Through the Marketplace, IRENA aims to accelerate the up-scaling of investments – both public and private – to promote the initiation, development and financing of low-carbon renewable energy projects.
The Sustainable Energy Marketplace collaborates with partners to bring projects to an investment-mature stage and links projects with investors. IRENA also actively supports registered projects by sharing facilitation and funding opportunities.
Credits: ENEA Consulting
After receiving over 50 applications of energy access projects from 17 African countries, ENEA Consulting selected a Marketplace project to receive pro bono support from its high calibre energy consultants.
Sun Culture (Kenya) designs and sells solar-powered drip irrigation kits for smallholder farmers, and ENEA will support Sun Culture in its commercial and distribution strategy for their new RainMaker product.
Farmer Kenneth with nuts and oil tank. Credits: EKO Fuels Kenya
Expo Live, the innovation and partnership program launched by Expo 2020 Dubai in 2017, announced the results of the first round of its Impact Innovation Grant Programme. A bioenergy project developer registered on the Sustainable Energy Marketplace is among the first to receive funding from the Expo Live programme. The 29 winners of the USD 100 000 grants were selected in a three-stage process from 575 applications in 71 countries.
IRENA and the Inter-American Development Bank’s (IDB) Sustainable Energy Marketplace for Latin America and the Caribbean, have announced a $300,000 technical assistance award to advance the development of six renewable energy projects across Latin America and the Caribbean. The projects — based in Argentina, Colombia, El Salvador, Haiti, Honduras, and Mexico — cover a range of areas including solar, wind, and carbon management.
Between November 2015 and March 2016, IRENA received 76 project proposals from 16 different IDB member states and after careful evaluation a final six were selected. Proposals were submitted via the Sustainable Energy Marketplace platform.