**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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### The Story
The Global Energy Alliance for People and Planet (GEAPP), a coalition focused on promoting renewable energy in developing countries, is planning to invest approximately $7.5 billion over the next five years. This ambitious initiative comes as the alliance seeks new philanthropic partners amid declining government aid from wealthier nations.
Launched during the 2021 global climate talks, GEAPP has already supported over 30 countries in improving their electricity grids, establishing battery storage systems, and creating jobs in the green economy.
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### Funding Approach
GEAPP employs a unique funding strategy by using free or low-cost capital from charitable and governmental sources to reduce investment risks. This approach aims to attract additional funding from multilateral development banks and private sector lenders.
However, securing such investments has become increasingly challenging following the shift in US policy during the Donald Trump administration, which deprioritized development aid and climate finance.
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### Expansion Efforts
Founded by the IKEA Foundation, The Rockefeller Foundation, and the Bezos Earth Fund, the coalition has expanded its partnerships to include nations like the UK and Denmark, as well as organizations such as the World Bank and private firms like GE Vernova.
As world leaders gather in New York for the UN General Assembly, GEAPP CEO Woochong Um emphasized the alliance’s ongoing search for new partners to bolster its efforts.
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### Coalition Plans for the Future
Looking ahead to the upcoming global climate conference in Brazil this November, Um highlighted the need for innovative models to deliver development at scale.
He also unveiled plans for an “Energy and Opportunity Coalition,” which aims to integrate green energy solutions into sectors such as agriculture and healthcare.
The International Energy Agency has warned that clean energy investment in developing countries (excluding China) needs to increase sixfold to $1.6 trillion by the early 2030s to meet global climate targets.
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### Future Strategies: Grids of the Future and Digital Mapping
GEAPP plans to advance initiatives like “Grids of the Future” to ensure power systems in emerging economies are ready for renewable integration, digitally intelligent, and financially sustainable.
Already, the alliance has launched battery storage projects in over 20 countries, including India’s first utility-scale standalone system. In Jaipur, India, GEAPP is developing a live digital map of 6.5 million utility assets designed to detect potential issues before they cause outages.
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### Impact Assessment and Ambitious Goals
In its initial five-year plan, GEAPP mobilized $7.8 billion in financing, which has improved energy access for nearly 240 million people and reduced carbon emissions by 952 million metric tons.
For the 2026-2030 period, CEO Woochong Um aims to raise at least $500 million in philanthropic capital and leverage it approximately 15 times to unlock the targeted $7.5 billion for renewable energy projects across developing nations.
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GEAPP’s continued efforts are set to play a critical role in accelerating the global transition to clean energy, especially in regions where investment and infrastructure remain limited.
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