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Renewable Energy Acceleration Program

Abstract*

The proposed project is designed to facilitate Seychelles' transition to clean energy by creating an enabling environment conducive to the deployment of renewable resources. The project aims to help Seychelles meet its RE goals by financing urgently needed climate-resilient investments in grid stability and battery energy storage system (BESS) to allow for greater integration of VRE sources. Through a combination of technical assistance and the financing...

* 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 Program Development Objective (PrDO) is to scale up renewable energy and reduce carbon intensity in the Republic of Seychelles. The Project Development Objective (PDO) for Phase I is to improve resilient grid infrastructure to enable renewable energy integration and private sector investments in renewable energy.

Key Details

Project Details

  • P505856

  • Active

  • Aalok Pandey , Amit Jain

  • Public Utilities Corporation,The Republic of Seychelles

  • Seychelles

  • November 25, 2024

  • (as of board presentation)

    May 30, 2025

  • N/A

  • US$ 0.00 million

  • Ministry of Agriculture, Climate Change, and Environment,Public Utilities Corporation

  • Eastern and Southern Africa

  • 2025

  • US$ 20.50 million

  • N/A

  • Moderate

  • May 31, 2030

  • Yes

  • BANK APPROVED

  • June 24, 2025

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Green Climate Fund 12.50
International Bank for Reconstruction and Development 8.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 8.00
IDA Commitment N/A
IBRD + IDA Commitment 8.00
Lending Instrument
Grant Amount 12.50
Total Project Cost** N/A

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

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.