The Renewable Energy and Energy Efficiency Partnership (REEEP) will fund 49 new clean energy projects in 25 countries as part of its mission to help kick-start the uptake of renewables and energy efficiency in emerging markets. This funding round, REEEP’s seventh, is the largest ever, representing a 46% increase over its sixth disbursement in June 2007.
“REEEP projects concentrate on the two areas where small-scale interventions can have a huge knock-on effect: in helping establish clear regulatory and policy frameworks for renewables and energy efficiency, and in creating finance and business models to attract private players to these sectors,” said Dr. Marianne Osterkorn, REEEP’s Director General. “Given the financial crisis, this year’s roster is weighted slightly towards the policy side, but even so, we also have some very interesting financial projects in the mix.”
Nine projects will be situated in China, including support for the CRED (Centre for Renewable Energy Development) in creating a roadmap to show how 30% of China’s 2030 energy demands could be met with renewables. Another will assist China’s National Lighting Test Center in formulating testing methods for LED lighting. Projects in India will include the implementation of a national framework for Tradable Renewable Energy Certificates (TRECs) with the Indian government agency IREDA and federal and state energy regulators. A microfinance project with the Foundation for Development Cooperation will support renewable energy systems in Fiji, Samoa, and Vanuatu.
“REEEP projects are not selected solely for the significant benefits they deliver, but also for their potential replicability, up-scaling, and learning effects. These projects are helping to create the national and regional environments required to transition to robust green economies,” notes Morgan Bazilian, Program Board Chair and Irish Government representative to REEEP. Irish funding is focused on the least developed countries of Africa and among other projects will cover the expansion of the Private Financing Advisory Network (PFAN), a potent mechanism for financing clean energy technologies, to Mozambique and Uganda.
REEEP previously disbursed €3.2 million in 2007, €2.2 million in 2006, and €1.1 million in 2005. A full list of the 49 projects selected for funding is available on www.reeep.org.
For further information or to arrange an interview with Mr. Binu Parthan, REEEP’s Deputy Director General in charge of the project program, contact:
Vince Reardon
Communications Consultant
+431260263674