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Sustainable Renewables Risk Mitigation Initiative (SRMI) Facility (Phase 2 Resilience focus) [SRMI-Resilience]

Project Details

Sustainable Renewables Risk Mitigation Initiative (SRMI) Facility (Phase 2 Resilience focus) [SRMI-Resilience]

Started :
16 March 2023
Accredited Entity : World Bank
World-Bank

55 Million

TON CO2 EMISSION AVOIDED

25.9 Million

BENEFICIARIES

160 Million

GCF FUNDING (USD)

959 Million

CO-FINANCING (USD)

SRMI-Resilience aims to support the energy transition by increasing access to affordable, reliable, modern and sustainable electricity. The project will help countries develop energy transition programs and establish solid procurement processes needed to attract private investment. The project will serve as an example of how developing countries can level the playing field and attract private sector financing for cleaner and more sustainable energy sources.

The program is targeting 17 countries with 35.2 million beneficiaries accross 20 years of implementation.

Health, Food and Water Guarantee
Livelihoods of Citizens and Communities
Public
Private
Funding Proposal