Development for Renewable Energy Applications Mainstreaming and Market Sustainability (DREAMS)
Project Summary
To promote and facilitate the commercialization of the renewable energy (RE) markets through the removal of barriers to increase investments in RE based power generation projects
Project Details
| GEF Project ID | 5363 |
| Project Type | Full-size Project |
| Status | Project Approved |
| Country | Philippines |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | United Nations Development Programme |
| Executing Agencies | Department of Energy |
| GEF Period: | GEF - 5 |
| Approval Fiscal Year: | 2014 |
Financials
| Project Preparation Grant Amount | 100,000 USD |
| GEF Project Grant | 5,200,000 USD |
| Co-financing Total | 38,302,222 USD |
| GEF Agency Fees | 494,000 USD |
| Total Cost | 43,602,222.00 USD |
Project Timeline
Received by GEF
01 Apr 2013
Preparation Grant Approved
12 Sep 2013
Concept Approved
01 Nov 2013
Project Approved for Implementation
09 Feb 2016
Project closed