Clean Energy Finance
iiec name

Project Name

Kigali Cooling Efficiency Program (K-CEP)

Name of Client

ClimateWorks Foundation

Country

Palau and Cook Islands

Project Location within country

Nationwide

Source of Financing

ClimateWorks Foundation

Length of Consultancy Assignment

Start Date

1st March 2018

Completion Date

29th February 2020

Detailed Narrative Description of Project:
The project aims to provide technical assistance in the design and implementation of appropriate financing mechanisms to facilitate the market transformation to high-efficiency and climate-friendly inverter-type ACs in the commercial sector with a focus on the hotel sector in Palau and the Cook Islands. 

Detailed Description of Actual Service Provided by your Firm:

  1. Assessment of ACs in the current market and stakeholder consultation
  2. Development of financial mechanisms to accelerate market adoption and large-scale Implementation. The activities include EE financing capacity assessment, local partner engagement (financial institutions, utilities, and AC suppliers), design of pilot financial mechanisms, pilot testing of the financial mechanism, identification of possible sources of funds and development of the operational plan, and approval and operationalization of the financial mechanism.
  3. Technical and Financial Evaluation of the Pilot Phase. The activities include measurement & verification and technical and financial impact evaluation.
  4. Coordination with the Pacific Appliance Labelling and Standards (PALS) Programme to Promote MEPS and Labeling for ACs. The activities include information sharing and capacity building