Key lessons from South Africa s Renewable Energy IPP Programme

Size: px
Start display at page:

Download "Key lessons from South Africa s Renewable Energy IPP Programme"

Transcription

1 Key lessons from South Africa s Renewable Energy IPP Programme Management Program in Infrastructure Reform and Regulation University of Cape Town

2 Competitive tenders for RE IPPs 2011 DoE issued RfP for 3625MW of renewable power Procurement caps for individual technologies Price caps for each technology Standard 20 yr, local denominated PPAs + IA + DA Up to 5 tender rounds originally envisaged Bids due 3 months after RfP Financial close 6 months after preferred bidder status CoD required within 18 months of financial close

3 Evaluation process Qualification Criteria Structure of project Legal Land Environment Financial Technical Economic development Bid guarantee Evaluation Criteria Price 70% Economic 30% Development Job creation Local content Ownership Management control Preferential procurement Enterprise development Socio-economic development

4 Round 1 outcomes Tendered 3625 MW 53 bids received 2128 MW 28 qualified 1416 MW Prices marginally below tender caps Financial close and contract signing within 15 months of RfP Total investment ca. US$6 billion Mostly by local banks Real returns high

5 Round 2 outcomes Tendered 1275 MW 79 bids 3255 MW 51 qualified 19 preferred 1045 MW Prices drop Local content increases PV: 28.5 to 47.5% Wind: 21.7 to 36.7% CSP: 21.0 to 36.5% All have reached financial close Total investment US$3.5 billion

6 Round 3 outcomes Tendered 1473 MW 93 bids 6023 MW 74 qualified 17 preferred 1456 MW Prices drop further Local content increases PV: 28.5 to 53.8% Wind: 21.7 to 46.9% CSP: 21.0 to 44.3% Total investment US$3.4 billion

7 Round 4 outcomes 77 qualified bids 26 preferred 2205 MW Prices drop further Total investment US$3.85 billion Prices now amongst cheapest in the world Cheapest wind 4.7c/kWh Solar PV 6.6c/kWh

8 Overall REIPPP outcomes Private investment +- US$19 bn 92 projects 6327 MW..since 2011!

9 REIPPP average prices ZAR c/kwh Round 1 Round 2 Round 3 Round 4 Onshore wind Solar PV

10 Success factors / lesson Enabling policy and regulatory framework Focused team fully authorised to drive the procurement a programme champion Adequate resources for programme conception and design and hiring of experienced transaction advisers International benchmarking Interaction with private sector to test bankability

11 Success factors / lessons Procurement design Competitive tender (vs. REFIT & directly negotiated) Single stage vs. two-stage procurement Multiple bid rounds Single price bid (vs. descending clock auction) High standards in tender documentation and process Adjustments in subsequent tender rounds to increase competition and reduce transaction costs Requirement for bidders secure funding means banks undertake due diligence

12 Success factors / lessons Standard, non-negotiable PPAs, IAs, and DA The PPA backed by sovereign guarantee in the IA and supported by a Government Support Framework Agreement The IA not only provided government support, also imposed ED obligations The ED benefits have been significant

13 Success factors / lessons One per cent of project cost into RE fund to support subsequent procurement Local capital markets Programme transparent & fair Excellent communication with the private sector Strict security conditions for evaluations Independent review process for evaluations Programme credibility No delayed/ non-payments by Eskom to date However transmission constraints are a potential risk

14 Challenges / lessons Size and readiness of RE market initially overestimated and too much capacity tendered with insufficient competition in round 1 Size and complexity of programme stretched available advisory capacity to the limit May have been more prudent to start smaller and then gradually ramp up programme Economic development criteria are arguably resulting in higher prices than could have been achieved Need to demonstrate ED and SED benefits Could improve local content and employment criteria Need better links with transmission planning and investment Utility can frustrate transmission connection Institutionalizing procurement capacity

15 The Management Programme in Infrastructure Reform & Regulation (MIR) is an emerging centre of excellence and expertise in Africa. It is committed to enhancing knowledge and capacity to manage the reform and regulation of the electricity, gas, telecommunications, water and transport industries in support of sustainable development. Prof Anton Eberhard Research, training courses, consultancy University of Cape Eberhard

Electricity blackouts in South Africa: proximate and ultimate causes & recommendations for the future

Electricity blackouts in South Africa: proximate and ultimate causes & recommendations for the future Electricity blackouts in South Africa: proximate and ultimate causes & recommendations for the future Presentation to Parliamentary Portfolio Committee on Public Enterprises 14 February 2007 Prof Anton

More information

THE SOUTH AFRICAN RENEWABLE ENERGY IPP PROCUREMENT PROGRAMME

THE SOUTH AFRICAN RENEWABLE ENERGY IPP PROCUREMENT PROGRAMME THE SOUTH AFRICAN RENEWABLE ENERGY IPP PROCUREMENT PROGRAMME Review, Lessons Learned & Proposals to Reduce Transaction Costs Anton Eberhard and Raine Naude This work has been made possible by the generous

More information

Peter Wright. Renewable Energy Projects in Africa Comparing Procurement Models for Renewable Generation Capacity. Simmons & Simmons March 2015

Peter Wright. Renewable Energy Projects in Africa Comparing Procurement Models for Renewable Generation Capacity. Simmons & Simmons March 2015 Renewable Energy Projects in Africa Comparing Procurement Models for Renewable Generation Capacity Peter Wright Simmons & Simmons March 2015 Meeting the cost of Green Energy When renewables first emerged

More information

RENEWABLE ENERGY AUCTIONS IN SUB-SAHARAN AFRICA:

RENEWABLE ENERGY AUCTIONS IN SUB-SAHARAN AFRICA: RENEWABLE ENERGY AUCTIONS IN SUB-SAHARAN AFRICA: Review, Lessons Learned and Recommendations Wikus Kruger & Anton Eberhard Table of Contents Acronyms... iii List of Figures and Tables... v Introduction...

