Global Renewable Independent Power Supplier

The Global Renewable Independent Power Supplier (Grips) is a proposed renewable energy service company designed to replace carbon-intensive diesel generators for industrial anchor clients in remote areas of developing countries. By utilizing an all-equity financing model and a diversified portfolio of hybrid energy plants, Grips aims to attract private-sector investment and offer shorter-term power purchase agreements (PPAs) that align with industrial planning horizons. The instrument targets a global off-grid diesel market estimated at 29 GW and seeks an initial USD 5 million for corporate governance and pilot project identification, with further requirements of USD 20-60 million for the first pilot location. Successful implementation is projected to avoid up to 2.5 million tonnes of CO2 per year through 2030.

• Grips targets a global market of industrial off-grid diesel systems with an estimated installed capacity of approximately 29 GW.
• The instrument utilizes an all-equity financing model to avoid conflicts between debt and equity providers and to allow for revolving power purchase agreements (PPAs) with durations as short as five years.
• The initial phase of establishing corporate governance and identifying pilot projects requires approximately USD 5 million, while the first pilot location will need between USD 20 million and USD 60 million.
• Successful implementation of the Grips model is estimated to prevent up to 2.5 million tonnes of CO2 emissions annually through 2030.

APA

Climate Policy Initiative (n.d.). Global Renewable Independent Power Supplier. https://www.climatepolicyinitiative.org/wp-content/uploads/2020/07/Global-Renewable-Independent-Power-Supplier-GRIPS_Instrument-Overview.pdf

Chicago

Climate Policy Initiative. Global Renewable Independent Power Supplier. n.d. https://www.climatepolicyinitiative.org/wp-content/uploads/2020/07/Global-Renewable-Independent-Power-Supplier-GRIPS_Instrument-Overview.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Global Renewable Independent Power Supplier |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2020/07/Global-Renewable-Independent-Power-Supplier-GRIPS_Instrument-Overview.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiativendglobal, author = {{Climate Policy Initiative}}, title = {{Global Renewable Independent Power Supplier}}, institution = {Climate Policy Initiative}, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2020/07/Global-Renewable-Independent-Power-Supplier-GRIPS_Instrument-Overview.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }