📋 Tender Overview
Country / region
• Africa, regional (15.00%)
• America, regional (60.00%)
• Asia, regional (25.00%)
Maximum contribution $50,000,000
Partner profile IBRD Trust Funds - World Bank (XM-DAC-44001)
Country / region
• Africa, regional (15.00%)
• America, regional (60.00%)
• Asia, regional (25.00%)
Sector
• Energy Generation, Renewable Resources
Energy generation, renewable sources - multiple technologies (23210) (100.00%)
This project aims to support Renewable Energy in Small Island Developing States. This initiative aims to scale up renewable energy production, improve energy efficiency, facilitate the integration of variable renewable energy and improve energy sector resilience in targeted countries. The program’s financing supports key actors in designing regulatory incentives for energy efficiency and renewable energy markets and promoting gender considerations in clean energy investments. The program provides funding alongside credit financing from the International Bank for Reconstruction and Development or the International Development Association. Canada's contribution to the program is expected to help leverage over US$70 million in private and public finance investment and reduce greenhouse gas emissions by over 900 000 tonnes. This program is one of four programs under the Canada-World Bank Clean Energy and Forests Climate Facility.
The expected outcome for this project is increased renewable energy production and energy efficiency, and improved gender equality in these sectors in small island developing states.
