The Renewable Energy and Energy Efficiency Partnership (REEEP) has announced a call for project proposals, which support the development of markets for renewable energy and energy efficiency.
This is the largest in its five-year history with more than euro 4.3 million available for projects in least developed countries and emerging market economies. Each project will receive euro 1,00,000 and REEEP is looking at 6-10 projects in India, depending on its quality and relevance.
The programme cycle received funding from a consortium comprised of Australia, Ireland, Italy, Norway and the United Kingdom. The call is an open tender seeking projects from priority countries - Brazil, China, India and South Africa, apart from other developing nations. It invites countries with specific policy, legislative or regulatory needs or development finance institutions with need for financing structures and business models to develop projects. All proposals will be submitted for evaluation via REEEP’s new on-line Programme Management Information System (PMIS).
“We are grateful to all REEEP donors – the UK, Norway, Ireland and Italy and we welcome the new donor Australia to the REEEP programme. We look forward to working with Australia to support the Pacific Islands to develop local energy sources and helping their quest for energy security. We also look forward to intensifying our engagement with governments and development financial institutions to increase the chances of investments in sustainable energy infrastructure,” Dr Marianne Osterkorn, REEEP International Director stated, REEEP previously disbursed euro 3.2 million in 2007, euro 2.2 million in 2006 and euro 1.1 million in 2005.