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.
2000 - Present
Current Phase is AREED II
Initial funding from United Nations Foundation (US$ 4.3 million), and additional US$ 4 million from donors. E+Co raised US$ 250 million.
AREED has used (E+Co)’s business development model, offering local entrepreneurs a combination of enterprise development services (EDS) and seed financing.
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.
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.
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
No contact information (the website was down during the input of this entry).