Global Green Growth Institute
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Readiness Support for the Development of the Vanuatu National Green Energy Fund

IATI Identifier:

Published on IATI
  • date_range Jul 03, 2017 - May 31, 2018
  • autorenew Closed (Status)

To contribute to the country’s energy access and sustainability targets the Government of Vanuatu approved the establishment of the National Green Energy Fund (NGEF) through a decision by the Council of Ministers in 2016. GCF Readiness Program will allow NGCF to finalize required feasibility studies with an aim to enable an informed decision by the government regarding the NGEF strategy and implementation priorities. Vanuatu has more than 60 inhabited islands and is extremely vulnerable to climate change but has only 9% electrification in off-grid areas (outside of urban concession areas). The country has a USD 20 million financing gap to achieve national energy access targets has been identified (National Energy Roadmap, 2016). At the same time under the sustainable energy objective, a target of 100% renewable energy in the electricity sector has been set for the year 2030 (Nationally Determined Contributions, 2015).

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Sectors:
  • Energy generation, renewable sources - multiple technologies

  • Reporting Organisation

Participating Organisations

Global Green Growth Institute Multilateral Implementing
Green Climate Fund Multilateral Funding

Transaction

Transaction Value Provider
Receiver
Type Date
Not Available Provider N/A Receiver N/A
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Not Available Provider N/A Receiver N/A
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Not Available Provider N/A Receiver N/A
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Not Available Provider N/A Receiver N/A
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Budget

613,334 USD
  • 243,334 USD (Valued at Dec 31, 2018)
    date_range Jan 01, 2018 - Dec 31, 2018
  • 370,000 USD (Valued at Jan 01, 2017)
    date_range Jan 01, 2017 - Dec 31, 2017
access_time Updated on Jul 07, 2021 01:08:32