Lead country
Philippines
Participating countries
Philippines
Project status
Under implementation
Implementing period
From July 28, 2016 to July 28, 2021
SDGs addressed by this project
SDG targets
- 7.2 Increase share of global renewable energy
- 13.2 Integrate climate change into national policies, planning
Project ID: 5194
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Technical team
- Energy Programme
Technical area(s)
- Renewable Energy
- Energy access
Sub-area(s)
- Type: On-grid, utility-scale
- Type: Off-grid, mini-grids
- Electricity access
Landscape(s)
N/A
Transformed sector(s)
- Energy
UNDP role(s)
- Innovative approaches
- Institutional mechanism and system building
- Policy advice
Strategy
- Governance
- Capacity building
- Finance economy
Sub-strategy
- Laws/ Policy/ Plan formulation
- Institutional framework
- Institutional capacity building
- Technical capacity building
- Energy finance
Social inclusion
- Private sector
- Women
Gender equality
- Gender-responsive policies
Gender result effectiveness scale
- Gender responsive
Pathway(s)
- Sci-tech pathway
- Systems pathway
- People pathway
Risk reduction target(s)
- Hazard control/mitigation
SDG target(s)
- 7.2 Increase share of global renewable energy
- 13.2 Integrate climate change into national policies, planning
Conventions and protocols
N/A
Private sector(s)
- Capital providers
- Individuals/Entrepreneurs
Hot topic
- Multi-stakeholder collaboration
About this project
Description
The objective of the Project is to reduce GHG emissions through the promotion and facilitation of the commercialization of renewable energy (RE) markets through the removal of barriers to increase investments in RE-based power generation projects. This will be achieved through 4 components with the following outcomes: 1) Enforcement of a supportive policy and regulatory environment for leveraging investment in RE development and applications at the local level, and increased financing for RE project investments and RE market development services; 2) strengthened institutional capacity that leads to increased RE investment at the local level; 3) increased share of RE-based power capacity; and 4) increased confidence of local RE developers that leads to an enhanced uptake of RE projects and successful replication of operational RE projects using proven and emerging RE technologies. The Project will lead to direct lifetime GHG emission reductions of 2.445 ktonnes CO2, and indirect CO2 reductions ranging from 4,889 to 141,000 ktonnes CO2.
Objectives
To promote and facilitate the commercialization of the renewable energy (RE) markets through the removal of barriers to increase investments in RE based power generation projects.
USD $5,300,000
Grant amount
USD $38,311,722
Leveraged amount (co-financing)
1
Source(s) of fund
Sources of fund
- Global Environment Facility – Trust Fund ($5,300,000)
Implementing partner(s)
- Department of Energy (DOE)
Related resources
Geospatial information
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Project reports and documentation
