Delivering renewables
To meet climate goals, the energy sector needs to rapidly shift from being fossil-based to zero-carbon. While the global capacity to generate renewable energy has rapidly expanded – by 84 percent from 2014 to 2022 alone – integrating these variable sources of energy into existing energy systems can be a costly and technically challenging process.
The REI Program helps emerging economies solve system-wide barriers preventing the integration of intermittent renewable energy into national grids. Through highly concessional funding, REI enables countries to build the efficient and effective energy systems needed to enable the large-scale deployment of solar and wind power.
The program fills a critical gap in the energy transition by funding power grid improvements, storage technologies, and other infrastructure and policy updates that can deliver clean power where and when it is needed.