Getting Maximum Impact for New Clean Energy Markets REEEP – CTI PFAN Phased Financing Facility UNFCCC side event Bonn,5 June 2015 REEEP APPROACH: THEORY OF CHANGE CLEAN ENERGY MARKETS CAN ALTER CO2 EMISSION TRENDS WHILE INCREASING PROSPERITY. REEEP UNLOCKS CLEAN ENERGY MARKETS The highest potential for lies in Small and Medium Enterprises On average across all continents: 90% of companies 60% of jobs 50% of GDP Supporting start-ups What PFAN brings to the table Coaching and mentoring SME businesses Deal facilitation – USD 1 to 50 million Leverage public – private 1:80 Investments USD 654 million 60 projects – 512 MW – 2.3 million CO2e 100 network members What REEEP brings to the table Grant making experience and systems since 2005 350 Network Partners – developers, implementers, experts, policy makers 194 projects – business & policy portfolio Grant leverage 1:2 – buy-in Patient loans – Revolving Funds Deep Impact Data – market insights Scaling promising businesses REEEP-PFAN PORTFOLIO gdgdg TRACKING PROGRESS: MACRO INDICATORS in AGRIFOOD CO2 avoided/reduced kWh generated/reduced via efficiency Total customers Investment leverage Sector-specific: % increase food production % decrease food lost/waste % reduced production costs SME business development: Debt/equity ratio improvement Profit increase Market share increase Fuel Legal & Regulatory Corporate finance Design/R&D Production/Generation Marketing Subsidies Sales & Distribution Carbon finance Consumer Finance Billing / Payment After sales Source: IFC 2012 Value Chain Ecosystem conditions Business models for scale-up Sector analysis and macro-level change CREATING PATHWAYS REEEP IS A FIRST MOVER, WORKING AT THE FOREFRONT OF TECHNOLOGY AND MARKET DEVELOPMENT Futurepump SOLAR IRRIGATION SECTOR IN KENYA SOLAR IRRIGATION SECTOR IN KENYA CASE: SOLAR COOLING FOR DAIRY ENERPLUS SOLAR COOLING FOR DAIRY SOLAR COOLING FOR DAIRY Portfolio Highlight: Pran Dairy, Bangladesh Adapt solar to local dairy cooling needs Demand growth for dairy products Collection centres for smallholder farmers Solar electricity displaces grid/diesel mix Expand access to off-grid areas Pran is demonstrating viability for market scale while improving economic and health outcomes for Bangladesh people. NORAD Review of REEEP, 2014 • An innovative blend of public and private funding – highly complimentary • Targets clean energy initiatives with commercial promise • Bridges their funding gap through the acceleration stage • Improves policy and regulatory framework based on entrepreneurial promise Thank You! Martin Hiller REEEP DG [email protected]
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