Official Name: Renewable Energy and Energy Efficiency Support Fund
Type: Government Fund
Year Established: 2021
Legal Basis: Law No. 23 of 2021
Supervising Authority: Ministry of Energy, formerly the Ministry of Electricity
Overview
The Renewable Energy and Energy Efficiency Support Fund is a government mechanism established to support and promote renewable energy projects and improve energy efficiency in Syria.
The Fund was established under Law No. 23 of 2021 to provide support and financing mechanisms that help households, as well as agricultural, industrial, commercial, and service-sector facilities, implement renewable energy projects, including solar energy systems and other clean energy technologies.
Key Responsibilities
- Supporting projects that utilize renewable energy sources.
- Providing incentives and financing mechanisms for eligible projects.
- Supporting loans or interest costs associated with renewable energy financing.
- Promoting improvements in energy efficiency.
- Contributing to the reduction of energy waste and inefficient consumption.
- Supporting the transfer and localization of renewable energy technologies.
- Cooperating with the National Energy Research Center and other relevant technical bodies.
Sources of Funding
According to the legal framework, the Fund’s sources of financing may include:
- Allocations from the state budget.
- Fees and revenues designated for the Fund.
- Grants and donations accepted in accordance with applicable laws.