Development of a Strategic Market Intervention Approach for Grid-Connected Solar Energy Technologies (EMPower)
Project Summary
The goal of the Development of a Strategic Market Intervention Approach for Grid-Connected Solar Energy Technologies (EMPower) project is to bring about dramatic reductions in the cost of electricity generated from Solar Electric Technologies (SETs), specifically photovoltatics (PV) and concentrating solar power (CSP), by aggregating sufficient demand. EMPower will identify and enable development of the required institutional and organizational capability necessary to identify grid connected SET projects with commercial potential, aggregate market demand, develop appropriate financing and risk sharing mechanisms and investigate innovative procurement techniques to offer the aggregated demand to the market, in a manner which allows the supply community to respond with technology priced to enable commercial transactions.
Project Details
| GEF Project ID | 1599 |
| Project Type | Medium-size Project |
| Status | Completed |
| Country | Global |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | United Nations Environment Programme |
| Executing Agencies | UNEP and KfW |
| GEF Period: | GEF - 3 |
| Approval Fiscal Year: | 2004 |
Project Documents
Financials
| Project Preparation Grant Amount | 25,000 USD |
| GEF Project Grant | 975,000 USD |
| Co-financing Total | 800,000 USD |
| GEF Agency Fees | 146,000 USD |
| Total Cost | 1,800,000.00 USD |