GREENMAP AND RMI Collaborate to Support Governments of Developing Countries
Boulder, CO — September 23, 2020
We are honored to announce that the Global Renewable Energy Mass Adoption Program (GREENMAP) and Rocky Mountain Institute (RMI) have signed a collaboration agreement to advise governments and scale renewable energy markets in developing countries around the globe.
Joint work has already started, with a focus on opportunities in the Caribbean and sub-Saharan Africa that explore solutions for utility-scale and distributed renewable energy generation. Most countries in these regions, despite their particular characteristics and differences, have a great need for support in designing and implementing renewable energy programs that are innovative and effective, and expand access to clean, reliable and affordable energy for their people.
GREENMAP will assist governments in the design and implementation of technical, legal and financial instruments to enhance existing and/or planned renewable energy procurement programs. The program will especially work on credit-enhancement and de-risking tools to improve market attractiveness for local and global investors, foster competition and reduce the costs of generating renewable energy.
RMI will continue to support countries in the development of renewable and sustainable projects and portfolios. This work includes conducting project identification and development activities, feasibility studies, permitting, documentation due diligence and other tasks aimed at facilitating the financing and realization of such projects.
GREENMAP stands for Global Renewable Energy Mass Adoption Program. We are an impact-driven and independent non-profit organization created to accelerate deployment of renewable generation in developing economies. GREENMAP’s strategy is to support governments of developing countries design and implement stable regulatory frameworks and new financial schemes to develop their renewable energy sectors and boost the reduction of their GHG emissions. We focus on implementation. GREENMAP is currently funded by the Climate Breakthrough Project, an initiative of the David & Lucile Packard Foundation in partnership with Oak Foundation, Good Energies Foundation and IKEA Foundation.
About Rocky Mountain Institute
Rocky Mountain Institute (RMI)—an independent nonprofit founded in 1982—transforms global energy use to create a clean, prosperous, and secure low-carbon future. It engages businesses, communities, institutions, and entrepreneurs to accelerate the adoption of market-based solutions that cost-effectively shift from fossil fuels to efficiency and renewables. RMI has offices in Basalt and Boulder, Colorado; New York City; the San Francisco Bay Area; Washington, D.C.; and Beijing.