Funding offered for renewable energy projects in developing countries. January 2018

Transcription

1 Funding offered for renewable energy projects in developing countries January 2018

2 CONTENT 1. What is the Facility? 2. Access funding and eligibility 3. Funding offer 4. Selection process 5. How to apply 6. IRENA tools 7. Final points

3 1. What is the Facility? Collaboration between IRENA and the Abu Dhabi Fund for Development. USD 350 million in concessional loans from ADFD over seven annual funding cycles to promising renewable energy projects in developing countries recommended by IRENA.

4 2. Access funding The call for proposals for the sixth cycle opened on 16 November 2017 with a deadline of 15th February Eligibility Members of IRENA, Signatories or States in Accession and developing countries on the OECD DAC List of ODA Recipients. Preference is given to IRENA members in the process. Eligible country list accessed on website. Renewable energy as defined in the Statute of IRENA and tried and tested technologies: all forms of energy produced from renewable sources in a sustainable manner which include inter alia bioenergy, geothermal energy, hydropower, ocean energy, solar energy, and/or wind energy. Projects must be able to provide the following in the selection process: Government Guarantee for the ADFD loan Technical, economic and financial feasibility study Positive development impacts

5 3. Funding offer USD 50 million available in each cycle. USD 5-15 million ADFD loans for each project, covering up to 50% of the project costs. Remainder must be cofinanced. 1-2% loan rates. 20 years loan period including 5 years grace period. Loan rates that apply to your country are on eligible country list online. 3.6 MW solar mini-grid project in Burkina Faso receiving USD 10 million selected in the third cycle. So far, over five annual funding cycles USD 630 million mobilized including: USD 214 million ADFD loans allocated USD 420 million Co-funding attracted USD millions

6 4. Selection process Panel of Experts Technically evaluate and score projects Expert considerations and scoring system all available online. Advisory Committee Strategic considerations of geographic spread, technology diversity and national priorities of country where project is taking place. ADFD Final selection from recommended list from Committee. ADFD requires a government guarantee letter (templates available online), full feasibility study (requirements for this are available online) and positive development impacts.

7 4. Selection process First phase Second phase ~85 ~35 ~25 ~20 ~12 ~6 16 Nov Feb 2018 Applicants submit executive project summaries online May 2018 Jun 2018 Shortlisted projects called to submit a full proposal online including a full feasibility study and government guarantee letter End Dec 2018

8 First phase of process Phase 1 Evaluation by experts (weighting 100%) Technical merit (40%) Economic/ financial viability (30%) Socio-economic & environmental impacts (30%) Executive Project Summary applicants submit mid- Nov 2017 to mid-feb Objectives -Design -Management -Project cost -Revenue sources -Business plan -Social, economic and environmental benefits -Stakeholder engagement

9 Overall project characteristic considerations by experts at both phases -Transformative -Replicable/ Scalable -Improve energy access -Address energy security Advisory Committee selection and recommendation at both phases -Geographic spread -Diversity of technologies -Alignment with government priorities

10 Second phase of process Phase 2 Evaluation by experts (weighting 100%) Full Project Proposal including full feasibility study + Government guarantee letter shortlisted applicants submit early May to end June 2018 Technical merit (40%) -Detailed project design and output -Resource assessment -Implementation plan and operational arrangements -Technical risk mitigation measures -Organisational and management capabilities -Monitoring and evaluation Economic/ financial viability (30%) -Full economic/financial feasibility study -Co-finance agreements -Economic/ financial risks and mitigation options Socio-economic & environmental impacts (30%) -Stakeholder engagement -Accessibility -Affordability -Job creation -Energy security -Environmental / health -Other/ gender/ transformation/ replicability/ scalability/ innovation -Risk mitigation

11 5. How to apply - online

12 Dashboard

13 Online application form

14 Online application form

15 Online application form

16 Online application form

17 Online application form

18 Online application form

19 6. IRENA Tools

20 6. IRENA Tools Success stories Country profiles Project concept Site characterization Deployment Assistance to financial closure and debt facility Investor ready Project pipelines Corridors, RE Roadmaps, Readiness Assessments Feasibility Prefeasibility Bankable project development guidelines Evaluate, technical assistance

21 Final points 1. All information available at and after you register and login. 2. Need all stakeholders to disseminate the details of this funding offer to the right ministries, utilities, renewable energy organisations, rural electrification agencies and /or other government institutions. (A Note Verbale from IRENA and ADFD available in Helpful Resources online may assist you in communicating to your respective authority on international borrowing affairs on the Facility.)

22 Contact us at All details including Helpful Resources at