Workshop on financing for renewable energy in SIDS December 2016

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Presentation transcript:

Workshop on financing for renewable energy in SIDS December 2016 New Zealand Aid Programme Expanding access to affordable, reliable and clean energy Workshop on financing for renewable energy in SIDS December 2016

New Zealand Aid funding by region 20% Multilateral   59% Pacific 3% Africa 1% 17% Asia Latin America & Caribbean

NZ Aid Programme Strategy Expand access to reliable, affordable and clean energy Invest in renewable energy generation and infrastructure, including private sector involvement Improve energy sector planning, asset management and technical assistance

Since 2013 NZ has committed >$100m to support 25 projects in 8 countries. 14 projects completed in: Cook Islands Samoa Tuvalu Solomon Islands Further projects in: . Kiribati Papua New Guinea Tonga Vanuatu

Tuvalu and Cook Islands PV hybrid mini-grid systems with battery storage on 4 Outer Islands 170kW rooftop PV Technical assistance and capacity building Cook Islands 960kWp grid-connected solar array at the airport on Rarotonga. Eight PV hybrid mini-grid systems with battery storage on 6 Outer Islands

Samoa and Tonga Samoa 2.2MW on Racecourse. 240kWp rooftop on Sports Complex. 150kWp grid-connected array on Savaii Support ADB-led hydro projects EPC least cost generation plan Tonga Tonga Village Network Upgrade Project Phase 2 & 3 Wind feasibility study Other projects: Solomon Islands, Kiribati, Vanuatu, PNG.

Pacific Energy Conference Outcomes New Zealand and the European Union hosted the Pacific Energy Conference, 7th June 2016. Donors committed over $1 billion by 2024 for sustainable energy projects in the Pacific Pacific Energy Conference ambitions include support for: - Polynesia to achieve >50% renewable energy by 2024; - Melanesia provide access to electricity to approx 1 million people; - Micronesia to double renewable energy generation.

Pacific Energy Conference Themes Conference themes recognised the benefits of increasing focus on climate finance, sustainable transport and sustainable agriculture A ‘Blue Book’ or Pacific Energy Country Profiles book was published to provide a snapshot of each countries progress since the 2013 Pacific Energy Summit and proposed projects for private sector /donor investment.

New Zealand Commitment New Zealand has committed $100 million to energy projects in 10 Pacific countries, 2016-2024. Melanesia: Increase access to electricity Polynesia: Encourage private sector investment, technical assistance, regulatory amendments Micronesia: Increase renewable energy generation Partnerships: Focus on existing and new opportunities.