1.a. PV and battery 3 10.5 0-8 (investment+ potentially a guarantee) 1.b. On-grid investments 0.5 supporting vRE integration 0.5 1 1.c. Technical Assistance Component 2: Off-grid 17 3 8.62 15.65 2.5 64 110.77 1:12 distributed RE 2.a. Mini-grids 2.4 3.62 3 1.5 9 2.b. Productive and 3 10 1 2 15 community uses 2.c. Households systems 1 3 7 40 2.d. Technical Assistance 4.6 1 1.43 and Capacity Building (OGEF Fund Manager and 2.22 operating expenses) Total SREP Project 21 3 19.62 15.65 3 64-72 1:5 Additional: small hydro 4 4 rehabilitation (IP Component 4) Total SREP IP 25 3 19.62 15.65 3 64-72 Private sector leveraging on Component 1 will only materialize if private investments in on-grid renewables are feasible in Phase II, e.g. through using SREP funds as a guarantee. Private sector leveraging under Component 2 will take the form of private equity and commercial loans. First, all private sector projects supported with SREP grant facilities will need to have private which will mostly be in the form of private equity. It is estimated that to achieve the project targets, US$13 million will need to come directly from the private sector. In addition, the project expects that the seed funding provided through OGEF (grants, equity and loans) will support off-grid businesses growth, creating opportunities for further investments and commercial lending for these companies. For example, the distributed energy sector companies (DESCOs) in East Africa, initially supported by donors and impact investors are now (3-4 years later) attracting private investments and commercial loans. The same pattern is expected to be followed in Haiti, and it is estimated that at least an additional US$51 million will be invested in SREP and companies during the lifetime of the project, allowing these companies to operate and grow beyond the life-time of the project and beyond the targets. project’s Gender. Rural electrification has the potential to improve equality and women’s socioeconomic status. The project will ensure gender-sensitive support through various
1.a. PV and battery (investment+ potentially a guarantee) 1.b. On-grid investments supporting vRE integration 1.c. Technical Assistance 3 1 10.5 0.5 0.5 0-8 Component 2: Off-grid distributed RE 17 3 8.62 15.65 2.5 64 110.77 1:12 2.a. Mini-grids 2.b. Productive and community uses 2.c. Households systems 2.d. Technical Assistance and Capacity Building (OGEF Fund Manager and operating expenses) 2.4 10 4.6 3 3.62 1 3 1 3 2 7 1.43 2.22 1.5 1 9 15 40 Total SREP Project 21 3 19.62 15.65 3 64-72 1:5 Additional: small hydro rehabilitation (IP Component 4) 4 4 Total SREP IP 25 3 19.62 15.65 3 64-72 Private sector leveraging on Component 1 will only materialize if private investments in on-grid renewables are feasible in Phase II, e.g. through using SREP funds as a guarantee. Private sector leveraging under Component 2 will take the form of private equity and commercial loans. First, all private sector projects supported with SREP grant facilities will need to have private which will mostly be in the form of private equity. It is estimated that to achieve the project targets, US$13 million will need to come directly from the private sector. In addition, the project expects that the seed funding provided through OGEF (grants, equity and loans) will support off-grid businesses growth, creating opportunities for further investments and commercial lending for these companies. For example, the distributed energy sector companies (DESCOs) in East Africa, initially supported by donors and impact investors are now (3-4 years later) attracting private investments and commercial loans. The same pattern is expected to be followed in Haiti, and it is estimated that at least an additional US$51 million will be invested in SREP and companies during the lifetime of the project, allowing these companies to operate and grow beyond the life-time of the project and beyond the project’s targets. Gender. Rural electrification has the potential to improve equality and women’s socioeconomic status. The project will ensure gender-sensitive support through various