More information

Best practices for successful auction program: connecting public sector and investors in emerging RE markets

Best practices for successful auction program: connecting public sector and investors in emerging RE markets Best practices for successful auction program: connecting public sector and investors in emerging RE markets This paper has been prepared by: in collaboration with: Paola Brunetto, EGP Valeria Centorbi,

More information

Power Sector Reform and Investment Comparing Uganda with Kenya and Tanzania

Power Sector Reform and Investment Comparing Uganda with Kenya and Tanzania Power Sector Reform and Investment Comparing Uganda with Kenya and Tanzania Prof Anton Eberhard Management Program in Infrastructure Reform and Regulation University of Cape Town Drivers for utility reform

More information

Enabling Renewable Energy in South Africa Assessing the Renewable Energy IPP Procurement Programme

Enabling Renewable Energy in South Africa Assessing the Renewable Energy IPP Procurement Programme Enabling Renewable Energy in South Africa Assessing the Renewable Energy IPP Procurement Programme WWF RE Finance Report Launch IDC Offices, Sandton 29 August 2014 Disclaimer and confidentiality This document

More information

Meeting Africa s Power Challenges

Meeting Africa s Power Challenges Meeting Africa s Power Challenges @AntonEberhard Prof Anton Eberhard Management Program in Infrastructure Reform and Regulation University of Cape Town Outline 1. Africa s power challenges 2. The response:

More information

IFC Transaction Advisory Services Creating opportunity where it s needed most. From Concept Design to Project Execution

IFC Transaction Advisory Services Creating opportunity where it s needed most. From Concept Design to Project Execution IFC Transaction Advisory Services Creating opportunity where it s needed most From Concept Design to Project Execution ECREEE Abidjan, March 2014 Introduction and agenda Introduction and agenda Introduction:

More information

GET FIT Programme. Energy Sector Working Group. Maputo, 25 May Julia Crause Infrastructure, Southern Africa KfW Development Bank

GET FIT Programme. Energy Sector Working Group. Maputo, 25 May Julia Crause Infrastructure, Southern Africa KfW Development Bank GET FIT Programme Energy Sector Working Group Maputo, 25 May 2016 Julia Crause Infrastructure, Southern Africa KfW Development Bank Agenda 1 GET FIT Uganda Results and Approach 2 Potential GET FiT Programme

More information

Renewable Energy Auctions Analysing IRENA Energy Community Workshop on Renewable Energy Auctions 8 March 2017

Renewable Energy Auctions Analysing IRENA Energy Community Workshop on Renewable Energy Auctions 8 March 2017 Renewable Energy Auctions Analysing 2016 IRENA Energy Community Workshop on Renewable Energy Auctions 8 March 2017 Renewable Energy Auctions Recent highlights 2 Price trends: solar PV auctions 3 Price

More information

Investor presentation

Investor presentation Investor presentation February 2018 Our values Predictable Driving results Changemakers Working together Disclaimer The following presentation is being made only to, and is only directed at, persons to

More information

Renewable Energy Investments Centre for Environmental Rights

Renewable Energy Investments Centre for Environmental Rights Renewable Energy Investments Centre for Environmental Rights DATE: 24 October 2016 PRESENTER: Peta Chennells Senior Investment Analyst Agenda Why Renewable Energy Makes Sense South African energy requirements

More information

Mobilizing Islamic Finance for Long Term Financing: Lessons From Conventional Finance. Ana Carvajal

Mobilizing Islamic Finance for Long Term Financing: Lessons From Conventional Finance. Ana Carvajal Mobilizing Islamic Finance for Long Term Financing: Lessons From Conventional Finance Ana Carvajal Istanbul, November 2015 The Context: Gaps in long term finance Infrastructure Financing gap estimated

More information

Capital Stage AG: Strategic Partnership with Solarcentury. November 2, 2017, 11:00 CET

Capital Stage AG: Strategic Partnership with Solarcentury. November 2, 2017, 11:00 CET Capital Stage AG: Strategic Partnership with Solarcentury November, 07, :00 CET Benefits of the partnership with Solarcentury Access to exclusive pipeline of. GW solar PV over years European assets of

More information

Auctions to support renewable energy deployment overview and design elements Reverse Auctions to Scale Renewable Energy 6 June 2017

Auctions to support renewable energy deployment overview and design elements Reverse Auctions to Scale Renewable Energy 6 June 2017 Auctions to support renewable energy deployment overview and design elements Reverse Auctions to Scale Renewable Energy 6 June 2017 Targets in the global renewable energy landscape 173 countries have at

More information

Eskom MYPD4 Revenue Application

Eskom MYPD4 Revenue Application Eskom MYPD4 Revenue Application Focus on Coal and Independent Power Producer Costs Nersa Public Hearings Durban 17 January 219 The MYPD methodology through the allowable revenue formula was applied AR=

More information

Feed in Tariff Guidelines

Feed in Tariff Guidelines COMMON MARKET FOR EASTERN AND SOUTHERN AFRICA Feed in Tariff Guidelines Zambia Lusaka August 7 to 11 2017 Feed in tariff Guidelines I. Objectives of the Feed In Tariff Guideline II. Feed In Tariffs Policy

