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
Country
Ecuador
Implementing Agencies
United Nations Development Programme
Approval FY
Status
Completed
Region
Latin America and Caribbean
Executing Agencies
Department for Alternative Energy, Ministry of Energy and Mines
GEF Period
GEF - 2
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
27,576,469
GEF Project Grant
3,239,666
GEF Agency Fees
342,443

Timeline

Concept Approved
Project Approved for Implementation
Project Closed