The CIF monitors and reports on the Scaling Up Renewable Energy in Low-Income Country Program's contribution to increasing both the supply of renewable energy produced and the number of people with access to clean energy. Projects also report on other co-benefits, such as the level of public and private investments in targeted sub-sections, gender impact, or greenhouse gas emissions avoided. Implementing MDBs annually collect, aggregate, and report data on these indicators for all SREP projects.
The SREP helps low income countries move toward low carbon development by adopting renewable energy technologies. The path from investment planning to implementation can take several years due to the high upfront costs and investment risks of nascent markets, as well as limited institutional capacity and frequent changes in government that can slow the process. Moreover, SREP projects that focus on geothermal energy exploration and drilling do not directly contribute to the total results.
The SREP portfolio is in the early stage of implementation, with 18 of 31 SREP MDB-approved projects reporting expected results on renewable energy generated and improved access to energy. By design, six of the other projects focus on strengthening the enabling environment for investments. The remaining seven projects were only recently approved for implementation.