More information

OPPORTUNITIES IN THE ON-GRID RE SECTOR IN NIGERIA

OPPORTUNITIES IN THE ON-GRID RE SECTOR IN NIGERIA OPPORTUNITIES IN THE ON-GRID RE SECTOR IN NIGERIA by Yesufu Longe Head, Power Procurement & Power Contracts June, 2016 Outline History How NBET Works Tenders & Auctions International & Local Investment

More information

Morocco s experience in financing solar projects

Morocco s experience in financing solar projects Morocco s experience in financing solar projects February 5, 2019 1 Morocco s Energy Strategy 2 RENEWABLE ENERGIES, AT THE HEART OF MOROCCO S ENERGY STRATEGY Strong will of increasing renewable energy

More information

Headline Verdana Bold. Uganda PPP Act - Implications for Public Sector Accounting Kenneth LEGESI Deloitte (Uganda) Limited

Headline Verdana Bold. Uganda PPP Act - Implications for Public Sector Accounting Kenneth LEGESI Deloitte (Uganda) Limited Headline Verdana Bold Uganda PPP Act - Implications for Public Sector Accounting Kenneth LEGESI Deloitte (Uganda) Limited About us Kenneth Legesi Infrastructure and Capital Projects / PPP Advisory Deloitte

More information

Trinity International LLP. Ana-Katarina Hajduka

Trinity International LLP. Ana-Katarina Hajduka Trinity International LLP Ana-Katarina Hajduka Renewable Energy PPPs Wind and Solar By Ana-Katarina Hajduka (anakatarina.hajduka@trinityllp.com) October 2013 Wind and Solar Power - some interesting facts

More information

EPC CONTRACTS FOR WIND ENERGY PROJECTS - SOUTH AFRICAN RE IPP PROGRAMME - LESSONS LEARNED FROM PHASES 1 AND 2 (OCTOBER 2012)

EPC CONTRACTS FOR WIND ENERGY PROJECTS - SOUTH AFRICAN RE IPP PROGRAMME - LESSONS LEARNED FROM PHASES 1 AND 2 (OCTOBER 2012) South African Wind Energy Association - Wind Law Firm of the Year Finance & Projects Update EPC CONTRACTS FOR SOUTH AFRICAN RE IPP PROGRAMME - LESSONS LEARNED FROM PHASES 1 AND 2 (OCTOBER 2012) KEY CONTACTS

More information

WALK-THROUGH THE LEGAL STRUCTURE OF PPA S عرض الهيكل القانوني التفاقيا شراء الطاق

WALK-THROUGH THE LEGAL STRUCTURE OF PPA S عرض الهيكل القانوني التفاقيا شراء الطاق WALK-THROUGH THE LEGAL STRUCTURE OF PPA S عرض الهيكل القانوني التفاقيا شراء الطاق Agenda What is a PPA? Timeline Bankability PPA Development of the Jordanian PPA PPA Main Components Purpose and Duration

More information

FOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017

FOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017 FOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017 Antoine Cahuzac - Group Senior Executive VP of Renewable Energies and CEO of EDF Énergies Nouvelles Bruno Fyot COO of EDF EN Denis Rouhier CFO

More information

SALGA Position on Eskom Revenue Proposal 2018/19 Cllr M. Mfikoe Nhlanhla L Ngidi Lonwabo Magida 16 November 2017

SALGA Position on Eskom Revenue Proposal 2018/19 Cllr M. Mfikoe Nhlanhla L Ngidi Lonwabo Magida 16 November 2017 SALGA Position on Eskom Revenue Proposal 2018/19 Cllr M. Mfikoe Nhlanhla L Ngidi Lonwabo Magida 16 November 2017 www.salga.org.za Content Introduction Cllr Matshidiso Mfikoe SALGA Summary of Observations

More information

Illinois Power Agency Act and Related Legislation

Illinois Power Agency Act and Related Legislation Craig D. Nelson Vice President Regulatory Affairs & Financial Services November 1, 2007 Topics Implications of Illinois Power Agency Act and related changes to Public Utility Act Expected influence on

More information

AVENG CAPITAL PARTNERS Investor conference 19 & 20 October 2015

AVENG CAPITAL PARTNERS Investor conference 19 & 20 October 2015 AVENG CAPITAL PARTNERS Investor conference 19 & 20 October 2015 AGENDA OVERVIEW PORTFOLIO PORTFOLIO VALUATION MARKET UPDATE STRATEGY VALUE PROPOSITION Q & A 2 3 OVERVIEW OVERVIEW Background to Aveng Capital

More information

Developing the Power Sector through Private Investment in Mongolia. Edgar Saravia Program Manager

Developing the Power Sector through Private Investment in Mongolia. Edgar Saravia Program Manager Developing the Power Sector through Private Investment in Mongolia Edgar Saravia Program Manager October 2008 Setting the Context Government of Mongolia ( GoM ) wishes to introduce PSP in power generation

More information

The state of the power sector in Africa: Re-assessing regulation, investment and sector performance

The state of the power sector in Africa: Re-assessing regulation, investment and sector performance The state of the power sector in Africa: Re-assessing regulation, investment and sector performance Africa Power Colloquium Cape Town 28-30 November 2010 Prof Anton Eberhard Management Program in Infrastructure

More information

GLOBAL POWER SECTOR REFORM AND THE CASE FOR REFORM IN SOUTH AFRICA

GLOBAL POWER SECTOR REFORM AND THE CASE FOR REFORM IN SOUTH AFRICA GLOBAL POWER SECTOR REFORM AND THE CASE FOR REFORM IN SOUTH AFRICA 22 October 2018 PRESENTATION TO THE ABSA POWER, UTILITIES AND INFRASTRUCTURE INSIGHT SERIES Dr Grové Steyn 1 THE ORIGINAL RATIONALE FOR

More information

Is 2016 a game changer for renewable investment?

