Name of the entity
Powering Renewable Energy Opportunities (PREO)
Type of Support Provider
Multilateral
Close Date
Climate Objective
Mitigation
Eligible to submit a proposal
Private companies
Co-financing Requirement
Yes
Consortium Requirement
No
Funding Amount
USD 200,000
Region
East Asia and Pacific
Country Grouping
Small Island Developing States (SIDS)
Sectors and Themes
Agriculture
Education
Energy
Health
Transport
Waste
Water
Call Summary
Applications are now open for PREO grant funding to support renewable energy innovators in Pacific Island Countries-focused projects. This open call will accept applications from enterprises targeting innovative productive use of renewable energy (PURE) business models across multiple applications including solar water pumping for irrigation, cold storage for food, agro-processing of crops (e.g., milling, drying, oil press), electric mobility for taxi drivers and fishing boats, and more. Applications are accepted for projects to be delivered in – Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga, Vanuatu.
Priority sectors:
• Agro Processing: renewably-powered milling, drying, oil press, egg incubation and pulping;
• Cooling: positive (between 0°C and 15°C) and negative (between -15°C and 0°C) temperature renewably-powered cold storage, freezing, and milk chilling
• Renewably-powered water solutions
• E-Waste Recycling: end-of-life PURE products, as well as supportive renewable energy assets;
• Textiles: manufacturing or mending shoes and sewing clothes commercially
• E-Mobility: electric transport including electric two-wheelers, three-wheelers and boats (among others)
• Education: renewably-powered appliances for educational use
• Healthcare: renewably-powered appliances for medical use
• Hospitality: renewably-powered systems or appliances for hospitality use
• Information and communication technology (ICT): use of digital technology such as computers or phones to manage and process information and to communicate with others. It is used in various fields, including education, business, healthcare, entertainment, and many others
• Renewably-powered street lighting
Priority sectors:
• Agro Processing: renewably-powered milling, drying, oil press, egg incubation and pulping;
• Cooling: positive (between 0°C and 15°C) and negative (between -15°C and 0°C) temperature renewably-powered cold storage, freezing, and milk chilling
• Renewably-powered water solutions
• E-Waste Recycling: end-of-life PURE products, as well as supportive renewable energy assets;
• Textiles: manufacturing or mending shoes and sewing clothes commercially
• E-Mobility: electric transport including electric two-wheelers, three-wheelers and boats (among others)
• Education: renewably-powered appliances for educational use
• Healthcare: renewably-powered appliances for medical use
• Hospitality: renewably-powered systems or appliances for hospitality use
• Information and communication technology (ICT): use of digital technology such as computers or phones to manage and process information and to communicate with others. It is used in various fields, including education, business, healthcare, entertainment, and many others
• Renewably-powered street lighting
Eligibility Criteria
PREO will only accept applications for projects to be delivered in the following Pacific Island Countries – Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga, Vanuatu. Locally-led projects are encouraged, but applicants can be based outside of the geographic scope, provided the project has a local partner or office located in one of the target countries.
Other eligibility criteria include:
• Any legally registered and physically established business or non-profit organization may apply for funding related to a project to be delivered in one of the Pacific Island countries mentioned in the geographic scope.
• The enterprise must propose a business model or concept centered around the productive use of renewable energy sources as described in the energy sources section.
• Applicants must clearly outline the business model including co-financing opportunities, the novelty of the concept or business model, how the grant will enhance job creation and promote gender inclusion, equity ownership including local ownership and involvement of local manufacturing, and the expected reduction in emissions.
The applications will be reviewed based on the following criteria:
1. Novelty of the business model: Is the business model highly innovative or has it been in existence for a long time?
2. Alignment of the business model to the call: Is the model to be demonstrated by the project the core business model for the applicant, and is it scalable and sustainable?
3. Ability of the business to catalyze capital: Does the business have scope to attract private capital?
4. Job creation: Does the business model open opportunities in job creation?
5. Avoided emissions: Does the business model contribute to reduction of greenhouse gas emissions?
6. Gender inclusion: Does the business model promote greater gender inclusion? E.g., job creation for women
7. Local ownership and manufacturing: Does the business have local ownership, and/or does it involve local manufacturing?
Other eligibility criteria include:
• Any legally registered and physically established business or non-profit organization may apply for funding related to a project to be delivered in one of the Pacific Island countries mentioned in the geographic scope.
• The enterprise must propose a business model or concept centered around the productive use of renewable energy sources as described in the energy sources section.
• Applicants must clearly outline the business model including co-financing opportunities, the novelty of the concept or business model, how the grant will enhance job creation and promote gender inclusion, equity ownership including local ownership and involvement of local manufacturing, and the expected reduction in emissions.
The applications will be reviewed based on the following criteria:
1. Novelty of the business model: Is the business model highly innovative or has it been in existence for a long time?
2. Alignment of the business model to the call: Is the model to be demonstrated by the project the core business model for the applicant, and is it scalable and sustainable?
3. Ability of the business to catalyze capital: Does the business have scope to attract private capital?
4. Job creation: Does the business model open opportunities in job creation?
5. Avoided emissions: Does the business model contribute to reduction of greenhouse gas emissions?
6. Gender inclusion: Does the business model promote greater gender inclusion? E.g., job creation for women
7. Local ownership and manufacturing: Does the business have local ownership, and/or does it involve local manufacturing?
Application Link