The project will help to mitigate greenhouse gas emissions by addressing institutional, information, know-how, perceived risk and other investment barriers to increased use of photovoltaic energy sources by households, institutions, commercial entities and agro industries. Specifically the project will: Assist local stakeholders in building local capacities to promote, install and service PV applications; help to develop and implement favorable regulatory frameworks, facilitate the establishment of viable financial mechanisms (micro lending). The latter will address up-front investment cost barriers and related risk perceptions. The project will help to demonstrate viability of investments in photovoltaic energy and encourage widespread replication.
Barrier Removal to Renewable Energy Programme
Financial mechanism
GEF
Date of approval
Status
Completed
Countries
Managing organisations
Department of Energy
Implementing organisations
UNDP
Project ID
641
GEF project type
Full size
GEF project phase
GEF - 2
GEF Cofinancing
$7.304.000
GEF project grant
$3.353.000
Executing Agencies
Department of Energy