REEEP and OFID about to fund clean energy projects

REEEP is in the lucky position once again to give away money for projects thanks to the generous support of the OPEC Fund for International Development (OFID). This call targets energy access programmes for the poor in the Least Developed Countries (LDC’s). Considering we are approaching 2012 – I am NOT talking about the Mayan calendar here – and it will be the year of “International Year of Sustainable Energy for All” I think it is a great opportunity for up to three projects that improve energy access for the poor.

This call will fund projects with up to US$150,000 each and we really are talking about high-quality projects. What we are seeking right now are innovative clean energy solutions that widen energy access and alleviate poverty using innovative financing, business and regulatory approaches. Implementation period is expected to be about a year, and your proposals should demonstrate how projects are income-generating and self-sustaining well beyond that time. At least 50% co-financing secured from other sources is another requirement. It is also expected that selected projects will go beyond just electricity needs to address thermal and mechanical energy requirements. Hardware or infrastructure can be partially supported with OFID-REEEP funding.

Both Suleiman J. Al-Herbish, Director-General of OFID and Marianne Osterkorn, Director General of REEEP are satisfied that this call will improve energy access in the regions where the need is the most urgent and will lay the groundwork for a long-term partnership between REEEP and OFID.lightbulb.gif

By going beyond REEEP’s traditional donor base and targeting several least developed countries for the first REEEP will further emphasise its role as a specialist delivery vehicle for continuing impressive efforts to address energy poverty in developing countries.

Please share the information about this exiting opportunity as applicants are requested to submit full proposals by 21st October 2011. We welcome proposals from financial institutions, private sector players, non-governmental organisations and energy regulators and will publish selected projects on 31st January 2012.

We see this chance for generous funding as a great contribution to the global efforts during the year of “International Year of Sustainable Energy for All” and I hope that once again  initial projects can bring about positive change to a whole community and set an example for others to follow!

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