Project

Project Reference Profiles – Vanuatu(VU1) Vanuatu – Mobilizing Finance for Green Energy Projects in Vanuatu

At a Glance

Strategic Outcomes SO1, SO2, SO3
Start Date Q1  Jan 1 2017
End Date q1 Dec 31 2019
Funding Source Core
Actual Budget (USD) 104,669
Budget Percentage 100%
Actual Expenditure (USD) 104,327
Status Complete
GGGI Share (USD) 104,669
Poverty and Gender Policy Markers poverty, gender
Name of Client (Lead/Prime implementer if GGGI is part of a consortium) Department of Energy. Ministry of Climate Change. Department of Strategic Policy Planning and Aid Coordination, Department of Finance and Treasury, Department of Local Authorities, State Law office, Department of Tourism. Department of Water Resources
Participating Organization (Funding/donor)
Name of consortium members, if any
Thematic Area
  • Cross Cutting

Project context, objectives and description

This project focuses on the establishment of the National Green Energy Fund, a national financing vehicle, which aims to mobilize local and international resources to finance energy access, renewable energy and energy efficient investments, thereby enabling rural off-grid households access to better income and revenue generating activities, leading to improved livelihood. The project also looks to develop bankable green energy proposals and secure funding for implementation. A component of the project looks at capacity building of local counterpart institutions, including in support of the NGEF and development of guidelines and training for sustainable energy in the tourism sector.. Other components of the project look at policy/strategy development to create an enabling environment for green energy investments, including through but not limited to the NGEF. 

The project objective is to mobilize local and international funding resources for energy access and green energy projects through establishment of the National Green Energy Fund (NGEF) and through the design of bankable projects. It also focuses on enhancing institutional capacity building of the NGEF, Department of Energy, and other counterpart agencies with NGEF connections and creating an enabling policy environment. This project is aligned with IO2. Increased green growth investment flows which enable partner governments to implement green growth policies and IO3. Improved multi-directional knowledge sharing and learning to empower local and external agents necessary to drive green growth processes in partner governments 

Type of services provided, and results achieved

Impact: Improved access to energy for households and businesses in rural and peri-urban areas resulting in improved livelihoods, job creation and greater opportunities for income generation through implementation of renewable energy and energy efficiency. 

Outcome:  

  • Increased financing for energy access and green energy projects mobilized through establishment of a National Green Energy Fund (NGEF) and institutional capacity building. 
  • Increased financing for green energy projects mobilized through project proposal development. 
  • Increased knowledge and skills among government and local stakeholders to scale up green energy. 

Project Outputs completed in 2019: 

i. Green Growth Policies:

  • Policy Assignments: Completed the development of the National Energy Road Map – Implementation Plan (NERM-IP) aligned with the Vanuatu NDC Road Map.  
  • 2 policies adopted: 1. National Energy Road Map Implementation Plan (NERM-IP) launched by the Minister of Climate Change 2. NGEF Operations Manual as completed in 2018, approved by the NGEF Board in 2019.

ii. Green Investments: 

  • Advisory outputs that aim to create enabling environmentThe NERM-IP completed including the NERM-IP consultation workshop. 
  • Green investments catalyzedStart-up operational grant received for the NGEFGovernment provided funding of around USD 270K towards NGEF operations and pilot investments. 
  • Government approved for USD860,000 towards NGEF capitalization and for investments in green energy in November 2019. 
  • Enabling environment for green investtmentsNGEF published its first annual report covering 2018 operations  

iii. Capacity Building and Knowledge Products: N/A 

Number of staff provided

Project Manager: Paul Kaun 

Christopher Simelum, Katerina Syngellakis, Rosi Banuve, Yunae Nam 

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Project
Thematic Areas
Project Reference Profiles – (TL13) Macro-Economic Analysis
Start Date Q1 Jan 1 2019
Funding Source
Actual Budget (USD) 287,757
Status Active
Thematic Area
  • Cross Cutting
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