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Strategic Climate Fund - Scaling Up Renewable Energy Program (SREP)


Period
-

Implementing agencies
Climate Investment Funds

African partners
Government, Other public body, Private sector

Names of African partners involved

Donor involvement (incl. IOs)
Multi-donor, Multilaterals involved, Bilaterals involved

Names of donors involved (incl. IOs
DFID, the Netherlands Government,World Bank, IFC, AfDB, World Bank, ADB, the European Development Bank, the Inter-American Development Bank

Geographical scope
Regional

Countries where active
Benin, Ethiopia, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali Republic, Rwanda, Sierra Leone, South Africa, Tanzania, Uganda

Sectors
Renewables, Electricity, Heating and Cooling, Energy Efficiency, Cooking Energy

Sub Sectors (Electricity)
Electricity system, Mini-grids

Type of intervention
Operative program / delivery mechanism (downstream)

Type of technical assistance
Dialogue and networking, Information and analysis, Policy support / institution building, Project preparation / implementation, Skill development / training

Gender focus
No

Climate focus
No

Type of financing
Grant, Equity, Debt, Guarantee, Early stage

Main objectives
The SREP was designed to: - scale up the deployment of renewable energy solutions in the world’s poorest countries to increase energy access and economic opportunities. - demonstrate the economic, social and environmental viability of low carbon development pathways in the energy sector in low-income countries - help low-income countries use new economic opportunities to increase energy access through renewable energy use.

Main activities
Channeled through multilateral development banks (MDBs), SREP financing aims to pilot and demonstrate the economic, social, and environmental viability of low carbon development pathways building off of national policies and existing energy initiatives. SREP provides a menu of financing options to accommodate different needs of client countries and program interventions, including grants, equity, concessional loans, guarantees. SREP grants may be used for: - Preparation activities: (a) Preparation of SREP investment plans, where - Capacity building and advisory services - Decreasing costs of investment projects (including financing costs) through capital or buy-down grants, - Seed capital, long-term and/or low interest loans, and loan guarantee programs

Comments

Sources
www.climateinvestmentfunds.org/cif/Scaling_Up_Renewable_Energy_Program_in_Low_Income_Countries

Contact information
Zhihong Zhang zzhang2@worldbank.org

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