PREO
Featured image: Stock

The Powering Renewable Energy Opportunities (PREO) Programme has been officially launched.

The programme promotes clean energy in sub-Saharan Africa to boost long-term job creation and reduce poverty through economic growth and women empowerment.

Read more news:
World Bank: It’s time to evaluate the impact of climate finance
Traditional financing solutions inadequate for off-grid solar market

PREO announced its first round of call for proposals for Action Learning Projects and Innovative Supply-chain Based Partnerships that have the potential to stimulate productive electricity demand and improve incomes in off-grid areas in rural sub-Saharan Africa (excluding South Africa).

Eligible projects will receive grants in the range of €100,000 and €300,000 and will be judged against a number of criteria.

Deadline for proposals is 30 July 2020.

The criteria include the project’s potential contribution to socio-economic development in the form of livelihoods opportunities, local employment, income and value creation, women economic empowerment, as well as replicability and scalability of the projects.

PREO backed by IKEA Foundation

In addition to stimulating productive use of energy and economic activity, successful applicants are expected to undertake action research, gather and evaluate socio-economic impact data, and share learnings.

Backed by the IKEA Foundation with co-funding from UK Aid and delivered jointly by the Carbon Trust and Energy 4 Impact, PREO will provide support to locally-relevant energy projects and partnerships that use a market-led approach to expand productive use of energy (PUE) in rural areas.

The expansion of PUE is to be achieved through:

  • grant funding to stimulate investment and income-generating activities;
  • partnership building support to bring various actors together for specific projects and programmes;
  • offering advisory services to companies involved in PUE, including market intelligence, partnering and financing advice.

Projects and partnerships are invited to submit their proposal through www.preo.org by 30 July 2020.