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PACIFIC GEOTHERMAL INITIATIVE 6th MEETING OF THE PACIFIC ENERGY ADVISORY GROUP 16-18 NOVEMBER 2015 SPC, NABUA.

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Presentation on theme: "PACIFIC GEOTHERMAL INITIATIVE 6th MEETING OF THE PACIFIC ENERGY ADVISORY GROUP 16-18 NOVEMBER 2015 SPC, NABUA."— Presentation transcript:

1 PACIFIC GEOTHERMAL INITIATIVE 6th MEETING OF THE PACIFIC ENERGY ADVISORY GROUP 16-18 NOVEMBER 2015 SPC, NABUA

2 Context Geothermal potential identified in: Fiji, Vanuatu, Samoa, Solomon Islands, Papua New Guinea, American Samoa, Marianna Islands and Tonga Various stages of national and regional geothermal activities since the Mid 90s  Regional geothermal survey  Feasibility studies and to some extent some exploratory drilling for some of the identified PICTs 2

3 Rationale Regional vision of “an energy secure Pacific” and working towards the goal of a “secured supply, efficient production and use of energy for sustainable development FAESP 2010 – 2020 has identified geothermal energy as one of the potential renewable energy sources under Theme 3 – Energy Production and Supply Geothermal exploration is most of the PICTs is covered under the Minerals and/or Geological related legislations Many PICTs are of volcanic origin and therefore present a significant potential of economically viable geothermal resources.

4 Rationale Detailed scoping of geothermal potential and supporting each PICT strengthen their respective institutional capacities:-  policy and regulatory enabling environment  geo-scientific disciplines in general and  geothermal energy projects  SPC – GSD currently hosts the Pacific Geothermal Working Group that includes PNG, Solomon Islands, Vanuatu, Fiji, Tonga, Samoa, American Samoa and the Marianna Islands 4

5 CHALLENGES FOR GEOTHERMAL DEPLOYMENT Absence or the lack of adapted legislation/policy Risk managementLand issuesLimited human resources Lack of awareness on geothermal Dependence on development assistance

6 IRENA-GGA’s Proposal: Pacific Geothermal Initiative Capacity building and technical assistance initiative for geothermal development in the Pacific: “Pacific Geothermal Initiative” Activities implemented through national steering groups in collaboration with the Secretariat of the Pacific Community (SPC-GSD, EDD) IRENA, the Global Geothermal Alliance, and other partners to support activities implementation

7 A recommended two phased approach Phase II: Direct technical assistance and training activities Building capacity at the Institutional, technical expertise and enterprises levels for an enabling environment Definition of pilot projects and building of skills to manage enabling policies and regulations Geothermal mining operations, hydro-geological as well as geothermal research and project implementation Phase I: Setting-up of steering processes and scoping of needs Institutionalizing national and regional energy technical committees with the mandate and the institutional capacity to lead the assessment of needs at the policy, technological and capacity levels.

8 Simultaneous actions at the regional and national levels Regional perspective Promotion of bilateral and multilateral partnerships regionally and internationally Policy consensus and capacity building National perspective Technical assistance and capacity building to national institutions and industry partners Advanced level of geothermal awareness, site identification, exploration and drilling abilities

9 Pacific Geothermal Initiative – Actions Action 1: Strengthening the National Steering processes Action 2: Strengthening the regional steering processes Action 3: Policy, Technical and Capacity needs assessment and partnerships setting Action 4: Prefeasibility analysis and regional geothermal implementation plan Action 5: Institutional technical support to governments Action 6: Education and Training 9 Phase 1 Phase 2 Q4 - 2015 Q1 - 2016 Q2 - 2016 Q3 2016 – Q4 2017

10 The Global Geothermal Alliance (GGA) The Global Geothermal Alliance (GGA) brings together leading geothermal countries as well as several private and public partners GGA to help with the coordination of global efforts for the improvement of:  Geothermal exploitation  Mitigating risks  Addressing the awareness  Targeted capacity building  Project identification and support needed by countries IRENA hosts the GGA secretariat IMPLEMENTATION PARTNERS

