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INTERNATIONAL RENEWABLE ENERGY AGENCY
Workshop on financing for renewable energy in SIDS,
Kuala Lumpur, 2./3. August 2015
Senior Programme Officer Roland Roesch
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Content Outline
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•What is the IRENA Project Navigator?
•Who will benefit from the Project Navigator?
• Components of IRENA Project Navigator
• Next Steps
• Outreach and interaction with IRENA Member Countries
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•What is the IRENA Project Navigator?
•Who will benefit from the Project Navigator?
• Components of IRENA Project Navigator
• Next Steps
• Outreach and interaction with IRENA Member Countries
What is the IRENA Project Navigator?
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The Challenge of Renewable Energy Technology (RET) projects:
• Failures to prove bankability to funding institutions
• Insufficient knowledge on project proposal development
• Higher project development costs
• High risk of project failure
Objectives of the Project Navigator:• Improvement of RET project proposals
• High quality implementation of RET project proposals
• Adaptation to the project’s specific conditions, aims and framework
• Efficient use of funds
Scope: IRENA Project Navigator includes• All RETs
• Different finance types: grants, loans, equity
• Project sizes: from individual use to utility scale projects
• Global: all geographical regions
What is the IRENA Project Navigator?
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Modular Approach
What is the IRENA Project Navigator?
Renewable Readiness
AssessmentIdentify
IRENA Roadmaps
Screen
Remap 2030
Global Atlas
Local associations
Assess SelectPre-
Development
Costing Alliance
Development
Costing Alliance
IRENA’s Report on standardisation
in RE
IRENA RE Country Briefs
WWEA
Local administrations
Local associations
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•What is the IRENA Project Navigator?
•Who will benefit from the Project Navigator?
• Components of IRENA Project Navigator
• Next Steps
• Outreach and interaction with IRENA Member Countries
Who will benefit from the Project Navigator?
Who will benefit from the IRENA Project Navigator?
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Sources:• Conserve-Energy-Future. July 5, 2013; http://conserve-energy-future.com/Images/SolarEnergy_Advantage.jpg• Ecodyfi. July 5, 2013; http://www.ecodyfi.org.uk/images/turbineandshareholders.jpg• Cloudfront. July 5, 2013; http://dqbasmyouzti2.cloudfront.net/content/images/articles/coins-310x224.png• OLX. December 4, 2013; http://peshawar.olx.com.pk/academic-learning-centre-iid-153763443
•Compliance with stakeholders requirements
•Higher quality of RET projects
•Lower implementation costs
•Understandable administrative processes
•Efficient administration
•Capacity building
Member Countries
•Best practices
• Identification of needs/gaps
•Easier and faster funding opportunities
•Higher quality of RET projects
Project Developers
•Capacity building
•Spread social awareness
•Decision-making and investment participation
Municipalities
•RET project planning guidance
• Input for curriculum development
•Capacity building
Academia
•Easier and faster project evaluation
• Identification of bankable projects
Financing Sector
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•What is the IRENA Project Navigator?
•Who will benefit from the Project Navigator?
