Ethiopia: The World Bank’s board of executive directors have approved $200 M Renewable Energy Guarantees Programme (REGREP) to mobilise International Development Association (IDA) guarantees under a Multi-Phased Programmatic Approach (MPA).
The programme will support the government of Ethiopia’s ongoing power sector reforms and leverage private sector financing for renewable energy generation.
REGREP will support the development of over 1,000 MW of greenfield solar and wind energy Independent Power Producer (IPP) projects in Ethiopia, including the World Bank Group Scaling Solar initiative.
The Energy Sector Management Assistance Program (ESMAP) provided support in terms of resource mapping and validation, as well as technical studies to identify areas for wind development.
Source: ESI Africa