Description/achievement of initiative
Offer support for clean energy through several activities detailed below.
The commitment will be achieved through offering support for clean energy:
i) public funding for above-market premiums (e.g. to partially cover feed-in tariffs, lighthouse PPAs or other types of performance-based incentives),
ii) a private fund to increase access to equity and debt for project development and ensure financial closure.
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure
World Bank Group, including MIGA & IFC
To be determined
Open to additional partners