Detail of GEF Project #1609

GEF Project ID 1609
Funding Source GEF Trust Fund
Project Name Renewable Energy Enterprise Development – Seed Capital Access Facility
Country Global
Region Global
Focal Area Climate Change
Operational Program 6
Pipeline Entry Date 2002-05-09
PDF-B Approval Date 2003-06-18
Approval Date 2005-06-08
CEO Endorsement Date 2007-05-31
GEF Agency Approval Date 2008-01-21
Project Status Under Implementation
Executing Agency United Nations Evironment Programme/Division of Technology Industry and Economics
Description Provides “patient” seed capital and enterprise development/assistance services to small rural enterprises engaging in providing energy services based on renewable energy. Enterprises’ services are for both household systems and productive uses (income generating activities). Project removes key barriers preventing new or existing enterprises from expanding their services with renewable energy. This approach has been successfully demonstrated over several years by E&Co of the U.S. in particular. This project builds on the E&Co model and on the existing “REED” (Renewable Energy Enterprise Development) initiatives by UNEP underway in Africa and starting in Brazil, funded through UN Foundation. Total project $23 m., GEF $8 m., bilateral agencies and banks $10 m., enterprise co-investments $5 m.
Implementation Status Project started in Sept 2007 and currently in it’s initial stages. UNEP Approval date of th eproject was 21 Jan 2008
PDF B Amount
300,000 USD
GEF Project Grant
8,400,000 USD
GEF Grant
8,700,000 USD
Cofinancing Total
40,500,000 USD
Project Cost
49,200,000 USD
GEF Agency Fees
480,000 USD
GEF Project (CEO Endo.)
8,400,000 USD
Cofinancing Total (CEO Endo.)
54,620,000 USD
Project Cost (CEO Endo.)
63,320,000 USD
GEF Agency Fees (CEO Endo.)
480,000 USD
Project Documents