Scaling Renewable Energy Tender

The Scaling-Up Renewable Energy in Low Income Countries Program SREP of the Climate Investment Funds is empowering countries to transform their economies by demonstrating the viability of renewable energy to increase energy access and economic opportunities. SREP financing is channeled through five multilateral development banks MDBs.CountryregionTopicPeriodBudgetGlobalUrban infrastructure and utilities01.01.2010 - 31.12.2028CHF 27600000 The project in briefBackgroundThe Climate Investment Funds were created in 2008 to bridge the financing and knowledge gap in expectation of the next international climate agreement. Two trust funds the Clean Technology Fund CTF addressing emerging countries and the Strategic Climate Fund SCF addressing developing countries were created and funded by developed countries with over 8.3 billion of public funds. The SCF supports three programs for low-income countries including SREP the Forest Investment Program FIP and the Pilot Program for Climate Resilience. The funds are governed by committees with equal representation of contributor and beneficiary countries.ObjectivesThe overall objective of the Scaling-Up Renewable Energy Program in low income counties SREP is to demonstrate the economic social and environmental viability of renewable energy and thereby lead to a transformation of the energy sector and economy of beneficiary countries towards low-emission growth paths. The SREP follows a programmatic approach where beneficiary countries determine their objectives and programs or projects in the framework of an investment plan based on their strategy for renewable energy. Besides co-financing investments in renewable energy projects or programs SREP also aims to increase the knowledge base of all participating countries and to improve their enabling environment. The projects are implemented through five multilateral development banks MDBs which also co-finance the SREP projects with loans. The mobilization of such and other co-financing notably from the private sector is also an objective of the SREP.Medium-term outcomesThe core indicators of the SREP are the additional electricity or other modern energy generated from renewable energy sources and the number of men and women gaining improved access to electricity or another modern energy as a consequence of SREP actions. The aggregated targets on these indicators for all beneficiary countries with an endorsed investment plan as of 31 December 2017 are respectively 6778 GWhy and 17.4 million people. The amount of greenhouse gas emissions thereby avoided is a major co-benefit of SREP and the aggregated target is 5.4 million tCO2eqy. The expected aggregate co-financing from all public and private sources on the basis of the endorsed investment plans is 6.1 billion meaning that each dollar of SREP funding should leverage 7.4 US dollars of other funding. As of 31 December 2017 502.4 million SREP fun