Renewable Energy for Electricity Generation-Renewable Electrification of the Galapagos Islands
Project Summary
The project aims at reducing Ecuador’s energy-related CO2 emissions by introducing PV and wind energy as a substitute for fossil fuel (mainly diesel) utilised in electricity generation, specifically for the Galapagos Archipelago. In addition, the project will substantially decrease the volume of diesel annually shipped to the island, thereby reducing the environmental threat of an oil spill that can cause great damage to the biodiversity found in and around the coastal ecosystem of the islands. The activities proposed in the project are designed to remove barriers to the development and utilisation of renewable energy for electricity generation, initially in Galapagos but eventually in the nation as a whole. The project will develop local capacity to identify technical and financing options and to formulate the regulatory, institutional and financial instruments necessary to demonstrate the technical, economic, and financial viability of establishing joint ventures to generate electricity utilising renewable energy to supply mini-grids or feed into large grids.
Project Details
| GEF Project ID | 1135 |
| Project Type | Full-size Project |
| Status | Completed |
| Country | Ecuador |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | United Nations Development Programme |
| Executing Agencies | Department for Alternative Energy, Ministry of Energy and Mines |
| GEF Period: | GEF - 2 |
| Approval Fiscal Year: | 2002 |
Financials
| Project Preparation Grant Amount | 843,434 USD |
| GEF Project Grant | 3,239,666 USD |
| Co-financing Total | 27,576,469 USD |
| GEF Agency Fees | 342,443 USD |
| Total Cost | 31,659,569.00 USD |
