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

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

Project Timeline

Received by GEF
21 Jan 2002
Preparation Grant Approved
01 Feb 2002
Project Approved for Implementation
14 Nov 2003
Project closed
01 Jun 2007