PREO IMPACTS
Over the past four years, PREO has awarded 34 catalytic grants to private sector and non-profit enterprises across 11 African countries, demonstrating the business and impact cases of using renewable energy across multiple sectors.
PREO impacts (2019-2023)
Co-financed over
€15M/£13M
productive use of
renewable energy
projects
Created
over 250 full-time
and over
200 part-time
jobs
Enabled over
€26M/£24M in public
and private capital
to be secured
Annually:
approx 600,000+ L diesel
and 110,000+ L petrol
avoided
= 1,900+ tonnes
of CO2 avoided
FUNDERS
Transforming Energy Access (TEA) is the flagship FCDO research and innovation paltform supporting early-stage testing and scale-up of innovative technologies and business models that accelerate access to affordable, clean energy for poor households, enterprises, and social institutions in developing countries across sub-Saharan Africa, South Asia, and the Indo-Pacific. This includes support to innovations across the three Ayrton Fund themes of clean supply, super-efficient demand and smart delivery, as well as integration of solutions across the three. In late 2021, a £126m scale-up of the platform was announced at COP26, further advancing TEA into a major delivery platform for the Ayrton Fund focused on delivering innovations enabling a Just Transition for the 733 million people who still lack access to electricity and the 2.4 billion people who cook using fuels detrimental to their health and the environment.
For more information visit tea.carbontrust.com
The IKEA Foundation works with strong strategic partners applying innovative approaches to achieve large-scale results. We are committed to helping families living in poverty afford a better everyday life while protecting the planet. We support programmes that promote new and unprecedented collaboration between businesses, civil society, governments and the many people.
The IKEA Foundation is co-funding the PREO Programme.
DELIVERY PARTNERS
Founded in 2001, the Carbon Trust’s mission is to accelerate the delivery of a sustainable, low carbon economy by helping businesses, governments and organisations across the globe to reduce carbon emissions and increase resource efficiency.
Energy 4 Impact works with local businesses to extend access to energy in Africa, impacting the quality of life for millions of people. Growing sustainable clean energy markets improves livelihoods and accelerates economic growth.