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Peace Renewable Energy Certificate (P-REC) Aggregation Facility

Sector: Energy • Location: Multiple

Source: SolarQuarter

Project
Planned

The African Development Bank Group has approved a $11.3 million facility to pilot the Peace Renewable Energy Certificate (P-REC) Aggregation Facility, an innovative financing mechanism to accelerate renewable energy deployment in fragile and energy-poor regions across Africa. The facility will fund renewable mini-grid projects in 14 African countries, providing upfront capital to developers in exc

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The project “Peace Renewable Energy Certificate (P-REC) Aggregation Facility” is an infrastructure initiative in the Energy sector, located in Multiple. Taiyo aggregates data on it from SolarQuarter.

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Participants

Sponsoring Agency

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Status

Original status

planned

Taiyo status

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Email

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Description

Description

The African Development Bank Group has approved a $11.3 million facility to pilot the Peace Renewable Energy Certificate (P-REC) Aggregation Facility, an innovative financing mechanism to accelerate renewable energy deployment in fragile and energy-poor regions across Africa. The facility will fund renewable mini-grid projects in 14 African countries, providing upfront capital to developers in exchange for future certificate rights, which will be sold to multinational corporations to create a sustainable funding loop.

Original sub-sector

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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