Initiative to Scale up Renewable Energy in Low- Income Countries Launched in Copenhagen

The World Bank Programme Scaling up Renewable Energy in Low Income Countries (SREP), became effective with the announcement of financial support of $50 million by USA Energy Secretary Steven Chu in Copenhagen in December 2009. Prior to Copenhagen, pledged contributions to the SREP (in US$ equivalent) from the UK (82.4), Netherlands (81.8), Norway (26.5) and Switzerland (20) totaled $210.7 million. A target of $250 million minimum was needed before steps to operationalise the fund could be initiated. For more information about SREP see link to the right.