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The RENDEV project receives the European Union '2009 Sustainable Energy Award'

Date: 
24/03/2009

The RENDEV project, in which IT Power act as one of the key partners was rewarded the '2009 Sustainable Energy Award' in the "cooperation programme" category. RENDEV focuses on microfinance and renewable energy in Bangladesh and Indonesia. IT Power analysed the policy frameworks in both countries and also brings the technical expertise on solar energy and the development of training manuals. PlaNet Finance is the project coordinator and adds the expertise on micro-finance into the project team.

The project was selected as part of the European Union 2005-2008 Renewable Energies for Europe campaign to raise decision makers' awareness and promote access to sustainable energy. The RENDEV project was picked among 250 projects in a competition rewarding local and European partnerships which had significantly contributed to the campaign goals.


RENDEV Project team in Gazipur, north of Dhaka, Bangladesh (May 2007)

The RENDEV project has been running since January 2007. This project focuses on Bangladesh and Indonesia and promotes suitable microfinance models which in turn encourage rural populations to use renewable energy. According to Jacques Attali, PlaNet Finance’s Chairman, the jury selected a project that could be perfectly adapted to other countries. More than ever, with the deep crisis the world is going through, microfinance is an essential tool for the poorest populations. In 2009, 160 actions supporting the use of renewable energies targeting 10,000 microfinance clients will be carried out in both countries and training will be provided to the main stakeholders: decision making bodies, solar panel installers and microfinance institutions.


Solar House system in Indonesia, (January 2006)

RENDEV is ran by PlaNet Finance, IT Power and Transenergie in close cooperation with local partners Grameen Shakti, PSL and RahimaFrooz in Bangladesh and Optima Power Indonesia, Bina Swadaya and YBUL in Indonesia.

More info is available through the project’s website, www.rendev.org