Is 2016 a game changer for renewable investment? Is 2016 a game changer for renewable investment? Presentation at the by Matt Rennie, EY 4 October 2016 Matt Rennie EY Oceania Power and Utilities leader, EY Global Leader Transactions, Power and Utilities

More information

Key Elements of a Wind / Solar PPP. Cathy Oxby Commercial Director Mob:

Key Elements of a Wind / Solar PPP. Cathy Oxby Commercial Director   Mob: Key Elements of a Wind / Solar PPP Cathy Oxby Commercial Director Email: cathy.oxby@africagreenco.com Mob: +447795027654 Global importance of wind and solar power Global investment in renewable energy

More information

Policies to Unlock a Solar Future Letting in the Light: Unlocking the Potential of Solar Energy World Future Energy Summit Abu Dhabi, 17 January 2017

Policies to Unlock a Solar Future Letting in the Light: Unlocking the Potential of Solar Energy World Future Energy Summit Abu Dhabi, 17 January 2017 Policies to Unlock a Solar Future Letting in the Light: Unlocking the Potential of Solar Energy World Future Energy Summit Abu Dhabi, 17 January 2017 Targets in the global renewable energy landscape 173

More information

World Bank Group Risk Mitigation Solutions for Myanmar s Infrastructure Projects. Workshop Program

World Bank Group Risk Mitigation Solutions for Myanmar s Infrastructure Projects. Workshop Program World Bank Group Risk Mitigation Solutions for Myanmar s Infrastructure Projects Workshop Program 3 June, 2015 Richard MacGeorge Successful preparation of bankable projects Getting Projects From Fairway

More information

Enabling Renewable Energy in South Africa: Assessing the Renewable Energy Independent Power Producer Procurement Programme REPORT SUMMARY ZA

Enabling Renewable Energy in South Africa: Assessing the Renewable Energy Independent Power Producer Procurement Programme REPORT SUMMARY ZA REPORT SUMMARY ZA 2014 Global Warming Images / WWF-Canon Enabling Renewable Energy in South Africa: Assessing the Renewable Energy Independent Power Producer Procurement Programme EXECUTIVE SUMMARY This

More information

Public Private Partnerships. Gautrain Rapid Rail Link. in St Petersburg. World Bank Institute. CEO: Gautrain Management Agency

Public Private Partnerships. Gautrain Rapid Rail Link. in St Petersburg. World Bank Institute. CEO: Gautrain Management Agency Public Private Partnerships in St Petersburg Gautrain Rapid Rail Link World Bank Institute Jack van der Merwe (Pr.Eng) CEO: Gautrain Management Agency 07-08 December 2007 Why Gauteng... why Gautrain? The

More information

Undertaking Successful PPPs in Kazakhstan

Undertaking Successful PPPs in Kazakhstan Undertaking Successful PPPs in Kazakhstan Stephen Watson Head of Service PPP Astana, Kazakhstan 24 October 2013 image courtesy of stock.xchng Contents PPP Principles PPPs in Kazakhstan Renewables in Kazakhstan

More information

Title of presentation

Title of presentation Tariffs versus Return on Investment Title of presentation Cornelis van der Waal Industry Manager Africa Energy and Power Systems Power Indaba 2008, Cape Town, South Africa TOC Current State of the Electricity

More information

MYPD3 Application January 2013

MYPD3 Application January 2013 MYPD3 Application 2014-2018 January 2013 Disclaimer This presentation does not constitute or form part of and should not be construed as, an offer to sell, or the solicitation or invitation of any offer

More information

World Bank s Energy Infra-SAP: The Case of Vietnam. ESMAP Knowledge Exchange Forum, London November 30 th 2017

World Bank s Energy Infra-SAP: The Case of Vietnam. ESMAP Knowledge Exchange Forum, London November 30 th 2017 World Bank s Energy Infra-SAP: The Case of Vietnam ESMAP Knowledge Exchange Forum, London November 30 th 2017 1 Maximizing Finance for Development: Cascade Algorithm Q1 Is there a sustainable private sector

More information

The political-economy of power sector reform in South Africa. Prof Anton Eberhard

The political-economy of power sector reform in South Africa. Prof Anton Eberhard The political-economy of power sector reform in South Africa Prof Anton Eberhard Graduate School of Business University of Cape Town & Board of the National Electricity Regulator Overview istorical development

More information

Preparing Renewable Energy Power Purchase Agreements in the Middle East and North Africa: Questions to Ask

Preparing Renewable Energy Power Purchase Agreements in the Middle East and North Africa: Questions to Ask IRENA IRENA 2016 2014 2016 1 Preparing Renewable Energy Power Purchase Agreements in the Middle East and North Africa: Questions to Ask IRENA 2016 2 INTRODUCTION» Countries in the Middle East and North

More information

Electricity Supply to Africa and Developing Economies Challenges and Opportunities. Renewable energy integration

Electricity Supply to Africa and Developing Economies Challenges and Opportunities. Renewable energy integration Electricity Supply to Africa and Developing Economies Challenges and Opportunities Renewable energy integration Costs Containment Considerations by Utilities during Implementation of IPP Projects DP Hadebe

