News

The Energy Sector Management Assistance Program (ESMAP) is supporting the RE development process through the Renewable Energy Market Transformation Initiative (REMTI). REMTI will help countries address the preparatory work needed in the earlier stages of program development by providing technical assistance, knowledge sharing activities, and capacity building training to facilitate access to financing.

A number of multilateral initiatives and facilities—the Climate Investment Funds (including Clean Technology Fund and Scaling-Up Renewable Energy Program), the Global Environment Facility, and the Carbon Partnership Facility—have been created to augment financial support to scale up RE investments in developing countries. Typically, they focus on the end of the program development chain, providing grants and / or concessional loans for RE pilot projects or programs to scale up RE deployment.

REMTI targets developing country governments and private sector stakeholders engaged in the adoption, adaptation, and deployment of identified RE technologies for grid-connected power generation. REMTI aims to enhance institutional capacity of clients to develop, plan, and implement policies and strategies to scale up deployment of these technologies for grid-connected power.

REMTI focuses on four areas of engagement:

·         Country RE Market Transformation Strategies that support the role of RE technologies in achieving broader client goals of enhanced energy security, access, and supply diversification, as well as climate change mitigation.

·         RE Technology Deployment Roadmaps to scale up investment by private/public developers in grid-connected power generation facilities using RE resources.

·         RE Market Development Support Mechanisms to help reduce the associated financing risks of private/public developers of grid-connected power generation facilities using RE resources.

·         Knowledge Exchange to share ESMAP lessons learned and foster capacity building with clients using knowledge products generated from country RE market transformation strategies and RE technology deployment roadmaps—modeling toolkits, best practices, “how to” guidance, and interactive training.