Under the Clean Technology Fund (CTF), the Dedicated Private Sector Programs (DPSPs) were launched in 2013 to finance operations that can deliver scale (in terms of development results and impact, private sector leverage and investment from CTF financing) and speed (faster deployment of CTF resources, more efficient processing procedures), while at the same time maintaining a strong link to country priorities and CTF program objectives. The DPSPs have utilized a programmatic approach where MDBs collaboratively identified private sector funding opportunities. Phase I of DPSPs was approved in October 2013 with an indicative allocation of USD 150 million and phase II was approved in June 2014 with an indicative allocation of USD 358 million.
Since then, approximately $465 million has been allocated for DPSPs under six thematic areas: geothermal power, mini-grids, mezzanine finance, energy efficiency, solar photovoltaic power, and early stage renewable energy. Within each thematic area, MDBs are developing sub-programs/projects.
(Click here for a detailed table of the DPSP project pipeline)
Upon approval of the DPSP in October 2013, the Trust Fund Committee also requested that a robust knowledge management platform is put in place to ensure that lessons from the Dedicated Private Sector Programs are captured and widely disseminated. The CIF Administrative Unit has partnered with the Climate Policy Initiative to undertake a series of geothermal workshops and knowledge products to fulfill the knowledge management request under the geothermal theme.
*Information as of December 2015
For more information on approved DPSP projects, visit: Projects - DPSP.