FP036
Pacific Islands Renewable Energy Investment Program
Pacific Islands Renewable Energy Investment Program
Helping free SIDS from their diesel dependence.
This programme covers seven Small Island Developing States (SIDS) which are some of the some of the world’s smallest, most isolated economies. They are the Cook Islands, Tonga, Republic of Marshall Islands, Federated States of Micronesia, Papua New Guinea, Nauru and Samoa. Power generation costs in these countries is among the highest because of their reliance on imported diesel, along with the high transportation costs from distributing the diesel to often highly dispersed populations.
All SIDS targeted in this programme recognize the benefits of shifting from diesel to renewable energy. This will lead to not only reduced greenhouse gas emissions but also enhanced energy security and improved balance of payments through reduced fossil fuel imports. But they also face various barriers in achieving this aim. This includes the high initial costs of installing renewable energy, the current lack of private sector investment and the pressing need for energy sector reforms.
This programme will initiate a number of paradigm-shifting moves across the seven SIDS. These include feasibility studies on how to expand renewable energy coverage, reform power utility management and encourage private sector engagement by identifying opportunities for independent power providers. Broad initiatives to move SIDS to renewable energy are being kicked off by an element within the programme to assist the Cook Islands install battery storage. This will help spur private sector investment to pave the way towards Cook Islands’ national target of 100 percent renewable energy by 2020.
The project has an estimated lifespan of 15 years.
Project timeline
Pipeline
12 Jul 2016 - 157 days
Concept note received
12 Jul 2016
Funding proposal received
01 Oct 2016
Approved
15 Dec 2016 - 579 days
Approved by GCF Board
15 Dec 2016
Cleared by iTAP
15 Dec 2016
FAA executed
18 May 2018
Under implementation
16 Jul 2018 - 2,345 days so far
FAA effective
16 Jul 2018
Disbursement - USD 4,900,000
12 Oct 2018
Legal opinion on AE's Internal Approval
21 Nov 2018
Annual Performance Report
28 Feb 2019
Disbursement - USD 9,600,000
26 Nov 2019
Disbursement - USD 1,000,000
26 Nov 2020
Disbursement - USD 1,000,000
01 Jun 2021
Disbursement - USD 250,000
23 Nov 2023
To be completed
16 Jul 2025 - 214 days to go
One region
- Asia-Pacific
Seven countries
One priority group
- Small Island Developing States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing99% disbursed
Instrument | Amount |
---|---|
Grant | USD 17,000,000 |
Total GCF Financing |
---|
USD 17,000,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Grant | USD 12,200,000 |
Total Co-Financing |
---|
USD 12,200,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
More contacts
National Designated Authority
Climate Change Cook Islands Division of the Office of the Prime Minister
Director of Climate Change
Office of the Prime Minister, Private Bag, Avarua, Rarotonga, Cook Islands
Ministry of Environment - Climate Change Directorate
Minister in Assistance to the President and Environment
GCF Support Coordinator
Department of Finance and Administration
Secretary/NDA
Department of Climate Change and National Resilience
Secretary for the Department of Climate Change & National Resilience
Government Building, Yaren District, Nauru
Director for Climate Action
Government Building, Yaren District, Nauru
Office of Climate Change and Development
Special Envoy for Climate and Environment
Dynasty Tower, Stratos Avenue, Waigani, National Capital District, Port Moresby, Papua New Guinea
Adviser to the NDA
Ministry of Finance
Chief Executive Officer
1 Apia City Boulevard, Central Bank Building, Apia, Samoa
Deputy Chief Executive Officer, Operations Department
1 Apia City Boulevard, Central Bank Building, Apia, Samoa
Deputy Chief Executive Officer, Policy Department
1 Apia City Boulevard, Central Bank Building, Apia, Samoa
Head of Climate Resilience Investment Coordination Division
Ministry for Meteorology, Energy, Information, Disaster Management, Environment, Climate Change and Communications (MEIDECC)
Documents
Title | Type | Date |
---|---|---|
Gender assessment for FP036: Pacific Islands Renewable Energy Investment Program | Gender assessment | 06 Jun 2017 |
Gender action plan for FP036: Pacific Islands Renewable Energy Investment Program | Gender action plan | 06 Jun 2017 |
Pacific Islands renewable energy investment programme | Approved funding proposal | 22 Mar 2017 |
Environmental and social safeguards (ESS) report for FP036: Pacific Islands Renewable Energy Investment Program | Environmental and Social Safeguards report | 30 Nov 2016 |