Barrier Removal to Renewable Energy Programme
Project Summary
The project will help to mitigate greenhouse gas emissions by addressing institutional, information, know-how, perceived risk and other investment barriers to increased use of photovoltaic energy sources by households, institutions, commercial entities and agro industries. Specifically the project will: Assist local stakeholders in building local capacities to promote, install and service PV applications; help to develop and implement favorable regulatory frameworks, facilitate the establishment of viable financial mechanisms (micro lending). The latter will address up-front investment cost barriers and related risk perceptions. The project will help to demonstrate viability of investments in photovoltaic energy and encourage widespread replication.
Project Details
| GEF Project ID | 641 |
| Project Type | Full-size Project |
| Status | Completed |
| Country | Malawi |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | United Nations Development Programme |
| Executing Agencies | Department of Energy |
| GEF Period: | GEF - 2 |
| Approval Fiscal Year: | 1999 |
Financials
| Project Preparation Grant Amount | 64,800 USD |
| GEF Project Grant | 3,353,000 USD |
| Co-financing Total | 7,304,000 USD |
| GEF Agency Fees | 0 USD |
| Total Cost | 10,721,800.00 USD |
