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Mechanism for the development of renewable energy and energy efficiency in developing countries

Fund profile

Origin of funds

French Development Agency (ADF)

Goals/aims

To reduce poverty by providing access to energy services, especially to rural populations, and to fight against climate change by controlling the growth of energy consumption and by increasing the share of energy from renewable resources in the energy mix of the developing countries.

Main form of support

Loan and equity financing

Typical budget size

Support type

Technical assistance, Research and development, Information dissemination, Demonstration projects,

Countries of operation

Global

Main target groups

General conditions

Partners: French Government, Marrocco, World Bank, IFC?, GEF, EU

Funding arrangements: Apart from existing funding, (from AFD, DREE, FFEM, etc.) and under conditions that remain to be defined between the public partners concerned, private funds will be sought as back-to-back financing. A follow-up programme will be set up for the funding mobilized within the scope of this initiative.

Main objectives: reduction of poverty by providing access to energy services, especially to rural populations, and the fight against climate change by controlling the growth of energy consumption and by increasing the share of energy from renewable resources in the energy mix of the developing countries. The initiative falls within the scope of reinforcing technical and institutional cooperation efforts to facilitate the structuring of national energy policies and the setting-up of the necessary structures for the proper design and realization of projects. In particular, it aims:
  • To develop renewable energy markets and energy efficiency through the better use of the existing financial mechanisms, public-private partnerships, and the encouragement of "ethical" savings.
  • To coordinate - in a structured, simplified way via creation of a common platform - the main financing steps for projects and programmes: identification and preparation of projects by ensuring consistency with activities supporting the reinforcement of capacities (and, in particular, urban/rural solidarity organizations in developing countries) and investment in the projects.

This initiative is characterized by the involvement of the private sector in all phases.

Example projects

Contact details

Webpage:
Contact: Mr Alain Henry
Email: henrya@...

Sources

This profile, based on initial information contributed by Eco Ltd, was updated within the framework of the Sparknet project supported by the European Commission's Fifth Framework Programme.

Click here for the full list of donor, organisation, and project profiles from Sparknet.

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Link to Sparknet

Page created: 12 March 2004; Last edited: 21 March 2004; Version: 1
Knowledge Bank text is available under the terms of the GNU Free Documentation License.

Pagename: MechanismForTheDevelopmentOfRenewableEnergyAndEnergyEfficiencyInDevelopingCountries @HEDON: QWAA