The Clean Energy Investment Accelerator increases access to clean energy investment by focusing on purchases, pipelines and policies that help companies meet their clean energy targets.
P4G has invested US $1,299,771 in this partnership.
With P4G support in 2018, CEIA led Colombia’s first aggregated on-site solar procurement process for industrial users. The effort brought together seven industrial companies with demand for up to 10 MW of solar power and demonstrated more than 20% cost savings through the aggregated approach.
In Vietnam, CEIA supported a new rooftop solar installation for a major industrial park and facilitated a direct power purchase agreement for between 400 to 1,000 MW of wind and solar.
CEIA collaborated with Indonesia’s state electricity company PLN and P4G host and organizational partner World Resources Institute to launch a Renewable Energy Certificate (REC) Service Product. This is the country’s first nationally recognized REC and a major milestone for renewable energy development in the country.
P4G has been vital to scaling the Clean Energy Investment Accelerator (CEIA) program, enabling us to pilot new clean energy business models in Colombia, Vietnam, and Indonesia that have helped companies in emerging market economies access renewable energy resources, scale investment, and share learnings for further replication.