4.3 Million Euro for Renewable Energy & Energy Efficiency Projects
Wednesday, October 22nd, 2008It’s that time of year again when REEEP tells the world that it’s seeking project ideas for funding. The partnership’s target is primarily the Southern Hemisphere or what some refer to as the “developing world” or “economies in transition”. Anybody with a project idea regarding renewable energy or energy efficiency can apply for funding.
The key: the project must be focused on changing policies, regulations or legislation in favour of sustainable energy and energy conservation. The last funding round provided grants to the government of Mexico for the establishment of ‘net metering’ laws and the government of Uganda for the development of policies that support solar water heaters. A REEEP-funded project in Kazakhstan resulted in the country’s Parliament passing new legislation to support the wind industry.
But it’s not only policy work that gets funded. Attracting finance to new markets is also a key goal of the partnership. So, projects that deal with ‘risk mitigation’ , ‘guarantee structures” or other financial mechanisms are also being funded. One ongoing project is a microfinance initiative for solar laterns in the Solomon Islands.
Grants are capped at 100,000 Euros, so up to 43 project proposals will become the lucky recipients in early 2009.
To learn more about the Call for Proposals look for the 7th REEEP Programme Call on REEEP’s website.
