**Bezos-backed Coalition Plans to Invest $7.5 Billion in Renewable Energy Projects**
*By Dwaipayan Roy | Sep 22, 2025, 07:11 PM*
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**Overview**
The Global Energy Alliance for People and Planet (GEAPP), a coalition focused on advancing renewable energy in developing countries, is set to invest approximately $7.5 billion over the next five years. This ambitious plan comes as the alliance seeks new philanthropic partners amid a decline in government aid from wealthier nations.
Launched during the 2021 global climate talks, GEAPP has already supported more than 30 countries in upgrading their electricity grids, establishing battery storage systems, and creating green economy jobs.
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**Innovative Funding Approach**
GEAPP employs a unique funding model by leveraging free or low-cost capital from charitable and governmental sources to reduce investment risks. This strategy encourages investments from multilateral development banks and private sector lenders.
However, the coalition faces challenges as climate finance and development aid have waned, particularly following the Donald Trump administration’s reduced focus on these areas.
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**Expanding Global Partnerships**
Initially founded by the IKEA Foundation, The Rockefeller Foundation, and the Bezos Earth Fund, GEAPP has grown its network to include countries like the UK and Denmark, global institutions such as the World Bank, and private sector firms including GE Vernova.
As world leaders convene in New York this week for the UN General Assembly, GEAPP CEO Woochong Um emphasized the alliance’s ongoing efforts to secure new partnerships to further its mission.
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**Looking Ahead: New Models for Scaled Development**
With the next global climate conference approaching in Brazil this November, Um highlighted the urgent need for innovative models to deliver large-scale development impact.
He also unveiled plans for the “Energy and Opportunity Coalition,” an initiative aiming to integrate green energy solutions into critical sectors like agriculture and healthcare.
The International Energy Agency (IEA) warns that clean energy investments in developing countries—excluding China—must increase sixfold to $1.6 trillion by the early 2030s to meet global climate goals.
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**Future Strategies: Grids of the Future and Digital Innovations**
GEAPP intends to expand its “Grids of the Future” initiative, focusing on creating power systems in emerging economies that are renewable-ready, digitally intelligent, and financially sustainable.
The alliance has already launched battery storage projects in over 20 countries, including India’s first utility-scale standalone battery system.
In Jaipur, India, GEAPP is developing a live digital map of 6.5 million utility assets to proactively detect issues before they cause power outages.
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**Impact and Ambitions for 2026-2030**
During its first five years, GEAPP mobilized $7.8 billion in financing, improving energy access for nearly 240 million people and reducing carbon emissions by 952 million metric tons.
Looking forward to 2026-2030, Um stated the coalition aims to raise at least $500 million in philanthropic capital and leverage it approximately 15 times, unlocking the targeted $7.5 billion investment needed for renewable energy projects across developing nations.
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The GEAPP’s vision and strategic collaborations signal a robust commitment to accelerating renewable energy and addressing climate challenges on a global scale.
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