• Components of IRENA Project Navigator
• Next Steps
• Outreach and interaction with IRENA Member Countries
Components of IRENA Project Navigator
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The RET Project Development Communication and Coordination Platform
Learning Section
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Project Workspace
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Financial Navigator
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13
Financial Navigator
Financing Opportunities:
Donors Loans Equity
Financial Navigator
Technology
Region / Country
Scale / Scope
Detail view of the funds (1)
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Detail view of the funds (2)
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Financial Navigator
• ACP-EU Energy Facility
• Climate Catalyst Fund
• Global Climate Partnership Fund
• Global Energy Efficiency & Renewable Energy Fund (GEEREF)
• Clean Technology Fund (CTF)
• Strategic Climate Fund (including Scaling Up Renewable Energy
Program (SREP))
• ORIO (Infrastructure development fund)
• ELENA
• Symbid
• Vietnam Green Credit Trust Fund
• EREF - Ecowas Renewable Energy Facility
• Nordic Climate Facility
• ADB Clean Energy Financing Partnership Facility (CEFPF)
• Green Africa Power (GAP)
• EEP Africa - Energy and Environment Partnership
• Central Asia Renewable Energy Fund
• Global Environment Facility
• Norfund
• NEFCO Carbon Fund (NeCF)
• Fair Climate Fund
• Sustainable Energy Fund for Africa (SEFA)
• AusAid
• Climate partnerships with the private sector
• EU-Africa Infrastructure Trust Fund
• ESMAP-The Energy Sector Management
Assistance Program
• African Renewable Energy Fund (AREF)
• Renewable Energy Asia Fund
• Green For Growth Fund
• European Energy Efficiency Fund
• Sustainable Energy and Climate Change
Initiative
Content of the Project Development Guidelines
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• Socio-economic
• Technical
• Legal and Commercial
• Organizational
• PoliticalSource:• Pelamis Wave Power: http://www.pelamiswave.com/news/news/127/Pelamis-selected-for-1.4m-ETI-wave-power-project• Siemens: http://www.renewableenergyworld.com/rea/images/siemens-expands-solar-thermal-portfolio-with-solel-acquisition/50392• Torresol Energy Investments: http://www.torresolenergy.com/TORRESOL/home/en• SolarDawn: http://solardawn.com.au/news/
Content of the Project Development Guidelines
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Source: NREL
Identify
Screen
Assess
Select
Pre-Development
Development
• Identification checklists
• SWOT matrix, SCOPE, PRIMO-F, PESTEL planning models
• Self-scoring test, Critical pathmethod
• Ranking scheme, Selectionspreadsheet templates
• Stakeholders Impact matrix,TECOP model, Critical Successfactors, Project profiles templates,viability checklist
• Analysis Overview (see next slide)
Contracts
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Your Business
Partnering (agreements)
Power Purchase
Agreement
(PPA)
Engineering, procurement
and construction
(EPC)contract
Operation and maintenance agreement
Land lease Contract
Loan agreement
Grid connection agreement
Supplying agreement
Donor contribution agreement
Definition
How does the Agreement work?
Benefits & Risks for the involved parties
Structure
Typical legal terms Why are they part of the Agreement? What is usually the content of each section?
Templates/ Example contracts
Sources: • Adapted from: Windustry. May 17, 2013. http://www.windustry.org/community-wind/toolbox/chapter-13-power-purchase-agreement>
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•What is the IRENA Project Navigator?
•Who will benefit from the Project Navigator?
• Components of IRENA Project Navigator
• Next Steps
• Outreach and interaction with IRENA Member Countries
Next Steps
Next Steps: 2015
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Technical Concepts:
August, 2015: Photovoltaic Technical Concept Mini hydro Mini-grid applications Geothermal Bioenergies
6 Pilot studies in cooperation with member countries and with developers in member countries
Regional Adaptation
2015: Adapted version for Small Island Development States (SIDS) and West Africa
Other regional adaptations (LAC, MENA, Pacific regions)
Constant and continuous improvement of the tool
Continued identifcation of partners to progress the tool
Source: NREL
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•What is the IRENA Project Navigator?
•Who will benefit from the Project Navigator?
• Components of IRENA Project Navigator
• Next Steps
• Outreach and interaction with IRENA Member CountriesOutreach and interaction with IRENA Member Countries
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Outreach and Interaction with IRENA member countries
Training workshops on how to use the IRENA Project Navigator
Gain feedback and thereby continuously improving IRENA Project Navigator
Regional adaptation in cooperation with member countries and finance institutions
Increase the number of interactive tools
Source: NREL http://images.nrel.gov/viewphoto.php?&albumId=207405&imageId=6326315&page=3&imagepos=38&sort=&sortorder=
http://images.nrel.gov/viewphoto.php?&albumId=207405&imageId=6326315&page=3&imagepos=38&sort=&sortorder=
www.irena.org
Thank You
www.irena.org/navigator
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Process Overview
Content of the Project Development Guidelines
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Identify
Screen
Assess
Select
Pre-Development
Development
Macro environment
Micro environment
Pricing
DCF MODEL
RegulatedLiberalizedState Monopoly
ContractsPartneringLegal aspects
Technical and Logistical Factors
WACCNPVLCOEInterest During Construction
Energy Market
Technology ConceptLogistic ConceptConstruction Phases
Inflation RateGDPSectorial Structure