The project call received funding from a consortium comprised of
The REEEP call is an open tender seeking projects from priority countries -
REEEP is inviting countries with specific legislative or regulatory needs or development finance institutions with the need for financing and business models to develop a project directly with REEEP. It is hoped that by assisting governments with lowering risk within the renewables and energy efficiency sectors and working with development agencies to encourage business and financial models, finance can be attracted into new markets.
REEEP has also decided to further increase the importance of energy efficiency in its portfolio and throughout emerging markets. The project call will be seeking bidders for the production of a REEEP Report on Energy Efficiency - in order to accurately portray the benefits and role that energy efficiency can play in improving energy security, lowering carbon emissions, and enhancing industrial competitiveness covering the market, policy, stakeholders and key initiatives.
The call for project proposals will also commission work around reducing the risk of investing in renewables and energy efficiency, synthesizing REEEP experiences from its 50 previous projects and replicating successes achieved in the 18 completed projects.
Dr. Marianne Osterkorn, REEEP International Director stated that the partnership can now add value across a number of areas. 'We can now fund larger and longer term projects and in addition to our bottom-up approach, the targeted approach will help to strategically accelerate key markets for renewable energy and energy efficiency.'
REEEP previously disbursed € 2.2 million euro in 2006 and € 1.1 million in 2005.