Global Green Growth Institute
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Mobilizing Finance for Green Energy Projects in Vanuatu

IATI Identifier: XM-DAC-47136-VU1
Published in IATI IATI
  • date_range Jan 01, 2017 - Dec 31, 2019
  • autorenew Closed (Status)

Vanuatu is a Small Island Developing State, consisting of more than 80 remote islands and highly vulnerable to climate change. Its remoteness, small market size and limited institutional capacity remain key barriers to green growth. Over 2015-2016, in collaboration with the World Bank, GGGI provided technical assistance to the Department of Energy for the revision of the National Energy Road Map (NERM). The revised NERM has identified five strategic areas for policy intervention in the energy sector: accessible energy, affordable energy, secure and reliable energy, sustainable energy and green growth. In addition, a financing gap of at least USD 20 million was identified to achieve national energy access targets. 73% of Vanuatu’s population does not have access to electricity. The Project aims to implement the objectives of the NERM to achieve 100% rural electrification, while also supporting the 100% renewable energy target also set out in the NERM. It will do so by helping to mobilize financial resources to help fill the USD 20 million financing gap for Vanuatu. The NGEF was included in the NERM as one of the tools for its implementation. The Program also aims to provide green employment opportunities in rural areas through use of renewable energies.

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Sectors:
  • Energy generation, renewable sources - multiple technologies error
    Sector code:
    23210 - Energy generation, renewable sources - multiple technologies
    Sector vocabulary:
    1 - OECD DAC CRS Purpose Codes (5 digit)
  • Reporting Organisation error
    Sector code:
    SE - Reporting Organisation
    Sector vocabulary:
    99 - Reporting Organisation

Participating Organisations

Organisation Name Organisation Type Organisation Role
Global Green Growth Institute Multilateral Implementing
Green Climate Fund Multilateral Funding
Vanuatu government Government Funding

Transaction

Transaction Value Provider Receiver Type Date
104,327 USD (Valued at Dec 31, 2019) circle Provider N/A circle Receiver N/A Expenditure date_rangeJan 01, 2019
603,792 USD (Valued at Dec 31, 2018) circle Provider N/A circle Receiver N/A Expenditure date_rangeJan 01, 2018
Not Available circle Provider N/A circle Receiver N/A Incoming Funds date_rangeJan 01, 2018
701,698 USD (Valued at Dec 31, 2017) circle Provider N/A circle Receiver N/A Expenditure date_rangeJan 01, 2017

Budget

1,794,349 USD
104,669 USD (Valued at Dec 31, 2019) date_range Jan 01, 2019 - Dec 31, 2019
757,806 USD (Valued at Dec 31, 2018) date_range Jan 01, 2018 - Dec 31, 2018
931,874 USD (Valued at Dec 31, 2017) date_range Jan 01, 2017 - Dec 31, 2017
access_timeUpdated on Aug 03, 2020 14:04:58
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