Consideration of funding proposals – Addendum VI Funding proposal package for FP033

The project seeks US$ 28.21 million in GCF grants to enable a shift toward a low-carbon economy in Mauritius. It is structured in two phases (2017-2024) across three components: institutional strengthening via the creation of the Mauritius Renewable Energy Agency (MARENA), upgrading the national grid to absorb up to 185 MW of intermittent renewable energy (including 25 MW of rooftop PV), and deploying solar PV mini-grids on Agalega. The project aims to reduce greenhouse gas emissions by 4.27 million tCO2e over the investment lifetimes, leveraging US$ 163.18 million in co-finance from the Government of Mauritius, the Central Electricity Board (CEB), and the Agence Française de Développement (AFD).

• The project requests a total of US$ 28.21 million in GCF grant resources, divided into Phase 1 (US$ 12 million from 2017-2019) and Phase 2 (US$ 16.21 million from 2020-2024).
• The project is expected to achieve a total of 4.27 million tCO2e in emission reductions over the lifetimes of the investments, with a GCF cost of US$ 6.6 per tCO2e.
• Component 1 focuses on the operationalisation of the Mauritius Renewable Energy Agency (MARENA) to coordinate renewable energy uptake and reduce transaction costs for Independent Power Producers (IPPs).
• Component 2 aims to increase the national grid's absorption capacity for intermittent renewable energy from 60 MW to 185 MW through the installation of Battery Energy Storage Systems (BESS), Automatic Generation Control (AGC), and smart grid technologies.
• As part of Component 2, the project will facilitate 25 MW of rooftop PV installations for households, NGOs, and public buildings, using GCF grants to cover approximately 27% of upfront costs.
• Component 3 will install 300 kW of PV panels and battery storage on the outer island of Agalega to replace diesel-powered mini-grids, targeting a reduction of diesel consumption by approximately 80%.
• The project will leverage US$ 163.18 million in co-finance, including concessional loans from the Agence Française de Développement (AFD) and grants from the Government of Mauritius and the Central Electricity Board (CEB).
• The project targets significant socio-economic co-benefits, including the creation of 2,000 green jobs and estimated foreign currency savings of US$ 550 million.
• Gender-specific targets include ensuring at least 30% of MARENA Board members and staff are women, and providing technical training for 100 female entrepreneurs in micro-enterprises.

APA

Green Climate Fund (2016). Consideration of funding proposals – Addendum VI Funding proposal package for FP033. https://www.greenclimate.fund/sites/default/files/document/gcf-b15-13-add06.pdf

Chicago

Green Climate Fund. Consideration of funding proposals – Addendum VI Funding proposal package for FP033. 2016. https://www.greenclimate.fund/sites/default/files/document/gcf-b15-13-add06.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Consideration of funding proposals – Addendum VI Funding proposal package for FP033 |date=24 November 2016 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b15-13-add06.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2016consideration, author = {{Green Climate Fund}}, title = {{Consideration of funding proposals – Addendum VI Funding proposal package for FP033}}, institution = {Green Climate Fund}, year = {2016}, month = nov, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b15-13-add06.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }