32 Clean Energy Projects Get Funding

32 clean energy projects are set to receive funding in REEEP’s – the Renewable Energy and Energy Efficiency Partnership (REEEP) – fourth, and largest fund round in its three year history. “More projects have been funded in the areas of financing models and energy efficiency, than in previous rounds,” stated Morgan Bazilian, REEEP Programme Board Chair. “REEEP has also expanded its priority countries from six to twenty countries and we are engaging some countries for the first time, such as Guatemala, Kazakhstan, Liberia and Tunisia.” The increased funding was driven by the G8 dialogue last November when the UK government announced that a further 2.5 million pounds would be provided in 2006/7 and 2007/8. In addition, the UK Foreign Ministry also announced the provision of 1 million pounds. The REEEP has been able to leverage this funding by a factor of six as REEEP funding is attracting co-financing from other agencies as diverse as USAID, Cordaid Netherlands, the budgets of local municipalities in South Africa and also from other donors such as the government of Ireland. “REEEP is an ideal mechanism to help secure funding for renewable energy and energy efficiency activities in developing countries,” stated Dick Roche, Environment Minister […]

Read More