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2001

Renewable Energy Scale Up Program (CRESP) Phase 1

Chine

Titre : Renewable Energy Scale Up Program (CRESP) Phase 1

Pays : Chine

Approval Date : May 11, 2001

Focal Area : Climate Change

Executing Agency : Ministry of Finance
Implementing Agency : IBRD - The World Bank

Description
CRESP is a pilot for the World Bank-GEF Strategic Partnership for Renewables. It takes a programmatic approach to secure long-term structural change.
The main global benefits of the project are (a) the removal of multiple barriers to the introduction of cost-effective renewables in China ; (b) the reduction in cost and improvement in performance of small hydro, wind and selected biomass technologies ; and (c) an increased market penetration of renewables in China and consequent reduction in greenhouse gas emissions from power generation.
It is estimated that by 2010, the scale up will result in an incremental annual production of electricity from renewable sources of 38 TWh, equivalent to about 7.9 GW of installed capacity. The carbon savings of the project are estimated at 187 MtC.

Financement
GEF Grant : 41.570 US$m
Cofin Amount : 129.580 US$m
Project Cost : 171.150 US$m

GEF (Global Environment Facility)

Page publiée le 19 février 2004, mise à jour le 9 juillet 2019