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Scaling Up Renewable Energy in Low Income Countries Program (SREP) of the Climate Investment Funds (CIFs)

The USD 750 million Scaling Up Renewable Energy in Low Income Countries Program (SREP), a program of the Strategic Climate Fund (SCF) is a funding window of the CIF which empowers 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, with a focus on low-income countries. SREP also contains dedicated Private Sector Set Asides (PSSAs), which allow concessional financing to projects that engage the private sector.

Support provider 
14 donor countries: Australia, Canada, Denmark, France, Germany, Japan, Korea, Netherlands, Norway, Spain, Sweden, Switzerland, UK, US
Purpose of support 
Project and program implementation
Steps to access  

Countries are selected and subject to scoping and technical missions. Country then prepares investment plan which is subject to endorsement by the relevant CIF Trust Fund Committee. The Trust Fund Committee then can approve individual projects or programs under the investment plan. The relevant implementing MDB(s) must then approve the projects or programs through their own processes. The SREP Programming Modalities and Operational Guidelines are available here. SREP Financing modalities are available here.

1
MDB Outreach
2
Preliminary Review of Country
3
Investment Plan
4
Project Approval
5
Implementation
Climate objective 
Adaptation, Mitigation, Cross-cutting
Sectors and themes 
Energy efficiency, Renewable Energy, Gender
Type of support provider 
Multilateral
Type of recipient 
Public entity at the national level, Public entity at the sub-national level, Public entity at the regional level, Private sector
Fund size 

USD 750 million

Co-financing required 
Yes
Application timeframe 

Investment Plan preparation, submission and approval may take up to 2 years.

Project preparation, submission and approval by the SREP sub-committee maximum 2 years.

Trustee or administrator 
World Bank
Contact information 
https://www.climateinvestmentfunds.org/topics/energy-access