The Renewable Energy Integration (REI) Program will help low- and middle-income countries develop more flexible and resilient energy systems through solutions that can accelerate the uptake of the best combinations of technologies to help in the following areas:
· Absorb new sources of intermittent renewable energy;
· Manage advanced grids;
· Balance different infrastructural requirements; and
· Improve overall energy systems operation.
The program works through national and regional investment plans that address the technical, policy, and market barriers preventing the further penetration of renewable energy into the grid. It promotes specific investments in enabling technologies, infrastructure, or business models that may demonstrate the benefits of such an approach in developing countries. In addition, a dedicated private-sector window may allow for investments in countries or regions where the regulatory framework and market structure support direct investments in flexibility and innovations.
Netherlands, Switzerland, United Kingdom
Investment criteria include:
· Potential for transformational change
· Potential for GHG emissions reduction/avoidance
· Potential to significantly contribute to the principles of just transition
· Financial effectiveness
· Implementation potential
· Gender equality and social inclusion impact
· Development impact potential
Sub-Saharan Africa, Asia, Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa.
CIF funding is only accessible through the MDBs (Asian Development Bank, African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Finance Corporation, World Bank), which serve as implementing partners.