Sustainable Energy Finance program Project Dates: January 2012 - December 2018
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PROJECT OBJECTIVE

IFC Philippines’ Sustainable Energy Finance program has helped client banks identify and develop nearly 300 energy projects in their pipeline, 87 of which were financed by the banks. These loans saved nearly 100,000 megawatt hours of electricity per year and generated renewable energy of 843,613 megawatt hours per year. The program, supported by the Global Environment Facility and the Clean Technology Fund, is implemented in partnership with Bank of the Philippine Islands, BDO Unibank Inc., China Banking Corp., and BPI Globe BanKO Inc.

PROJECT DESCRIPTION

The groundbreaking Sustainable Energy Finance (SEF) Program is the first of its kind in the Philippines and is paving the way for more private financial sector investment in sustainable energy projects. These projects are reducing greenhouse emissions, improving energy security and boosting economic development in the Philippines. The SEF is an advisory programme being implemented by the International Finance Corporation in different regions around the world.


SECTORS OR AREAS OF WORK
  1. Coal
  2. Climate finance


Region/Location

BUDGET

USD 1,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. WB - The World Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None
BUDGET

USD 1,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. WB - The World Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None