**Bezos-Backed Coalition Plans to Invest $7.5 Billion in Renewable Energy Projects**

*By Dwaipayan Roy | Sep 22, 2025*

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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 bold plan comes as the alliance seeks new philanthropic partners amid declining government aid from wealthier nations.

Launched during global climate talks in 2021, the GEAPP has assisted more than 30 countries in improving their electricity grids, establishing battery storage systems, and creating jobs in the green economy.

### Innovative Funding Approach

GEAPP employs a unique funding strategy that leverages free or low-cost capital from charitable and governmental sources to reduce investment risks. This approach aims to attract investments from multilateral development banks and private sector lenders. However, securing such investments has become increasingly challenging following the shift away from development aid and climate finance by the previous U.S. administration.

### Expanding Partnerships for a Greener Future

Founded by the IKEA Foundation, The Rockefeller Foundation, and the Bezos Earth Fund, GEAPP has expanded its network to include new partners such as the UK, Denmark, the World Bank, and private sector companies like GE Vernova. As world leaders convene at the UN General Assembly in New York this week, GEAPP CEO Woochong Um emphasized the alliance’s ongoing efforts to attract additional partners to support its mission.

### Plans for Scaled Development Models

Looking ahead to the upcoming global climate conference in Brazil this November, Um highlighted the urgent need for innovative models to enable large-scale sustainable development. He also announced plans for an “Energy and Opportunity Coalition” designed to integrate green energy solutions across sectors like agriculture and health.

The International Energy Agency has underscored the necessity of increasing clean energy investments in developing countries outside China by sixfold—to $1.6 trillion—by the early 2030s to meet global climate targets.

### Future Grids and Digital Mapping Initiatives

GEAPP aims to expand its “Grids of the Future” initiative, ensuring that power systems in emerging economies 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, GEAPP is developing a live digital map of 6.5 million utility assets, enabling early detection of potential issues before they result in outages.

### Ambitious Impact Goals for 2026-2030

During its initial five-year plan, GEAPP mobilized $7.8 billion in financing—enabling improved energy access for nearly 240 million people and cutting carbon emissions by 952 million metric tons.

For the 2026-2030 period, Um stated that the alliance aims to raise at least $500 million in philanthropic capital, which it plans to leverage roughly 15 times to unlock the $7.5 billion investment target for renewable energy projects in developing nations.

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GEAPP’s continued efforts represent a critical step toward advancing clean energy and sustainable development worldwide, especially in the most vulnerable regions.
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