| Project Detail |
Project ID
150124
Thematic Priority
Safeguarding the Environment
LocationSao Tome and Principe
In the business as usual (BAU) scenario the introduction of RE&EE solutions in STP would continue to be hindered by a broad range of barriers. In this scenario, the attainment of the ambitious sustainable energy and climate mitigation and “green economy” objectives of the Government would remain uncertain. Key economic sectors would continue to suffer from unsustainable patterns of the electricity system. The GEF project will significantly contribute to the transformational change of the electricity system of STP to a sustainable low-carbon development path. It will focus on a set of integrated interventions in the areas of policy and regulatory frameworks, institution building, technology demonstration, pre-investment support, as well as qualification and certification. The interventions are directed towards the creation of an enabling environment for the uptake of inclusive markets for RE&EE products and services in STP. Under the project, the Government will develop a coherent vision and road-map on how to achieve SDG-7 by 2030. The project focuses primarily on the introduction of new innovative medium-scale RE technologies (e.g. small hydro, grid-connected PV, PV hybrid mini-grids) and EE solutions with high GHG emission reduction and domestic value creation potential. Apart from technological innovation, the project will promote the switch from purely grant financed projects to more blended modalities involving loans and private sector equity. The project approach pays special attention to the SDG-9 (industrial development and innovation) dimension of SDG-7. This results into a focus on sustainable energy solutions for economic/industrial key sectors (e.g. agriculture, food processing, fishery, tourism) and the strengthening of the productive and innovation capacities of domestic energy businesses and entrepreneurs. The latter requires a balanced consideration of demand-side and supply(ier) side elements throughout policy, investment and capacity building interventions.The GEF project will also provide the opportunities and the means for STP to make good use of the lessons learned and best practices from Guinea-Bissau and Cabo Verde, who underwent a similar experience and are in the process of addressing similar barriers thanks to GEF intervention. |
