2nd Danish Cooperation Fund for Renewable Energy and Energy Efficiency in Rural Areas
What is the fund?
The 2nd Danish Cooperation Fund for Renewable Energy and Energy Efficiency in Rural Areas was established in October 2006, aimed at increasing the use of renewable energy in ADB’s developing member countries (DMCs).
What are the priorities?
The priorities of the fund are to:
- reduce poverty and improve living conditions for communities in areas underserved by national power grids and other forms of modern energy
- Promote greenhouse gas abatement
What kind of activities will be financed from the fund?
The fund will support the increased use of renewable energy and expand access to adequate, affordable, and sustainable clean energy services in support of poverty reduction.
Who is eligible to receive the grant?
Eligible countries are DMCs with annual per capita GNP of less than $2,500. The fund will continue to support the REACH program by financing technical assistance operations for project preparation, advisory services and training, institutional support, and other activities that may be agreed upon between Denmark and ADB.
Who supports the fund?
Denmark supports the fund.