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
Country
Global
Implementing Agencies
United Nations Environment Programme
Approval FY
2003
Status
Completed
Region
Global
Executing Agencies
UNEP and KfW
GEF Period
GEF - 3
Project Type
Medium-size Project
Focal Areas
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
800,000
GEF Project Grant
975,000
GEF Agency Fees
146,000

Timeline

Received by GEF
20 Jan 2002
Concept Approved
14 Nov 2003
Project Approved for Implementation
13 Nov 2003
Project Closed
14 May 2005