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Detail of GEF Project #1900

GEF Project ID1900
IBRD PO ID77717
Funding SourceGEF Trust Fund
Project NameLarge Scale Renewable Energy Development Project
CountryMexico
RegionLatin America and Caribbean
Focal AreaClimate Change
Operational Program6
Pipeline Entry Date2003-03-06
PDF-B Approval Date2003-03-06
Approval Date2003-05-16
CEO Endorsement Date2006-06-02
GEF Agency Approval Date2006-06-29
Project StatusUnder Implementation
GEF AgencyWorld Bank
Executing AgencySecretaria de Energia, Government of Mexico
DescriptionIn order to reduce GHG emissions while responding to increasing energy demand and energy diversification imperatives, Mexico is exploring a long-term strategy (to be implemented over the next 7-8 years) to accelerate the commercialization of renewable energy technologies, particularly at the grid-connected level. The GOM seeks to directly stimulate renewable energy through a GEF-supported financial mechanism to deliver incentive (tariff) support on a competitively procured basis to jump-start the market, and facilitate these investments through regulatory changes and policy commitments at the national level. The program will develop a continuous stream of investments with a declining level of concessional support over time, and integrate these investments with policy and market recognition of the energy capacity, environmental and diversification value of renewable energy sources at the tariff level. Coupled with significant commercial financing, the expected level of tariff support implies an approximately 10:1 leveraging of GEF funds or higher.
Implementation StatusProject is expected to go for Board Approval in FY06.
PDF B Amount
350,000 USD
GEF Project Grant
25,000,000 USD
GEF Grant
25,350,000 USD
Cofinancing Total
247,500,000 USD
Project Cost
272,850,000 USD
GEF Agency Fees
2,470,000 USD
GEF Project (CEO Endo.)
25,000,000 USD
Cofinancing Total (CEO Endo.)
247,500,000 USD
Project Cost (CEO Endo.)
272,850,000 USD
Project Documents

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