Energy Offer

Brief Description:

The project aims to accelerate access to sustainable, affordable, energy achievement in Zimbabwe. The initial investment will be used to initialize energy transition strategy as part of the Country Programme Document climate, energy policy support, institutional and systems strengthening, and innovative financing for green economy. 

Most of the initial investment will be directed towards the pilot model projects CAPEX as Viability Gap Funding. This catalytic grant projects will become bankable and help mobilise private investment by UNDP TRAC 2 resources, this intervention would be sustained by blended finance unlocked by feasibility studies, project pipeline, private sector partnerships, GCF Investments, and potentially Foreign Direct Investments. 

The initial TRAC funding of US$1.5M, is expected to catalyse million towards this initiative in the next 2 to 3 years.

Achievements

USD 1,5

Million

High level project launched

Identification of Action Opportunities to
accelerate closing the energy access gap
in Zimbabwe by 2025

Renewable Energy Project Coordinator Embedded in the Ministry of Energy and
Power Development, Business Development Training for the community
mini-grids conducted.

Technical Assistance for productive uses
of energy for key national partners and
community beneficiaries

Renewable Energy Investment
Conference held in Harare

Up to 50% Subsidy as Viability Gap Funding for feasibility studies, project
pipeline development for 5 community solar mini-grids and 3 pilot models

SDGs Addressed

1

NO POVERTY

2

ZERO HUNGER

3

GOOD HEALTH AND WELL-BEING

4

QUALITY EDUCATION

5

GENDER EQUALITY

7

AFFORDABLE AND CLEAN ENERGY

8

DECENT WORK AND ECONOMIC GROWTH

9

INDUSTRY, INNOVATION AND INFRRACTURE

10

REDUCED INEQUALITIES

13

CLIMATE ACTION

15

LIFE ON LAND

Impact

START DATE

March 2022

END DATE

December 2026

STATUS

Ongoing

PROJECT OFFICE

Zimbabwe

IMPLEMENTING PARTNER

Min.of Env., Water and Climat

DONORS

Adam Smith International

FED MINISTRY FOR THE ENVIRO - BMU

Foreign,Commonwealth & Dev.Off.

GOVERNMENT OF BELGIUM

GOVERNMENT OF GERMANY

MPTF-Joint SDG Fund

UNITED NATIONS DEVELOPMENT PROGRAMME

UNITED NATIONS ENVIRONMENT PROGRAMME

Unspecified

TOTAL CONTRIBUTIONS

$19,121,808

DELIVERY IN PREVIOUS YEARS

2022$649,368

2023$4,217,219

2024$5,745,784

Full Project information