Brief Description:

The project aims to accelerate access to sustainable, affordable, energy achievement in Zimbabwe. The initial investment will be used to initialize energy transition strategy as part of the Country Programme Document climate, energy policy support, institutional and systems strengthening, and innovative financing for green economy. 

Most of the initial investment will be directed towards the pilot model projects CAPEX as Viability Gap Funding. This catalytic grant projects will become bankable and help mobilise private investment by UNDP TRAC 2 resources, this intervention would be sustained by blended finance unlocked by feasibility studies, project pipeline, private sector partnerships, GCF Investments, and potentially Foreign Direct Investments. 

The initial TRAC funding of US$1.5M, is expected to catalyse million towards this initiative in the next 2 to 3 years.