Project

Development for Renewable Energy Applications Mainstreaming and Market Sustainability (DREAMS)

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

  1. 7.2 Increase share of global renewable energy
  2. 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