More information

Investor presentation

Investor presentation Investor presentation October 2017 Our values Predictable Driving results Changemakers Working together Disclaimer The following presentation is being made only to, and is only directed at, persons to

More information

Eskom Upington CSP Case Study Preliminary insights

Eskom Upington CSP Case Study Preliminary insights Eskom Upington CSP Case Study Preliminary insights Second CSP Dialogue January 2014 Abu Dhabi Rodney Boyd BRAZIL CHINA EUROPE INDIA INDONESIA UNITED STATES Island of San Giorgio Maggiore 8 30126 Venice

More information

83C Questions and Answers

83C Questions and Answers 83C Questions and Answers (2) Section 1.7.4.1 Can the Evaluation Team provide guidance on the scope and amount of information that could be requested from ISO-NE, and the expected magnitude of any associated

More information

Boosting Infrastructure Financing through Risk Mitigation Instruments

Boosting Infrastructure Financing through Risk Mitigation Instruments Boosting Infrastructure Financing through Risk Mitigation Instruments Financing Sources for Public-Private Partnerships Forum Kuala Lumpur, 25 November 2015 Dr Armand Hermawan CFO Indonesia Infrastructure

More information

CLIMATE REPORT 2017 PRIVATE SECTOR AND CLIMATE FINANCE IN THE G20 COUNTRIES

CLIMATE REPORT 2017 PRIVATE SECTOR AND CLIMATE FINANCE IN THE G20 COUNTRIES PRIVATE SECTOR AND CLIMATE FINANCE IN THE G20 COUNTRIES ABOUT THE REPORT SOUTH AFRICA The G20 countries comprise two thirds of the global population as well as more than three quarters of the world s economic

More information

Offshore electricity transmission: a new model for delivering infrastructure

Offshore electricity transmission: a new model for delivering infrastructure REPORT BY THE COMPTROLLER AND AUDITOR GENERAL HC 22 SESSION 2012-13 22 JUNE 2012 Gas and Electricity Markets Authority Department of Energy and Climate Change Offshore electricity transmission: a new model

More information

Dominion Energy Virginia

Dominion Energy Virginia Request for Proposal 2017 Solicitation for New Photovoltaic Solar and Onshore Wind Power Supply Generation October 16, 2017 Dominion Energy Virginia TABLE OF CONTENTS Table of Contents PART I RFP Overview...

More information

RAINMAKER ENERGY. Comments to 2011 NERSA REFIT Review Tariffs

RAINMAKER ENERGY. Comments to 2011 NERSA REFIT Review Tariffs RAINMAKER ENERGY Comments to 2011 NERSA REFIT Review Tariffs 1 About Rainmaker Rainmaker Energy is developing Wind projects within South Africa Two flagship projects are in final stage of development,

More information

Alberta Capacity Market

Alberta Capacity Market Alberta Capacity Market Comprehensive Market Design (CMD 1) Design Proposal Document Section 8: Supply Obligations and Performance Assessments Prepared by: Alberta Electric System Operator Date: January

More information

RLSF SURVEY. Insights on Renewable Energy investments in Sub-Saharan Africa. Jef Vincent, Senior Advisor Update December 2017

RLSF SURVEY. Insights on Renewable Energy investments in Sub-Saharan Africa. Jef Vincent, Senior Advisor Update December 2017 RLSF SURVEY Insights on Renewable Energy investments in Sub-Saharan Africa Jef Vincent, Senior Advisor Update December 2017 The genesis of RLSF RLSF is a Regional Liquidity Support Facility that will facilitate

More information

Africa Legal Insight. Banking and financial markets. Julian Nichol John Sayers Peter Wright David Nelligan Katia Merlini Simmons & Simmons

Africa Legal Insight. Banking and financial markets. Julian Nichol John Sayers Peter Wright David Nelligan Katia Merlini Simmons & Simmons Africa Legal Insight Banking and financial markets Julian Nichol John Sayers Peter Wright David Nelligan Katia Merlini Simmons & Simmons 02 July 2012 Integrating DFIs, Commercial Lenders and Political

More information

Click to edit Master title style

Click to edit Master title style Click to edit Master title style Operation Phakisa Initiative 2 - Saldanha Supply Base Facility Presentation of the RFP TNPA 2016/04/013/CM 1 Introduction This presentation (the Presentation) sets out

More information

Public Private Partnerships IFC s Global Experience

Public Private Partnerships IFC s Global Experience Public Private Partnerships IFC s Global Experience Martin Spicer Principal Investment Officer Municipal Fund International Finance Corporation Moscow, February 10, 2005 1 Presentation Outline Introduction

More information

EgyptEra Regulatory Framework to Develop RES Projects in Egypt

EgyptEra Regulatory Framework to Develop RES Projects in Egypt Regulatory Framework to Develop RES Projects in Egypt Hatem Waheed Managing Director Egypt ERA Hatem.waheed@hotmail.com www.egyptera.org Contents Electricity Law RE Law and Regulations Current Situation

More information

Saudi Arabia Solar Trade Mission: Financing Panel - Introduction. Tim Armsby, Partner and Regional Head of Energy & Infrastructure

Saudi Arabia Solar Trade Mission: Financing Panel - Introduction. Tim Armsby, Partner and Regional Head of Energy & Infrastructure Saudi Arabia Solar Trade Mission: Financing Panel - Introduction Tim Armsby, Partner and Regional Head of Energy & Infrastructure Agenda Introduction Background to private sector participation in regional

More information

Minister Jeff Radebe: Independent Power Producer Programmes. Senior officials from all stakeholders behind this outcome

