African Rural Energy Enterprise Development (AREED)

United Nations Environment Programme (UNEP)

The purpose of AREED programme was to develop new sustainable energy enterprises that use clean, efficient, and renewable energy technologies (RET) to meet the energy needs of under-served populations in rural and periurban areas, while reducing the environmental and health impacts related to current energy use patterns.

Open to Applications: 
Yes
Application Time Frame: 

2000 - Present
Current Phase is AREED II

Climate Objective: 
Mitigation
Administrator Type: 
Intergovernmental Organization
Direct Access: 
Not Specified
Fund Size: 

Initial funding from United Nations Foundation (US$ 4.3 million), and additional US$ 4 million from donors. E+Co raised US$ 250 million.

Financing Award: 
Not Specified
Trustee: 
E+Co
Implementing Entity: 

E+Co

Steps to Access & Application Procedure: 

AREED has used (E+Co)’s business development model, offering local entrepreneurs a combination of enterprise development services (EDS) and seed financing.

Organizational and Decision Making Structure: 

The Rural Energy Enterprise Development (REED) initiative is a flagship UNEP Energy effort, in partnership with clean energy investor E+Co, Un Foundation, the W. Alton Jones Foundation, and a diverse group of country enterprise development partners.

Monitoring and Reporting Procedures: 

Not specified

Co-financing Requirements (if applicable): 

Not specified

Other Eligibility Criteria Beyond Geography and Income: 

Currently focus on the energy needs of the rural poor in five countries of Western and Southern Africa, namely Ghana, Mali, Senegal, Tanzania, and Zambia.

Other Comments: 

The website: areed.org was down during the input of this initiative. Check back later to see if the website is back again.
Information attained is mostly from here: https://www.climate-eval.org/sites/default/files/evaluations/524%20AREED... and http://africanclimate.net/en/node/6233

Contact Information

www.areed.org

No contact information (the website was down during the input of this entry).

Last Updated: 
22.09.16
Download All Data
Sectors & Topics: 
Renewable Energy
Eligible Countries and Geographic Regions: 
Sub-Saharan Africa
Active in Countries: 
Ghana
Mali
Senegal
Zambia