1. What We Do

Renewable Energy Market Transformation

Abstract*

The development objective of the Renewable Energy Market Transformation Project is to establish policy and regulatory frameworks and build institutional capacity for renewable energy development in South Africa. The project global environmental objective, in line with GEF Operational Program No. 6, is to remove barriers to renewable energy technologies to help mitigate greenhouse gas emissions. The project has 2 components: 1) Renewables-based power...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The project's renewable energy objective, in line with GEF Operational Program 6, is to remove the barriers to, and reduce the implementation costs of, renewable energy technologies to help mitigate greenhouse gas emissions. The specific priority is CC-3 Power sector regulatory frameworks and policies for grid-based renewable energy.

Key Details

Project Details

  • P073322

  • Closed

  • Karan Capoor

  • N/A

  • South Africa

  • July 19, 2005

  • (as of board presentation)

    June 28, 2007

  • September 26, 2008

  • US$ 6.00 million

  • C

  • Not Applicable

  • September 30, 2013

  • BANK APPROVED

  • September 16, 2021

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)FY17 - Other Non-bank FinancialInstitutionsFY17 - Other Non-bank Financial InstitutionsFY17 - Renewable EnergyBiomassFY17 - Renewable Energy BiomassFY17 - Renewable EnergyGeothermalFY17 - Renewable Energy GeothermalFY17 - Renewable Energy SolarFY17 - Renewable Energy Wind

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Global Environment Facility (GEF) 6.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 6.00
Total Project Cost** 6.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Project Management Satisfactory 2013-06-08
Procurement Satisfactory 2013-06-08
Summary Global Objective Rating Satisfactory 2013-06-08
Counterpart Funding Highly Satisfactory 2013-06-08
Financial Management Satisfactory 2013-06-08
Monitoring and Evaluation Satisfactory 2013-06-08
Overall Implementation Progress (IP) Satisfactory 2013-06-08

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 03-31-2014
OutcomesSubstantial
Risk to Development OutcomeModest
Bank PerformanceSubstantial
Borrower PerformanceSubstantial
Government PerformanceHighly Satisfactory
Implementing AgencyModerately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 12-30-2014PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeModerateN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceSatisfactoryN/a
Government PerformanceHighly SatisfactoryN/a
Implementing AgencySatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • No. of developers asisstedValue1 or 2 renewable energy projects by private develo10-14 supported by project matching grants. Polic10-14 directly from project. Outcome of 80-100 IP
    DateJune 30, 2007November 15, 2012September 30, 2013
    Comment
  • No. of solar water heaters installedValue40200
    DateJune 30, 2007December 23, 2011December 31, 2012
    CommentIn progress
  • Policy and Regulatory framework developed and submitted for government approvalValueNo national policy on renewables or SWH beyond aspContinued policy support to announce final stage o
    DateDecember 7, 2011September 30, 2013
    Comment
  • an established solar water heater industryValue40. Solar water heater industry has two barriers: Significant progress with over 60,000 high pressurPolicy support to expand capacity of local SWH ind
    DateJune 30, 2007February 8, 2013September 30, 2013
    Comment
  • CO2 emission reduced or avoidedValue0300,000 tonnes annually from SWHCumulative outcome of 0.50 million tons from SWH
    DateJune 30, 2007March 1, 2013September 30, 2013
    Comment