How it works
The program works through national and regional investment plans that address the technical, policy, and market barriers preventing the further penetration of renewable energy into the grid. It promotes specific investments in enabling technologies, infrastructure, or business models that may demonstrate the benefits of such an approach in developing countries. In addition, a dedicated private-sector window may allow for investments in countries or regions where the regulatory framework and market structure support direct investments in flexibility and innovations.
Activities that may be funded under this program are presented below:
- Scaling up technologies that enable renewable energy, such as storage solutions, grid management, and green fuels;
- Enhancing infrastructure to be renewable energy-ready through smart grids and grid interconnections;
- Supporting renewable-energy innovation, for example, by empowering consumers to contribute actively to demand-side management; along with
- Enhancing system and market design and operation through regulatory change and procedural innovation.
The program provides technical assistance to facilitate policy-level activities at the sectoral level, such as conducting market studies and developing improved procurement mechanisms. It also promotes innovative market and system design and operations, such as advanced weather systems and net billing schemes.