Scaling Up of Renewable Energies Program (SREP)
The $780 million Scaling Up Renewable Energy in Low Income Countries Program (SREP), a funding window of the CIF, is empowering transformation in developing countries by demonstrating the economic, social, and environmental viability of renewable energy.
Channeled through the multilateral development banks, SREP financing supports scaled-up deployment of renewable energy solutions to increase energy access and economic opportunities. A total of $194 million (25% of SREP funding) is approved and under implementation and expecting $1.2 billion in co-financing from other sources.
The SREP employs a programmatic approach that builds off of national policies and existing energy initiatives. It is attracting attention from investors, as well as other developing countries.
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