| Financier | Commitments |
|---|---|
| Borrower/Recipient | 0.50 |
| Global Environment Facility (GEF) | 8.45 |
| Borrowing Country's Fin. Intermediary/ies | 10.20 |
| Sub-borrower(s) | 0.50 |
Sustainable Energy Financing Program
Abstract*
The Sustainable Energy Financing Project aims to significantly increase the adoption and use of renewable energy technologies in participating Pacific Island states through a package of incentives to encourage local financial institutions to participate in sustainable energy finance in support of equipment purchase. In addition, the global environment objective is to contribute to mitigating climate change through the reduction of greenhouse gas emissions... Show More
Development Objective
The objective of the Program is (i) to significantly increase the adoption and use of renewable energy technologies and the more efficient use of energy through a package of incentives to encourage local financial institutions to participate in sustainable energy finance in the Participating Pacific Island States; and (ii) to support knowledge sharing and capacity building on renewable energy and energy efficiency technologies in the Participating Pacific Island States.
Key Details
Project Details
P098423
Closed
Mitsunori Motohashi , Kamleshwar Prasad Khelawan
ANZ Banking Group Limited,Republic of Fiji
Pacific Islands
March 21, 2006
(as of board presentation)
June 12, 2007
July 9, 2007
US$ 19.97 million
Department of Energy,Department of Energy
2007
US$ 8.45 million
C
N/A
May 15, 2022
BANK APPROVED
July 12, 2023
Finances
Financing Plan (US$ Millions)
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 | 8.45 |
| Total Project Cost** | 19.97 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Summary Global Objective Rating | Moderately Satisfactory | 2021-12-23 |
| Project Management | Satisfactory | 2021-12-23 |
| Monitoring and Evaluation | Satisfactory | 2021-12-23 |
| Procurement | Moderately Satisfactory | 2021-12-23 |
| Overall Implementation Progress (IP) | Moderately Unsatisfactory | 2021-12-23 |
| Overall Safeguards Rating | Satisfactory | 2021-12-23 |
| Counterpart Funding | Satisfactory | 2021-12-23 |
| Financial Management | Satisfactory | 2021-12-23 |
| Overall Safeguards Rating | Satisfactory | 2021-12-23 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 07-11-2023 |
|---|---|
| Outcomes | |
| Risk to Development Outcome | Substantial |
| Bank Performance | |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 12-21-2023 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Unsatisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Moderately Unsatisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | N/a | |
| Implementing Agency | N/a | |
| Icr Quality | Substantial | N/a |
| M&e Quality | Modest | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Increased lending from local financial institutions for RE and EE equipment in the Recipient’s territory Value 0.00 41.00 0.00 Date July 12, 2007 December 31, 2022 Comment Additional number of kW of RE and EE technology financed through approved participating financing institutions Value 0.00 8.80 0.00 Date July 12, 2007 December 31, 2022 Comment Carbon Dioxide emissions avoided due to financing through project Value 0.00 13.00 0.00 Date July 12, 2007 December 31, 2022 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
RSF guarantees called (Component 1) Value 0.00 2.00 0.00 Date July 12, 2007 December 31, 2022 Comment MSEs and Community organizations participating in TA or training activities (Component 2) Value 0.00 12.00 0.00 Date July 12, 2007 December 31, 2022 Comment Grievances registered related to delivery of project benefits that are addressed Value 0.00 75.00 75.00 Date July 12, 2007 December 31, 2022 Comment Number of loans approved for (i) MSEs, (ii) community organizations and (iii) individuals (Component 1) Value 0.00 135.00 0.00 Date July 12, 2007 December 31, 2022 Comment Number of articles and broadcasts organized by the Recipient on the benefits of renewable energy and energy efficiency (Component 2) Value 0.00 51.00 0.00 Date July 12, 2007 December 31, 2022 Comment Number of showcases and community presentations organized by the Recipient on the benefits of renewable energy and energy efficiency (Component 2) Value 0.00 130.00 0.00 Date July 12, 2007 December 31, 2022 Comment