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UK Department for International Development

Results Based Financing for Low Carbon Energy Access

UK aid from the British people

Project Data Last Updated: 03/12/2019

IATI Identifier: GB-1-202957

Description

To increase access to clean energy through the creation of an expanding market of green mini-grid installations in Africa serving rural villages unconnected to the main grid. This is expected to benefit around 1.3m people by 2018, while reducing carbon emissions by around 260,000 Tonnes of carbon dioxide, through supported private investment in the installation and operation of over 110 renewably-powered mini-grids (figures to be updated after Business Case completion). Electricity access for lighting, communications and productive uses creates jobs, enables studying at night and enhances public services (such as clinics) and public safety (eg through streetlighting). This project also addresses the post-2015 High Level Panel’s recommendation on a development goal entitled Secure Sustainable Energy, which includes energy access and renewable energyThe Results-Based Financing for Low Carbon Energy Access Programme aims to accelerate access to sustainable energy services in developing countries. The funding generates and tests different forms of Results-Based Financing (RBF) mechanism, which aim to stimulate decentralised energy markets and to leverage private investment to increase access to clean energy products and services.

Status - Implementation More information about project status
Project Spend More information about project funding
Participating Organisation(s) More information about implementing organisation(s)
Sectors

Sectors groups as a percentage of country budgets according to the Development Assistance Committee's classifications.

Budget

A comparison of forecast spend and the total amount of money spent on the project to date.