Hydropower Sustainability Fund Open for Applications Until May 2021

banner coal in energy transition

  • A sustainability fund to help hydropower developers and operators assess their environmental, social and government (ESG) performance is now open to more than forty countries in Africa, Asia, Europe and the Americas. 
  • The Hydropower Sustainability ESG Assessment Fund will award a total of 1 million Swiss Francs ($1.02 million) to 40 or more hydropower projects over four years.

The initiative is managed by the International Hydropower Association’s (IHA) non-profit sustainability division and funded by the Swiss government’s State Secretariat for Economic Affairs (SECO).

Recipients will receive a grant to part sponsor the cost of commissioning an independent project assessment using the Hydropower Sustainability ESG Gap Analysis Tool (HESG), one of the internationally recognised Hydropower Sustainability Tools.

Joao Costa, Head of Sustainability at IHA, said: “This fund aims to increase the number of sustainability assessments globally and advance the development of climate-friendly sustainable hydropower.”

The grant will co-finance independent assessors, who are accredited by IHA and a multi-stakeholder governance council, to carry out an assessment using the HESG. The assessment involves a site visual inspection and interviews with stakeholders and concludes with an official report and a gap management plan.

Following the first call for proposals in 2020, the fund part sponsored six assessments, including the Stortemelk project in South Africa. The 4.3MW run-of-river plant developed by Stortemelk Hydro, a subsidiary of Renewable Energy Holdings (REH), achieved global good practice across 10 environmental, social and governance (ESG) performance criteria in the independent assessment.

Projects under preparation and development, as well as those already in operation, are all eligible for the grant. Applicants will need to demonstrate a strong track record or commitment to sustainability and show that their project aligns with national or regional development policies.

Hydropower project developers and operators can apply before May 2021 deadline.

The second call for proposals is now open and a sum of CHF 350,000 ($392 896) will be awarded to 14 projects from the following countries: Afghanistan, Albania, Armenia, Azerbaijan, Bolivia, Bosnia-Herzegovina, Cambodia, Colombia, Democratic Republic of Congo, Egypt, Ethiopia, Georgia, Ghana, Haiti, Honduras, Indonesia, Kenya, Kosovo, Kyrgyz Republic, Lao People’s Democratic Republic, Malawi, Mali, Moldova, Mongolia, Morocco, Mozambique, Myanmar, Nepal, Nicaragua, North Macedonia, Pakistan, Peru, Rwanda, Serbia, South Africa, Tajikistan, Tanzania, Tunisia, Ukraine, Uzbekistan, Vietnam, Zambia and Zimbabwe.

Download the Call for Proposals application form HERE

Author: Babalwa Bungane

Babalwa Bungane is a content creator/editor for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for five years. She has a great interest in social media due to its advantage of disseminating content.

 

This article was originally published on ESI Africa and is republished with permission with minor editorial changes.

Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Receive the week’s most popular stories in your inbox every Saturday morning