The $839 million Scaling Up Renewable Energy in Low Income Countries Program (SREP), a funding window of the CIF, is empowering transformation in developing countries by demonstrating the economic, social and environmental viability of renewable energy.

Channeled through five multilateral development banks (MDBs), SREP financing supports scaled-up deployment of renewable energy solutions to increase energy access and economic opportunities. To date, $264 million is approved and under implementation for 23 projects and programs, expecting $1.9 billion in co-financing from other sources.

The SREP employs a programmatic approach that builds of national policies and existing energy initiatives. It is attracting attention from investors, as well as other developing countries by:

Covering early-stage risks

Enabling investor-friendly environments

Expanding markets

Encouraging innovation

Innovating private sector finance

$92.4MILLIONDEDICATED PRIVATE SECTOR FUNDING

INCLUDING

THE CIF • 4 FUNDING WINDOWS • TOTALLING $8.3 BILLION • $58 BILLION CO-FINANCING • CLIMATE-SMART DEVELOPMENT IN 72 COUNTRIES

$839MILLION

MORE THAN 1.2 BILLION PEOPLE WORLDWIDE LIVE WITHOUT ELECTRICITY, AND 2.7 BILLION PEOPLE RELY ON TRADITIONAL BIOMASS FOR COOKING AND HEATING. RENEWABLE ENERGY HOLDS THE PROMISE OF INCREASED ENERGY ACCESS AND ECONOMIC GROWTH WHILE REDUCING GREENHOUSE GAS EMISSIONS AND DEPENDENCE ON FOSSIL FUELS.

ESTABLISHED IN 2008, THE $8.3 BILLION CLIMATE INVESTMENT FUNDS (CIF) ADDRESS THESE CHALLENGES BY DELIVERING INVESTMENTS AT SCALE TO EMPOWER CLIMATE-SMART TRANSFORMATION.

ArmeniaBangladesh*Benin*Cambodia*EthiopiaGhana*Haiti*HondurasKenyaKiribati*

Lesotho*LiberiaMadagascar*Malawi*MaldivesMaliMongoliaNepalNicaragua*Rwanda*

Sierra Leone*TanzaniaUganda*YemenZambia*

Pacific Region (Solomon Islands, Vanuatu)

*Joined in 2014

SREP COUNTRIES

17.3 million people

6.700 GWh1 of electricity per year

AND DELIVERING

— EQUIVALENT TO THE ANNUAL PRODUCTION OF ARMENIA

ENDORSED SREP INVESTMENTS EXPECTED TO BENEFIT

SCALING UP RENEWABLE ENERGY IN LOW INCOME COUNTRIES

ENHANCING RENEWABLE ENERGY DEVELOPMENT IN NEPAL

In Nepal, only 65 percent of households have access to electricity and per capita electricity consumption is one of the lowest in the world.

A $11.8 million SREP program, channeled through the Asian Development Bank, supports the scale-up of electricity access through renewable energy-based mini-grids systems as well as ensure sustainability through capacity development. The project provides access to electricity and facilitating productive end uses of energy in rural locations. About 1,500 households, or 6,600 people, are already benefiting from installation of lighting and mobile radio charging system, displacing diesel and gasoline use in generator sets and kerosene for lighting.

PROMOTING CLEAN COOK STOVES AND INNOVATIVE FINANCE IN HONDURAS

More than half of households in Honduras use cook stoves that are highly inefficient, unhealthy and unsafe, impacting the health and well-being of users and families as well as the natural environment through Green House Gas (GHG) emissions. A $2.95 million SREP program promotes sustainable business models for clean cook stove distribution supporting Honduran rural communities by providing high-efficiency cook stoves for 70,000 households. This will reduce consumption and cost of firewood for project beneficiaries by 60 percent and improve living standards. The program is expected to offer a model that will be replicable in other Central American countries.

Honduras is also home to the $5.5 million SREP Self-Supply Renewable Energy Guarantee Program. Small-scale self-supply renewable energy systems are widely regarded as low-cost cost opportunities to mitigate climate change. This SREP program supports 10 companies that supply their own renewable energy through risk-sharing instruments for loans from the Inter-American Development Bank (IDB) and other financial institutions.

Mini grids can offer a promising solution to provide electricity to

many rural communities and we are committed to working with these

communities to explore their viability.Diaretou Gaye

World Bank Country Director for Kenya

❝

SREP KNOWLEDGE AND LEARNING

The Climate Investment Funds (CIF) and the World Bank’s Energy Sector Management Assistance Program (ESMAP) jointly organized a five-day event in May 2016 in Nairobi on ‘Upscaling Mini Grids for Least Cost and Timely Access to Electricity’. The event brought together – for the first time – more than 200 representatives from 29 countries to discuss ways to scale up mini grids as one of the solutions to meet energy demand in their country.

BRINGING LOW-COST, TIMELY ELECTRICITY TO THE RURAL POOR IN TANZANIA

In Tanzania, only 18 percent of the population have access to electricity, ranking the country amongst the most severely energy deprived African countries.

