All articles for the topic: Renewable Energy and Energy Efficiency Partnership

Press Release: Sweden's Beyond the Grid Fund for Zambia Signs First Contracts with Energy Service Providers. The Goal: Modern Energy for One Million Zambians

Swedish Ambassador to Zambia Henrik Cederin, VITALITE Director John Fay and long-standing VITALITE distributor Mr. Chongo at the contract signing in Mr. Chongo's shop in rural Chongwe

Sweden’s Ambassador to Zambia Henrik Cederin signed four contracts last Friday with companies offering a variety of rural energy solutions, marking the start of operations of the Power Africa: Beyond the Grid Fund for Zambia (BGFZ). The USD25m Fund, which is financed by the Swedish International Development Agency (Sida) and managed by the Renewable Energy and Energy Efficiency Partnership (REEEP), aims to bring modern energy to one million Zambians, and build a solid foundation for continuing growth of the market such that it can serve all Zambians.

Press Release: Local Project Launch of ‘Climate Change, Clean Energy and Urban Water’ Project

Ms. Dessislava Choumelova of the EU Delegation to South Africa speaks at the project launch event

The project “Climate Change, Clean Energy and Urban Water” has entered its implementation phase, as was announced during an event at the Department of Environmental Affairs in Pretoria, South Africa last Friday. The 2.5-year project is funded by the EU, with UNIDO as Implementation Partner and REEEP as Execution Partner. The initiative promotes the market-based deployment of energy efficiency measures and clean energy technologies and services in municipal waterworks, commencing with pilot demonstration projects in South Africa.

Private Financing Advisory Network Relaunched under REEEP and UNIDO Hosting

On the 10th of May, 2017, the Private Financing Advisory Network (PFAN) was officially relaunched under its new hosting arrangement with the United Nations Industrial Development Organisation (UNIDO) in cooperation with REEEP in Vienna, Austria. Under this arrangement, PFAN’s activities will be scaled up by a factor of two to five by the year 2020.

PFAN Logo

To apply to PFAN's continuous call for proposals, click here.

Background

As technology prices continue to fall, clean energy projects become more profitable and the appetite of investors for such projects grows, now is a time of enormous potential for the development of clean energy capacity around the world. PFAN helps investors tap into this potential to expand energy access, reduce damage to the environment, combat climate change and grow local economies.
 
A rapid scale-up of investment in clean energy generation capacity is required to replace energy generation based on fossil fuels and avoid the worst impacts of climate change. At the same time, significant investment will have to flow towards increasing the resilience of vulnerable populations and helping them to adapt to the changes already here and those still to come.
 
Governments alone will not be able to provide enough investment to achieve the impact required. Unlocking private sector finance in support of climate action is one of the main challenges that governments, international organisations and development banks have been grappling with since the Paris Agreement entered into force. PFAN has been tackling this challenge since 2006, using small amounts of public funding to leverage large amounts of private sector investment for clean energy and climate adaptation projects in low- and middle-income countries.
 
While combating climate change is our ultimate goal, in its day-to-day work PFAN is driven by a desire to help entrepreneurs succeed. We know that getting a project off the ground is difficult; we are aware of the barriers to finding investment that project developers face. Helping entrepreneurs overcome those barriers to fulfil their potential and contribute to climate change adaptation and mitigation is what drives us.

How Does PFAN Work?

Any entrepreneur wishing to launch or scale up a climate adaptation or clean energy project in a low- or middle-income country, and looking for investment of up to USD 50 million, is welcome to send in a proposal to PFAN. Our Call for Proposals is always open, and you may submit at any time. Proposals must be submitted online, through PFAN’s custom-built project management system. Click here to submit a proposal now.

Each proposal is reviewed by a minimum of two expert evaluators, who assess the maturity, viability and climate change mitigation potential of the project. Selected projects are inducted into the PFAN Project Development Pipeline. At this stage, they are assigned a coach, usually based in the same country. Coaches are selected from PFAN’s global network of clean energy and climate adaptation financing experts.

The Project Development Pipeline consists of three distinct streams:

  1. Long-Term Development Pipeline: Projects that are not yet investment-ready are placed in this stream, where they receive coaching for up to 18 months to reach investment-readiness. After finishing their coaching trajectory, they can be moved into the Investment Facilitation or Clean Energy Investment Forum streams.
  2. Climate & Clean Energy Investment Forum: Projects on the verge of investment-readiness can be selected for participation in a Climate & Clean Energy Investment Forum, where developers get the chance to pitch their business plans directly to a room full of investors. In the run-up to the Forum, these projects receive intensive coaching to perfect their business plans and investment pitches.
  3. Investment Facilitation: Investment-ready projects are placed in the Investment Facilitation stream, where they benefit from one-on-one support by the Investment Facilitation Team, including targeted introductions to investors.

 

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REEEP Team
Lukas Baumhauer's picture

Lukas Baumhauer

Senior Manager, PFAN

REEEP Team
Colin Brouillard's picture

Colin Brouillard

Senior Manager, PFAN

REEEP Team
Teresa Oberascher's picture

Teresa Oberascher

Senior Manager, PFAN

SWITCH Africa Green: Sustainable Energy Consumption and Production (SECP) in Agriculture and Integrated Waste Management: Research and Training

Sustainable Energy Consumption and Production (SECP) is a programme designed and implemented by REEEP. The programme focuses on supporting African countries in the transition to an Inclusive Green Economy, through the application of Sustainable Consumption and Production patterns and practices. For the implementation of the project in South-Africa, REEEP partnered with SANEDI, in order to assist the local business communities and entrepreneurs in the agricultural and waste management sectors to implement Sustainable Consumption and Production (SCP) practices within their respective industries. The beneficiaries of the programme include intermediary business organisations, and national and local government spheres.

Press Release: EU-funded Climate Change, Clean Energy and Urban Water in Africa Initiative Announced

A new EU-funded pilot initiative for market-based clean energy technologies and services deployment for South African municipal water works was launched last week at an EU Pavilion event at COP22. The event was organised by the UN Industrial Development Organisation (UNIDO), the South African Department for Environmental Affairs (DEA), the Renewable Energy and Energy Efficiency Partnership (REEEP) and the European Commission Directorate-General for Climate Action (DG CLIMA).

Press Release: REEEP and PFAN Side Event at COP22: Experts stress crucial importance of financing for Small and Medium-sized Enterprises in ensuring success of the Paris Agreement

The Panel at the SME financing for NDCs side event

At the 22nd Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), a panel of experts discussed how innovative financing solutions and closer stakeholder engagement can help developing countries reach and exceed the targets set in their Nationally Determined Contributions (NDCs) under the 2015 Paris Agreement, and how to ensure small and medium-sized enterprises (SMEs) play a meaningful and central role in this effort. The panel included high-level representatives from the public and private sector.

COP22 Africa Pavilion Event: Accelerating Investment for Low Carbon, Climate Resilient Projects in Africa

This side event, organised by the Private Finance Action Network (PFAN) with the participation of REEEP in its function as PFAN executing partner, represents an opportunity for thought leaders to exchange views and experience on issues pertaining to facilitating investment in low carbon, climate resilient projects and businesses in Africa. The discussion will focus on ways and means to scale up efforts in meeting the climate commitments of the countries in the region. Key stakeholders – policy makers, financiers, as well as representatives from international organizations – will interact on salient issues around delivering technical assistance combined with appropriate financing to foster climate technologies deployment.

COP22 Side Event Accelerating Investment Low Carbon Climate Resilience Africa

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