IRENA_Project_Navigator_intro_2014
- 1. Roland Roesch IRENA/IITC September 11, 2014 Praia, Cape Verde The IRENA Project Navigator
- 2. Content Outline 2 Background of the IRENA Project Navigator 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
- 3. 3 Background of the IRENA Project Navigator 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 Background of the IRENA Project Navigator
- 4. 4 Project NavigatorBackground TheChallengeofRenewableEnergyTechnology(RET)projects Failures to prove bankability to funding institutions Insufficient knowledge on project proposal development Higher project development costs High risk of project failure IRENAmembercountriescalledforasolutiontomakeprojectdevelopmenttransparent andexplicit IRENAisworkingon: Bestpracticesinprojectdevelopmenttools Facilitatingaccesstofinance Project NavigatorBackground
- 5. 5 Background of the IRENA Project Navigator 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?
- 6. 6 Objectives Improvement of RET project proposals High quality implementation of RET project proposals Adaptation to the projects specific conditions, aims and framework Efficient use of funds Scope:IRENAProject Navigatorincludes All RETs Different finance types: grants, loans, equity Project sizes: from individual use to utility scale projects Global: all geographical regions Whatis theIRENAProjectNavigator?
- 7. 7 ModularApproach What is the IRENA Project Navigator? Renewable Readiness Assessment Identify IRENA Roadmaps Screen Remap 2030 Global Atlas Local associations Assess Select Pre- Development Costing Alliance Development Costing Alliance IRENAs Report on standardisation in RE IRENA RE Country Briefs WWEA Local administrations Local associations
- 8. Projectdevelopmentincycles Cycle 1: Considerationofprojectalternativesandselectionofthebestidea Cycle 2: Clarificationofprojectenvironmentandbackground Cycle 3: Settingofalldevelopmentfactorsrequiredforimplementation 8Source: Adapted from: Accenture: Value Realization. October 04. 2013 <http://www.accenture.com/us-en/Pages/service-consulting-value-realization-summary.aspx> Whatis theIRENAProjectNavigator? Good selection Poor selection Good development Poor development Good development Poor development Cycle 1 Cycle 2 Cycle 3 AddedValue
- 9. 9 Background of the IRENA Project Navigator 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?
- 10. Who will benefit from the IRENA Project Navigator? 10 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
- 11. 11 Background of the IRENA Project Navigator 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
- 12. 12 ComponentsoftheIRENAProject Navigator The RET Project Development Communication and Coordination Platform Target: Financially Realised Projects 1 2 Written Project Development Guidelines 3 Interactive Project Development Guidelines 4 Interactive Financial Navigator
- 14. 14 ComponentsofIRENAProjectNavigator The RET Project Development Communication and Coordination Platform Target: Financially Realised Projects 1 2 Written Project Development Guidelines 3 Interactive Project Development Guidelines 4 Interactive Financial Navigator
- 16. Contentof theProjectDevelopment Guidelines 16 Socio-economic Technical Legal and Commercial Organizational Political Source: 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/
- 17. Contentof theProjectDevelopment Guidelines 17 Source: NREL Identify Screen Assess Select Pre- Development Development Identification checklists SWOT matrix, SCOPE, PRIMO-F, PESTEL planning models Self-scoring test, Critical Path method Ranking scheme, Selection Spreadsheet templates Stakeholders Impact matrix, TECOP model, Critical Success factors, Project profiles templates, viability checklist Analysis Overview
- 18. Contentof theProjectDevelopment Guidelines 18 Identify Screen Assess Select Pre- Development Development Macro environment Micro environment Pricing DCF MODEL Regulated Liberalized State Monopoly Contracts Partnering Legal aspects Technical and Logistical Factors WACC NPV LCOE Interest During Construction Energy Market Technology Concept Logistic Concept Construction Phases Inflation Rate GDP Sectorial Structure
- 19. 19 ComponentsofIRENAProjectNavigator The RET Project Development Communication and Coordination Platform Target: Financially Realised Projects 1 2 Written Project Development Guidelines 3 Interactive Project Development Guidelines 4 Interactive Financial Navigator
- 29. 29 InteractiveProjectDevelopment Guidelines Help features Detailed information Find examples and case studies Get templates
- 30. 30 ComponentsofIRENAProjectNavigator The RET Project Development Communication and Coordination Platform Target: Financially Realised Projects 1 2 Written Project Development Guidelines 3 Interactive Project Development Guidelines 4 Interactive Financial Navigator
- 32. 32 FinancialNavigator Financing Opportunities: Donors Loans Equity Financial Navigator Technology Region / Country Scale / Scope
- 35. Financial Navigator Objectives: Provide up to date information about the existing RE fund Inform RE project developers about the funds requirements and documents needed to be prepared Provide recommendation, tips and past case study examples Burdens: Collecting all the information Maintaining the information up to date 35
- 36. 36 Background of the IRENA Project Navigator 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
- 37. Next Steps: 2014/2015 37 Technical Concepts: 2014: Photovoltaic, Small hydro 2015: Geothermal, Biomass, Concentrated Solar Power, Micro-grid applications 7 Pilot studies in cooperation with member countries and with developers in member countries Regional Adaptation 2014: Adapted version for Small Island Development States (SIDS) and West Africa 2015: Other regional adaptation (LAC, MENA, Pacific regions) Constant and continuous improvement of the tool Source: NREL
- 38. 38 Background of the IRENA Project Navigator 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
- 39. 39 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=