Minister Jeff Radebe: Independent Power Producer Programmes. Senior officials from all stakeholders behind this outcome Minister Jeff Radebe: Independent Power Producer Programmes 8 Mar 2018 Media Statement by Minister Jeff Radebe, Minister of Energy on the Independent Power Producer Programmes Director-General, Thabane

More information

Enel Green Power business plan. Rome - April 3 rd 2014

Enel Green Power business plan. Rome - April 3 rd 2014 Enel Green Power 20142018 business plan Rome April 3 rd 2014 EGP 20142018 business plan Agenda Snapshot on 2013 key achievements F. Starace, CEO Focus on geothermal R. Deambrogio, Head of Italy & Europe

More information

Renewable Energy Auctions in Sub-Saharan Countries

Renewable Energy Auctions in Sub-Saharan Countries Renewable Energy Auctions in Sub-Saharan Countries Hugo Lucas, Head of Energy Department at Factor Renewable Energy Auctions: A New Paradigm for Asia ACEF - 8 th June 2018 www.wearefactor.com Renewable

More information

CORRIGENDUM - IV. Development of 50 MW of Solar Power Projects in the State of Karnataka

CORRIGENDUM - IV. Development of 50 MW of Solar Power Projects in the State of Karnataka CORRIGENDUM - IV Development of 50 MW of Solar Power Projects in the State of Karnataka Date: 06 05 2014 Karnataka Renewable Energy Development Limited ( KREDL or the Authority ), Government of Karnataka

More information

ENERGISING EMERGING MARKETS

ENERGISING EMERGING MARKETS ENERGISING EMERGING MARKETS COMPLETE LIFECYCLE FINANCING FOR RENEWABLE ENERGY Climate Investor One is an innovative approach to infrastructure financing designed to accelerate the delivery of renewable

More information

Tidal financing Lessons from offshore wind

Tidal financing Lessons from offshore wind Tidal financing Lessons from offshore wind Ocean Energy Europe - 22 November 2016 Clément Weber A specialist advisory boutique focused on renewable energy We get deals done Deep roots in renewable energy

More information

Real Rooted Local. Is Electricity from coal still viable? Fossil Fuel Foundation. Thomas Garner, CEO Cennergi 17 March 2016

Real Rooted Local. Is Electricity from coal still viable? Fossil Fuel Foundation. Thomas Garner, CEO Cennergi 17 March 2016 Real Rooted Local. Is Electricity from coal still viable? Fossil Fuel Foundation Thomas Garner, CEO Cennergi 17 March 2016 Background to Cennergi + = 2 nd March 2012: 50:50 joint venture between Exxaro

More information

MYPD3 Application Gauteng January 2013

MYPD3 Application Gauteng January 2013 MYPD3 Application 2014-2018 Gauteng January 2013 Disclaimer This presentation does not constitute or form part of and should not be construed as, an offer to sell, or the solicitation or invitation of

More information

Investor presentation. H results September 26, 2017

Investor presentation. H results September 26, 2017 Investor presentation H1 2017 results September 26, 2017 Speakers of the day Sébastien CLERC Chief Executive Officer Joined Voltalia in 2011 Marie de LAUZON Chief Administrative Officer Joined Voltalia

More information

Regional Liquidity Support Facility Mitigating risks for private investments in Renewable Energy in Sub-Sahara Africa.

Regional Liquidity Support Facility Mitigating risks for private investments in Renewable Energy in Sub-Sahara Africa. Regional Liquidity Support Facility Mitigating risks for private investments in Renewable Energy in Sub-Sahara Africa January 2015 Agenda 1 2 Unlocking the RE Potential in Sub-Sahara Africa Regional Liquidity

More information

INVESTIGATING THE FINANCIAL CLOSE OF PROJECTS WITHIN THE SOUTH AFRICAN RENEWABLE ENERGY INDEPENDENT POWER PRODUCER PROCUREMENT PROGRAMME

INVESTIGATING THE FINANCIAL CLOSE OF PROJECTS WITHIN THE SOUTH AFRICAN RENEWABLE ENERGY INDEPENDENT POWER PRODUCER PROCUREMENT PROGRAMME INVESTIGATING THE FINANCIAL CLOSE OF PROJECTS WITHIN THE SOUTH AFRICAN RENEWABLE ENERGY INDEPENDENT POWER PRODUCER PROCUREMENT PROGRAMME I.J. Pieters 1, M. Lotz 1,2 & A.C. Brent 3 * 1 Graduate School of

More information

A NON-MARKET STRATEGY FOR ACCELERATING DEVELOPMENT IN PUBLIC INFRASTRUCTURE IN SOUTH AFRICA: A PROJECT FINANCE APPROACH

A NON-MARKET STRATEGY FOR ACCELERATING DEVELOPMENT IN PUBLIC INFRASTRUCTURE IN SOUTH AFRICA: A PROJECT FINANCE APPROACH A NON-MARKET STRATEGY FOR ACCELERATING DEVELOPMENT IN PUBLIC INFRASTRUCTURE IN SOUTH AFRICA: A PROJECT FINANCE APPROACH In this point of view, we identify innovative approaches to render South Africa a

More information

ECONOMIC CONSULTING ASSOCIATES LIMITED 41 Lonsdale Road London NW6 6RA UK tel +44 (0) / fax +44 (0)

