Grant
The Renewable Energy and Energy Efficiency Partnership (REEEP) is to fund forty-nine new clean energy projects in 25 countries, helping to kick-start the uptake of renewables and improve energy efficiency in emerging markets. This funding round, REEEP’s seventh, is the largest ever, representing a 46 per cent increase over its sixth disbursement of funds in June 2007.
REEEP is an international partnership set up to foster the adoption of clean energy. “REEEP projects concentrate on the two areas where small-scale interventions can have a huge knock-on effect - in helping establish clear regulatory and policy frameworks for renewables and energy efficiency, and in creating finance and business models to attract private players to these sectors,” said Marianne Osterkorn, REEEP’s Director General.
Nine projects will be situated in China, including support for the Centre for Renewable Energy Development in creating a roadmap to show how 30 per cent of China’s 2030 energy demands could be met with renewables. Another will assist China’s National Lighting Test Centre in formulating testing methods for LED lighting.
Projects in India will include the implementation of a national framework for Tradable Renewable Energy Certificates with the Indian government agency IREDA and federal and state energy regulators. A microfinance project with the Foundation for Development Cooperation will support renewable energy systems in Fiji, Samoa and Vanuatu.
This year Australia has joined the governments of the UK, Norway, Ireland, Italy and New Zealand as REEEP programme donors.
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