Hindrances to RE Business in Myanmar U Nyan Tun (REAM) 15/03/2017.

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Presentation transcript:

Hindrances to RE Business in Myanmar U Nyan Tun (REAM) 15/03/2017

RE Business Questions 1. What are the most important local/state assets for growing renewable energy? Is it political leadership, workforce strengths, business climate, research and development capacity, etc.? 2. What are the most important state/regional policy tools for renewable energy growth? Is it renewable portfolio standards, financial incentives for business attraction/expansion, feed-in-tariffs, utility procurement policies, etc.? 3. What are the top challenges to renewable energy growth? Is it a lack of investment capital, federal policy, state policy, underdeveloped supply chains, etc.? 4. What potential economic development programs would be most helpful to renewable energy growth? Is it a comprehensive strategy, workforce development, meetings with policymakers, meetings with venture capitalists, etc.?

RE Business Requirements 1.The most important state or local asset It is political leadership, according to both economic developers and firms. However, economic developers tend to overestimate the importance of non-policy-related assets, according to firms. 2.The most effective policy tools These are direct financial incentives, according to firms (especially related to startup costs or boosting demand), while economic developers prioritize renewable portfolio standards. 3. Investment for Economic developers These should also be up to speed on lesser known, demand-side renewable energy policies, such as feed-in-tariffs and utility procurement policies. 4.The leading challenge It is the policy and regulatory uncertainty, according to firms, while economic developers are most concerned with a lack of investment capital or financing.

Assets for RE Business Local or State Assets: Ease of permitting process State/local policies and incentives Political leadership Natural energy source (wind, solar, biomass, geothermal) Regulatory climate Business climate Workforce strengths (skills, training capacity, etc.) Education system Logistical assets/Access to transportation Research and development capacity Environmental hazard (i.e. wildlife, weather disruption) Manufacturing capacity Geographical proximity to markets

Tools for attraction in RE Business Financial incentives for attraction or expansion Financial incentives for renewable energy production Feed-in tariff Financial incentives for manufacturing Utility procurement policy Renewable portfolio standard Financial incentives for research and development Financial incentives for cogeneration Carbon pricing/trading

Challenges to RE Development Lack of investment capital or financing State policy State regulatory uncertainty Federal regulatory uncertainty Inaccurate perceptions of state RE capacity Federal policy State utility regulation Local policy Underdeveloped renewable energy supply chains Regulatory impediments Other, please specify Lack of instate research and development capacity Logistics or transportation Workforce needs Lack of renewable energy source Inadequate transmission grid

The End THANK YOU