ECONOMIC CONSULTING ASSOCIATES LIMITED 41 Lonsdale Road London NW6 6RA UK tel +44 (0) / fax +44 (0) Ghana Power Sector Review of Reform Programme Ray Tomkins (ECA) ECONOMIC CONSULTING ASSOCIATES LIMITED 41 Lonsdale Road London NW6 6RA UK tel +44 (0)20 7604 4545 / fax +44 (0)20 7604 4547 www.eca-uk.com

More information

Designing Energy Markets for the Future

Designing Energy Markets for the Future Designing Energy Markets for the Future Presentation at IWEA Dmitri Perekhodtsev, FTI Compass Lexecon Energy IWEC 17Clayton Hotel, 28 March 2017 Outline Who we are Market design in the RES world Evolution

More information

Cost of Equity (USD)

Cost of Equity (USD) 1 2 3 4 Cost of Equity Best-in-Class Country Power Market Permits Social Acceptance Developer Grid /Transmission Counterparty Financial Sector Political Currency/Macro. Cost of Equity Kazakhstan BAU 1.3%

More information

The policy and regulatory aspects of a bankable solar power project. Uzbekistan Energy Forum, London 18 April 2018 Louis Skyner Partner

The policy and regulatory aspects of a bankable solar power project. Uzbekistan Energy Forum, London 18 April 2018 Louis Skyner Partner The policy and regulatory aspects of a bankable solar power project Uzbekistan Energy Forum, London 18 April 2018 Louis Skyner Partner Contents 1. The restriction of subsidies and policy priorities. 2.

More information

1: Levelized Cost of Energy. Calculation. Methodology and Sensitivity

1: Levelized Cost of Energy. Calculation. Methodology and Sensitivity 1: Levelized Cost of Energy Calculation Methodology and Sensitivity What is LCOE? Levelized Cost of Energy (LCOE) is the constant unit cost (per kwh or MWh) of a payment stream that has the same present

More information

competftlontrlbunal 16 frl' COMPETITION TRIBUNAL OF SOUTH AFRICA

competftlontrlbunal 16 frl' COMPETITION TRIBUNAL OF SOUTH AFRICA competftlontrlbunal 16 frl' COMPETITION TRIBUNAL OF SOUTH AFRICA Case No: LM1280ct16 In the matter between TRIALPHA INVESTMENT VEHICLE Acquiring Firm And KOUGA WIND FARM (RF) (PTY) LTD; RUSTM01 SOLAR FARM

More information

SAWEA submission to the public hearing relating to the NERSA review of the REFIT tariffs. By: Johan van den Berg, CEO.

SAWEA submission to the public hearing relating to the NERSA review of the REFIT tariffs. By: Johan van den Berg, CEO. SAWEA submission to the public hearing relating to the NERSA review of the REFIT tariffs By: Johan van den Berg, CEO Date: May 2011 Overview 1. Who we are and our vision 2. Some history of our engagement

More information

Electricity Market Reform

Electricity Market Reform Electricity Market Reform Jonathan Brearley, Director, Energy Markets and Networks, DECC 27 September 2012 Our objectives for the electricity market mirror those of the wider energy system Climate change:

More information

ESB GWM Response: Enduring Connection Policy Stage 1 (ECP-1)

ESB GWM Response: Enduring Connection Policy Stage 1 (ECP-1) ESB GWM Response: Enduring Connection Policy Stage 1 (ECP-1) 15 th December 2017 i Contents 1. Introduction... 1 2. GWM views in relation to the specific proposed decisions... 2 2.1 Suspension of accepting

More information

FY2017/18, Year 5 of MYPD 3 Period

FY2017/18, Year 5 of MYPD 3 Period MYPD 3: Regulatory Clearing Account Submission to NERSA FY2017/18, Year 5 of MYPD 3 Period September 2018 Contents Contents Contents... 2 Preface... 8 1.1 The basis of submissions...8 1.2 The structure

More information

Supporting cities to cut carbon: perspective of EIB

Supporting cities to cut carbon: perspective of EIB EIB Headquarters, Luxembourg : perspective of EIB 15 October 2009 Edward Calthrop Economist, IAD. Profile The European Investment Bank is the European Union s long-term financing institution. The Bank

More information

Rocky Mountain Power Docket No Witness: Cindy A. Crane BEFORE THE PUBLIC SERVICE COMMISSION OF THE STATE OF UTAH ROCKY MOUNTAIN POWER

Rocky Mountain Power Docket No Witness: Cindy A. Crane BEFORE THE PUBLIC SERVICE COMMISSION OF THE STATE OF UTAH ROCKY MOUNTAIN POWER Rocky Mountain Power Docket No. 17-035-40 Witness: Cindy A. Crane BEFORE THE PUBLIC SERVICE COMMISSION OF THE STATE OF UTAH ROCKY MOUNTAIN POWER Supplemental Direct and Rebuttal Testimony of Cindy A. Crane

More information

PPA & REFIT. by Andile Gxasheka, RE Specialist. NERSA South Africa

PPA & REFIT. by Andile Gxasheka, RE Specialist. NERSA South Africa PPA & REFIT by Andile Gxasheka, RE Specialist NERSA South Africa NERSA Mandate The mandate is derived from the objectives of the Electricity Regulation Act, No 40 of 2006 as follows: promote the use of

More information

A unique profile. BLX Toronto Stock Exchange

A unique profile. BLX Toronto Stock Exchange A unique profile BLX Toronto Stock Exchange September 30, 2018 Cautionary Statements Forward-looking Statements Some of the statements contained in this presentation, including those regarding future results

