending supply capacity gap to meet forecast demand.Reduction of greenhouse gas (GHG) emissions as compared to the business-as-usual scenario.
Description of the RBF Scheme:
Concessional loans and equity are only available for private sector investments with the potential to be replicated in the future without, or with reduced,
public sector support; contingent finance disbursed to projects where renewable energy technologies under-perform, or where insurance is unavailable to cover such an eventuality
Publication Title:
The effectiveness of climate finance: a review of the Scaling-up Renewable Energy Program