Ethiopia-Program for Scaling Up Renewable Energy in Low Income Countries (SREP)
"As a result of the detailed consultations undertaken during Phase I of SREP Programming and based on the barrier analysis outlined in the previous section, the IP identifies the following candidate projects for consideration of SREP funding:
- Development of Aluto Langano Geothermal field
- Assela Wind Farm Project
- Clean Energy SMEs Capacity Building and Investment Facility
- Sor Small Hydro Electric Power Plant Expansion and Rehabilitation Project
- Development of Tendaho Geothermal field
With a plan to reach at least 10 % non-hydro renewable energy mix in the grid, a target has been set for contributions from other renewable energy sources. To this end, the geothermal projects were included based on its readiness for implementation, since a lot of exploration work has been conducted at the above mentioned two geothermal fields. The wind power development will consider the whole cycle of development beginning with feasibility study, and its main purpose will be to help set the ground for the take-off of wind power development, involving local engineering and technology development. The first phase of the Sor small hydropower project has been implemented and has been serving the local community since 1992. A feasibility plan for the expansion of the project is completed and thus ready for implementation. Dissemination of improved biomass cook stoves and other distributed renewable energy technologies (like solar lighting devices and solar home systems, institutional cook stoves, solar water heaters, biomass briquetting technologies, sustainably-produced charcoal) has been identified as a priority area for Ethiopia for reducing its carbon foot-print and also creating access to better energy services for the vast majority of Ethiopians, especially in the rural areas outside of grid coverage. This has the potential to be tackled through the implementation of the SMEs Investment Facility."
"The Scaling-Up Renewable Energy Program for Low Income Countries (SREP) is a program under the Strategic Climate Fund (a multi-donor Trust Fund within the Climate Investment Funds). Its overall objective, which is under development, is to support investments in a small number of low income countries for energy efficiency, renewable energy and access to modern sustainable energy.
The SREP stimulates economic growth through the scaled-up development of renewable energy solutions and, it acts as a catalyst for the transformation of the renewables market by obtaining government support for market creation, private sector implementation, and productive energy use.
Recognizing the significant role the private sector has in promoting renewable energy, SREP promotes both public and private sector actions to remove barriers that might otherwise inhibit scaled-up private sector investments.
SREP is country-led and builds on national policies and the activities of other existing energy initiatives. It operates in a small number of low-income countries to maximize its impact and demonstrative effect."