A $4.95 million SREP program strengthens the enabling environments for crucial investments in energy access. The project, channeled through the International Finance Cooperation, seeks to catalyze large-scale deployment of renewable energy rebalancing the country towards a more diversified share of renewable energy sources. An advisory working groups, including government representatives, is helping with the preparation and adaptation of the technical standards for mini grids. This will ensure supply quality and reliability standards are met, allowing the private sector to develop and implement the mini grid projects.

EXPANDING GEOTHERMAL ENERGY IN KENYA

Approximately 65 percent of the population in Kenya do not have access to basic energy services and existing energy supply is heavily and unsustainably dependent on hydroelectric power. To meet growing energy demand, Kenya is increasingly turning to other renewable energy solutions, particularly geothermal.

SREP supports this effort by helping to remove investment barriers, such as exploration and drilling risks, to establish a strong basis for private sector participation in Kenya’s emerging geothermal energy market. A $25 million SREP project, administered by the African Development Bank, supports the expansion of the Menengai geothermal power plant. The project will provide power to about 500,000 households and 300,000 businesses.

SREP INVESTMENT

50%

34%4%12%AFRICA 50%ASIA 34%LATIN AMERICA AND CARIBBEAN (LAC) 12%EUROPE AND CENTRAL ASIA (ECA) 4%

MINI GRIDS

WHAT? LOCALIZED ELECTRICITY NETWORKS – TYPICALLY HARNESSING ENERGY FROM AVAILABLE SOLAR, WIND, HYDRO AND BIOMASS – COULD HASTEN CONNECTIVITY FOR MILLIONS OF PEOPLE

WHERE? MINI GRIDS HOLD GREAT PROMISE FOR ELECTRIFYING REMOTE AREAS, PARTICULARLY IN REGIONS SUCH AS SUB-SAHARAN AFRICA AND ASIA

WHY NOW? INNOVATIONS AND DECLINING COSTS HAVE MADE MINI GRIDS A VIABLE OPTION FOR ENERGY ACCESS IN AREAS THAT WOULD OTHERWISE BY WAITING YEARS FOR GRID CONNECTION

FINANCING? SREP, ALONG WITH MULTILATERAL DEVELOPMENT BANKS, IS FINANCING INITIAL EFFORTS TO SCALE UP MINI GRIDS IN 14COUNTRIES. TO DATE, MORE THAN $140 MILLION HAS BEEN ALLOCATED FOR THESE MINI GRID PROGRAMS.

@CIF_ACTION youtube.com/user/CIFACTION WWW.FLICKR.COM/PHOTOS/CIFACTION FACEBOOK.COM/CIFACTION

WWW.CLIMATEINVESTMENTFUNDS.ORG

CIFNEWS@WORLDBANK.ORG

AS OF NOVEMBER, 2016

$839MENDORSED INDICATIVE FUNDING—68 projects $1.9 billion expected co-financing

SREP PORTFOLIO

$264 million APPROVED BY

SUB-COMMITTEE (SC)

$231 million APPROVED BY MULTILATERAL DEVELOPMENT BANKS (MDBS)

$822 million INDICATIVE PIPELINE ALLOCATION

SREP IS SUPPORTING A VARIETY OF ENERGY SOLUTIONS

SREP COUNTRIES

Approved and under implementation

- 20 80 12040 10060

USD million

Notes: 1 Gigawatt hours 2 As of June 2016.

PROJECT(S) BEING SUPPORTED BYCIF DEDICATED PRIVATE SECTOR FUNDING

SREP

Kiribati

Nicaragua

Mali

BeninSierra LeoneSierra Leone

HaitiHaiti

Malawi

Lesotho

Ethiopia

Yemen

Kenya

Tanzania

Madagascar

SolomonIslands

Vanuatu

Mongolia

Rwanda

Uganda

Armenia

Zambia

SREP ALLOCATION & APPROVALS

Photos: World Bank Group, Fadel Senna/AFP

Wind

>1%

Cookstoves

1%

Waste to Energy

3%

Hydropower

13%

Solar

21%

Geothermal

25%

Mixed Renewable Energy

36%

SCALING UP RENEWABLE ENERGY IN LOW INCOME COUNTRIES PROGRAM

EXPECTED RESULTS (TARGET) FROM ENDORSED SREP INVESTMENT PLANS

EXPECTED RESULTS (TARGET) FROM APPROVED PROJECTS (FROM 18 MDB APPROVED PROJECTS REPORTING)

ELECTRICITY TO BE GENERATED ANNUALLY

EQUIVALENT TO THE ANNUAL PRODUCTION OF ARMENIA

ELECTRICITY TO BE GENERATED ANNUALLY

6.700 GWh 2.600 GWh

IMPROVED ENERGY ACCESS

17.3 million people IMPROVED ENERGY ACCESS

4.9 million people APPROXIMATELY THE POPULATION OF MALAWI