Renewable Energy for Electricity Generation-Renewable Electrification of the Galapagos Islands

Project Summary

The project aims at reducing Ecuador’s energy-related CO2 emissions by introducing PV and wind energy as a substitute for fossil fuel (mainly diesel) utilised in electricity generation, specifically for the Galapagos Archipelago. In addition, the project will substantially decrease the volume of diesel annually shipped to the island, thereby reducing the environmental threat of an oil spill that can cause great damage to the biodiversity found in and around the coastal ecosystem of the islands. The activities proposed in the project are designed to remove barriers to the development and utilisation of renewable energy for electricity generation, initially in Galapagos but eventually in the nation as a whole. The project will develop local capacity to identify technical and financing options and to formulate the regulatory, institutional and financial instruments necessary to demonstrate the technical, economic, and financial viability of establishing joint ventures to generate electricity utilising renewable energy to supply mini-grids or feed into large grids.

Project Details

GEF Project ID
1135
Project Type
Full-size Project
Status
Completed
Country
Ecuador
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
United Nations Development Programme
Executing Agencies
Department for Alternative Energy, Ministry of Energy and Mines
GEF Period:
GEF - 2
Approval Fiscal Year:
2002

Financials

Project Preparation Grant Amount
843,434 USD
GEF Project Grant
3,239,666 USD
Co-financing Total
27,576,469 USD
GEF Agency Fees
342,443 USD
Total Cost 31,659,569.00 USD

Project Timeline

Received by GEF
Preparation Grant Approved
03 Oct 1997
Concept Approved
01 Dec 2001
Project Approved for Implementation
17 Jan 2006
Project closed
31 Jul 2009