Nov. 27, 2007
On June 27 the Renewable Energy and Energy Efficiency Partnership (REEEP) announced plans to disburse EUR 3.2 million in funds for 35 new, clean energy projects. The REEEP's sixth round of funding is the largest in its four-year history.
The Norwegian government's announcement in March to pledge EUR 3.7 million was a key event behind the REEEP's increased funding. As a new donor government, Norway joins the United Kingdom, Ireland, Italy and New Zealand as a project donor government. Norwegian funds are being used primarily for project support in Brazil, China, India and West Africa. The REEEP is now directly commissioning projects for the first time, in addition to selecting projects via public tender. Forty-four percent of projects receiving REEEP funding are dedicated to energy efficiency.
"The projects we're backing are delivering replicable models for renewable and energy-efficient development," said REEEP International Director Marianne Osterkorn. "Our partnership of governments, NGOs and businesses is helping to establish a stable global marketplace for clean energy."
