- Increase fontDecrease font Text size
Detail of GEF Project #643
| GEF Project ID | 643 |
| IBRD PO ID | 60718 |
| Funding Source | GEF Trust Fund |
| Project Name | Renewable Energy for Agriculture |
| Country | Mexico |
| Region | Latin America and Caribbean |
| Focal Area | Climate Change |
| Operational Program | 6 |
| Approval Date | 1999-05-07 |
| CEO Endorsement Date | 1999-11-19 |
| GEF Agency Approval Date | 1999-12-21 |
| Project Completion Date | 2006-06-29 |
| Project Status | Project Closure |
| Executing Agency | Trust Fund for Shared Risk (FIRCO) |
| Description | The project will address initial investment cost barriers, information and institutional constraints currently preventing their widespread use. Specifically the project will support the following activities: Development of a market promotion strategy, promotion campaigns, innovative vendor financing/leasing programs (demonstrations), product certification. The investment demonstration component of the GEF project will address initial investment cost barriers and related risk perceptions both at the vendor and the rural client level. The replacement of grant investment support by contingent financing modalities to back vendor programs will be explored during appraisal as the project brief provides evidence that rural investments in renewable energy are financially viable. This is to promote replication, achievement of suggested market wide impact and overall sustainability. Project outcomes will include batement of up to 1.2 million tonnes of annual carbon emissions with replication of immediate project outcomes and penetration of renewable energy systems among 1/3 of Mexico’s 600,000 unelectrified farms within ten years. Important progress milestones will be the installation of 890 demonstration systems and training of about 1,500 service technicians by project completion (2004). |
| Implementation Status | Project implementation continues to advance satisfactorily. The project has been extended until March 31, 2006. The extension will provide information on activities remaining to be carried out for each component, including the modification proposals for those components that need to be adjusted for successful implementation which are certification and vendor financing. So far, almost USD 6.2 million have been disbursed. The innovating aspect of the project and concrete advances are demonstrated through the adoption of replicas so far. |
| GEF Project Grant | 8,700,000 USD |
| GEF Grant | 8,700,000 USD |
| Cofinancing Total | 17,500,000 USD |
| Project Cost | 26,200,000 USD |
| GEF Project (CEO Endo.) | 8,900,000 USD |
| Cofinancing Total (CEO Endo.) | 22,390,000 USD |
| Project Cost (CEO Endo.) | 31,290,000 USD |
| Project Documents |
Related Links: Country Profile | Project Search