REEEP will deploy more than USD$3.5 million to support projects identified
under its fourth round. The funding for the fourth round is from the UK
government. REEEP, which funds projects from around the world, will give
priority for this funding round to Angola, Brazil, China, India,
Kazakhstan, Mexico, Nigeria, Russia and South Africa.
"This is our largest funding round since the inception of the REEEP," said
Marianne Osterkorn, International Director. "The UK government should be
recognized for its leadership in addressing issues of energy security and
climate change, issues which energy efficiency and renewable energy can
mitigate. We hope that other governments will become supporters of our
partnership and provide the funding required to make clean energy a
reality."
A combination of new projects, wait-listed projects from the third round,
such as events, regional and partnership projects and strategic projects
will be supported in this fourth program round. REEEP intends to support
more than 40 additional projects and five events. Of these about 18 new
projects would be supported through the time-bound open global call for
new projects. Once selected, the projects would begin next spring.
The REEEP Program portfolio currently consists of 58 projects in 25
countries, primarily funded by the UK Government. These projects represent
an investment of more than USD$5.8 million from REEEP, which has achieved
a leverage of about USD$37 million.