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.
Development of a Strategic Market Intervention Approach for Grid-Connected Solar Energy Technologies (EMPower)
Financial mechanism
GEF
Date of approval
Status
Completed
Countries
Managing organisations
UNEP and KfW
Implementing organisations
UNEP
Project ID
1599
GEF project type
Medium size
GEF project phase
GEF - 3
GEF Cofinancing
$800.000
GEF project grant
$975.000
Executing Agencies
UNEP and KfW