More information

INVESTMENT OPPORTUNITIES in Central Asia Power Sector

INVESTMENT OPPORTUNITIES in Central Asia Power Sector INVESTMENT OPPORTUNITIES in Central Asia Power Sector Business Mission to Kazakhstan Almaty - Kazakhstan September 5, 2017 Pedro Robiou Senior Energy Specialist FOR DISCUSSION ONLY. The opinions expressed

More information

Investor presentation

Investor presentation Investor presentation May 2017 Our values Predictable Driving results Changemakers Working together Disclaimer The following presentation is being made only to, and is only directed at, persons to whom

More information

Renewables ride wave of success as opportunities in emerging markets soar

Renewables ride wave of success as opportunities in emerging markets soar Renewable Energy Investment update June 2015 Renewables ride wave of success as opportunities in emerging markets soar Global investment in Renewable Energy (RE) approached record levels in 2014, reflecting

More information

THE MOROCCAN RENEWABLE ENERGY MARKET OPPORTUNITIES FOR INVESTORS IN MOROCCO. - May 5th,

THE MOROCCAN RENEWABLE ENERGY MARKET OPPORTUNITIES FOR INVESTORS IN MOROCCO. - May 5th, THE MOROCCAN RENEWABLE ENERGY MARKET OPPORTUNITIES FOR INVESTORS IN MOROCCO - May 5th, 2010-1 SUMMARY I MOROCCAN RENEWABLE ENERGY MARKET : STRONG II REGULATION AND FRAMEWORK III CONCLUSION Investing in

More information

FY 2017 results. March 29, 2018

FY 2017 results. March 29, 2018 FY 2017 results March 29, 2018 speakers of the day Sébastien CLERC Chief Executive Officer Joined Voltalia in 2011 Marie de LAUZON Chief Administrative Officer Joined Voltalia in 2014 28 years of experience

More information

Dr Willem J. De Beer, Chief Operations Officer, EDI Holdings (Pty) Ltd, South Africa 23November 2010

Dr Willem J. De Beer, Chief Operations Officer, EDI Holdings (Pty) Ltd, South Africa 23November 2010 Dr Willem J. De Beer, Chief Operations Officer, EDI Holdings (Pty) Ltd, South Africa 23November 2010 The process of dealing with the EDI maintenance backlog: Can we catch up? Electricity Supply Chain GENERATION

More information

REA response to Consultation on Minima and Maxima in the CfD Allocation Process

REA response to Consultation on Minima and Maxima in the CfD Allocation Process REA response to Consultation on Minima and Maxima in the CfD Allocation Process The Renewable Energy Association (REA) is pleased to submit this response to the above consultation. The REA represents a

More information

CASE No. 73 of hours for a period of six months from 1 April, 2019 to 30 September, Coram. I. M. Bohari, Member Mukesh Khullar, Member

CASE No. 73 of hours for a period of six months from 1 April, 2019 to 30 September, Coram. I. M. Bohari, Member Mukesh Khullar, Member Before the MAHARASHTRA ELECTRICITY REGULATORY COMMISSION World Trade Centre, Centre No.1, 13th Floor, Cuffe Parade, Mumbai 400005. Tel. 022 22163964/65/69 Fax 22163976 Email: mercindia@merc.gov.in Website:

More information

Africa Business Forum, Energy Industry Session

Africa Business Forum, Energy Industry Session African Development Bank Energy Financial Solutions, Policy & Regulation Africa Business Forum, Energy Industry Session May 3 rd, 2018 OUTLINE THE ENERGY SECTOR, A STRATEGIC PRIORITY FOR THE AFRICAN DEVELOPMENT

More information

Feed-in Tariff Policy Design: Innovations, Lessons Learned and Future Direction

Feed-in Tariff Policy Design: Innovations, Lessons Learned and Future Direction Feed-in Tariff Policy Design: Innovations, Lessons Learned and Future Direction Clean Energy States Alliance and RPS Collaborative webinar Karlynn Cory Strategic Energy Analysis Center Sept. 30 th, 2010

More information

Review of the Reform and Privatization of the Power Sector in Nigeria. Peter Kieran Dar es Salaam January 31, 2014

Review of the Reform and Privatization of the Power Sector in Nigeria. Peter Kieran Dar es Salaam January 31, 2014 Review of the Reform and Privatization of the Power Sector in Nigeria Peter Kieran Dar es Salaam January 31, 2014 Corporate Overview -history -who we are today Our History CPCS Limited Canadian Pacific

More information

IFC s Project Financing of Concentrated Solar Power Plants

IFC s Project Financing of Concentrated Solar Power Plants IFC s Project Financing of Concentrated Solar Power Plants Workshop on CSP for Tunisia Presented by Stratos Tavoulareas Principal Energy Advisor Tunis, Tunisia July 18, 2018 1 IFC s CSP Project Investments

More information

SUB-NATIONAL GREEN BONDS

SUB-NATIONAL GREEN BONDS SUB-NATIONAL GREEN BONDS Innovation finance for Sustainability 14 June 2018 How much? Western Cape Infrastructure Investment Framework (2013) estimates R600 billion will be required for infrastructure

More information

What next for UK auctions of renewable Contracts for Difference?

What next for UK auctions of renewable Contracts for Difference? What next for UK auctions of renewable Contracts for Difference? In February we saw the results of the first competitive auction for Contracts for Difference (CfDs), the primary support mechanism for incentivising

More information

Eskom 2018/19 Revenue Application

Eskom 2018/19 Revenue Application Eskom 2018/19 Revenue Application Nersa Public Hearings Klerksdorp 13 November 2017 Where we are coming from This revenue application is being made for the year 2018/19, after the Energy Regulator maintained

More information