The United Nations Development Program, along with the Ministry of Energy & Water and the European Union, launched the CEDRO IV project in November 2014 to increase energy efficiency and promote the use of renewable energy in Lebanon. The project aims to support Lebanon achieve its target of having up to 12% of its energy consumption come from renewable energy by 2020. Also, it intends to enhance the drive towards a green economy, mainly through engaging the private sector.
The CEDRO IV project would be implemented between 2014 and 2016, and is mainly financed by a €3m grant from the EU, in addition to further funding and in-kind contributions from the private and public sectors. The first part of the project consists of installing seven solar energy sites across Lebanon, with each site generating between 100 kilowatts and 300 kilowatts of electricity for commercial and industrial sectors. The second segment of the project aims to set up a mechanism in the South and the North to shred and compress forestry residues in order to create wood logs for heating purposes, mainly for rural homes. Finally, the third part intends to transform the town of Kabriha in the South into a green village.
The CEDRO IV project builds on the previous three phases of CEDRO, where more than 100 renewable energy projects were implemented across Lebanon between 2007 and 2013. The CEDRO I. H, and III projects were funded by a grant from the Spanish government and or the Spanish Agency for International Cooperation and Development through the Lebanon Recovery Fund. Also, all three phases were implemented in partnership with the Ministry of Energy & Water, the Lebanese Center for Energy Conservation, and in coordination with the Ministry of Finance and the Council for Development and Reconstruction.
Lebanon This Week – Byblos Bank