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SIDS Lighthouses Initiative
Enabling Strategic Partnerships For Sustainable Energy Transformation
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SIDS Lighthouses Initiative
Energy Transformation – Needs the Right Partners Case Study: Antigua and Barbuda’s Partnerships to achieve 50MW of renewable electricity by 2030 Utility, private sector and civil society: 10MW solar PV projects, battery storage facility, 4MW wind and solar project, solar systems for community organizations Public and concessional finance: Renewable Energy Fund, grants (EU, US), concessional loans (IRENA ADFD, Sustainable Island Resource Framework Fund) Policy and regulatory reform: Renewable Energy Act 2015, continuing guidance for additional regulatory frameworks (IRENA RRA, Norway, GIZ) Human resource capacity: Technical, operational (IRENA grid stability, Norway, private sector), workforce engagement (CTCN)
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SIDS Lighthouses Initiative
Paris Agreement – Needs Partnerships to Avoid Gap between Targets and Real Actions Magnitude of investments and potential sources of financing need to be identified Impact of investment costs on public debt sustainability can be alleviated through higher private participation (companies, individuals, civil society) Private participation will require clear legal and regulatory frameworks and a new approach for utilities to do business The size and scalability of projects requires rethinking of current financing approaches to avoid a funding gap
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SIDS Lighthouses Initiative
Sustainable Energy Marketplace – A Virtual Partnership Platform for Sustainable Energy Investments
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PROJECT HOST COUNTRIES SERVICES & TECHNOLOGIES
SIDS Lighthouses Initiative Sustainable Energy Marketplace – A Virtual Partnership Platform for Sustainable Energy Investments PROJECT HOST COUNTRIES SERVICES & TECHNOLOGIES PROJECT OWNERS FINANCIERS Promote project portfolios Promote enabling investment environments Originate new customers Find partners in project development / financing consortia Find relevant country data Originate deals Project development support Co-financiers Ensure visibility for projects Identify investors and advisors Share data
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SIDS Lighthouses Initiative
Sustainable Energy Marketplace – A Virtual Partnership Platform for Sustainable Energy Investments
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SIDS Lighthouses Initiative
Sustainable Energy Marketplace – A Virtual Partnership Platform for Sustainable Energy Investments
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SIDS Lighthouses Initiative
Facilitating Tools and Services Through Partnerships Policy and regulatory advisory services Technical expertise in planning, identifying, structuring, and executing projects Financing for capacity building, policy and regulatory design, early-stage transactions, and project financing Network to share information, knowledge and practices For more information: Daniela Schmidt, Programme Officer, SIDS Lighthouses Initiative
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