We led the final evaluation of the Philippines Sustainable Energy Finance Program (PHILS SEF II), which was initiated to support the creation of a commercial financing market for sustainable energy projects in the Philippines.

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We brought extensive experience in EE and renewable energy project financing and implementation in Asia to this type of assignment. This is combined with our in-depth knowledge in the monitoring and evaluation of energy projects internationally. We will provide a systematic assessment of the performance of PHILS SEF II.

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The PHILS SEF was initiated to support the creation of a commercial financing market for sustainable energy projects in the Philippines. PHILS SEF II was targeted to directly support US$ 120 million in loans and US$ 200 million in total project investments, made possible by the partner banks. The overall goal of Phils SEF II is to increase access to local sources of financing for sustainable energy (SE) projects in order to stimulate private sector investments and reduce greenhouse gas emissions.

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This final evaluation will analyse the actual achievements which are reported to be much higher. We will provide a comprehensive and systematic assessment of the performance of PHILS SEF II to determine the extent of project accomplishment. We will also synthesize lessons that may help improve the selection, design, and implementation of future activities financed through the Global Environment Facility.