11 GGA MEMBERSHIP AS OF 12 NOVEMBER 2015 MEMBER COUNTRIES Africa: Burundi, Djibouti, Egypt, Kenya, Uganda, Tanzania, Zimbabwe Asia: Indonesia, Malaysia, Pakistan, Philippines Europe: France, Iceland, Poland, Turkey America: Bolivia, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Peru Small islands: Fiji, Saint Vincent and the Grenadines, Tonga, Papua New Guinea, Vanuatu PARTNER INSTITUTIONS Development partners: African Development Bank (AFDB), African Union Commission (AUC), Inter-American Development Bank (IDB), Eastern Africa Power Pool, International Renewable Energy Agency (IRENA), New Partnership for Africa’s Development (NEPAD), Nordic Development Fund, Southern African Power Pool, United Nations Environment Programme (UNEP), World Bank – Energy Sector Management Assistance Program (ESMAP) Industry: European Geothermal Energy Council, International Geothermal Association Geothermal research institutions and academia: Andean Geothermal Centre of Excellence of Chile, Serbian Geological Society, Energy Institute Hrvoje Pozar MEMBER COUNTRIES Africa: Burundi, Djibouti, Egypt, Kenya, Uganda, Tanzania, Zimbabwe Asia: Indonesia, Malaysia, Pakistan, Philippines Europe: France, Iceland, Poland, Turkey America: Bolivia, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Peru Small islands: Fiji, Saint Vincent and the Grenadines, Tonga, Papua New Guinea, Vanuatu PARTNER INSTITUTIONS Development partners: African Development Bank (AFDB), African Union Commission (AUC), Inter-American Development Bank (IDB), Eastern Africa Power Pool, International Renewable Energy Agency (IRENA), New Partnership for Africa’s Development (NEPAD), Nordic Development Fund, Southern African Power Pool, United Nations Environment Programme (UNEP), World Bank – Energy Sector Management Assistance Program (ESMAP) Industry: European Geothermal Energy Council, International Geothermal Association Geothermal research institutions and academia: Andean Geothermal Centre of Excellence of Chile, Serbian Geological Society, Energy Institute Hrvoje Pozar

12 SUPPORTING TOOLS AND PLATFORMS

13 13 Renewable energy project facility now open for applications! The International Renewable Energy Agency (IRENA) and Abu Dhabi Fund for Development (ADFD) Project Facility online portal is now open to receive applications for funding in the fourth project selection cycle. For each cycle, the joint facility provides a total of around USD 50 million and USD 5 to USD 15 million per project, covering up to 50% of the project costs. The joint facility offers this finance at rates from 1% to 2% with a 20-year loan period, including a 5-year grace period. Projects seeking funding need to be sustainable, replicable, scalable, innovative and transformative, in line with government priorities and backed by a government guarantee. Deadline for online submission of applications for the fourth annual funding cycle is 15 February 2016, 17:00 GST (Abu Dhabi time). For more information about the project facility, please refer to this information note, visit http://www.irena.org/adfd or contact adfd@irena.org http://www.irena.org/adfdadfd@irena.org You are encouraged to forward this information to stakeholders that may be interested in applying to the IRENA/ADFD Project Facility. IRENA-ADFD FACILITY

14 14 PROJECT NAVIGATOR

15 Sustainable Energy Marketplace www.irena.org/marketplace 15 Marketplace Project Owner C Project Owner BProject Owner A Project 3 Project 2 Project 1 Project 6 Project 5 Project 4 Project N Project 8 Project 7 Private Equity Commercial Banks Utilities Industrials / IPP Public Finance ECAs Guarantee LoanMezzanine Equity Grant Service providers Technical Financing EPC, O&M Legal Governments Projects Expertise Enabling environment, facilitation Financing Enabling frameworks Investment opportunities Country level facilitation Other

16 GLOBAL RENEWABLE ENERGY ISLANDS NETWORK 16 http://irena.org/globalatlas Activities under the SIDS LHI http://grein.irena.org/default.aspx

17 GLOBAL ATLAS http://irena.org/globalatlas

18 OTHER TOOLS AND DATABASES 18 IRENA RESOUCE http://resourceirena.irena.org/gateway/ http://www.iea.org/policiesandmeas ures/renewableenergy/

19 19 120 megawatts (MW) of new renewable energy deployment and all participating SIDS to have renewable energy roadmaps by 2020. Facilitates and coordinates access to resources required by SIDS to transform their fossil fuel based power sectors to renewable energy through partnerships with development partners SIDS partners in the AIMS, Caribbean and Pacific regions, gain access to: Policy and regulatory advisory services Technical expertise in planning, identifying, structuring, and executing projects Financing for capacity building, policy and regulatory design, early stage transaction, and project financing Network to share information, knowledge and practices with other members

20 VINAKA VAKALEVU Arieta Gonelevu Rakai Programme Officer, Islands IRENA Headquarters, Masdar City | P.O. Box 236 | Abu Dhabi, United Arab Emirates | Tel: +97124179995 | Mob: +97156 538 8243 | ARakai@irena.org | www.irena.org ARakai@irena.orgwww.irena.org

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