Challenge Most countries know they have RE potentials However they lack the projects to achieve the desired deployment Conditions inherent to certain countriesregions translate into high costs and financial risk ID: 780941
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The RE Project Development Challenge
Most countries know they have RE potentials. However, they lack the projects to achieve the desired deployment.Conditions inherent to certain countries/regions translate into high costs and financial risks, e.g. SIDS.Stakeholders involved in a project often lack the know-how to complete a bankable project proposal. This leads to higher project development costs and risks.Fund securement process and financing options themselves aren’t transparent.
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IRENA has taken the initiative to strengthen the project development base, enhance the quality of proposals and increase their bankability, attracting better financing conditions.
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The challenge of RET projectsFailing to prove project bankability to funding institutionsInsufficient knowledge on project proposal developmentHigher project development costs Higher risk of project failureObjectivesIncrease the bankability of projects by:Strengthening the project development baseEnhancing the quality of project proposalsReducing costs and mitigating risks through proper planning and efficient use of fundsFacilitating effective implementation
ScopeAll RETs
Different finance types: grants, loans, equity Project sizes: from individual use to utility scale projects
Global: all geographical regions
What is the IRENA Project Navigator?
Slide3The Project Navigator Platform
www.irena.org/navigator3
Slide4Learning Section
4Project Development GuidelinesClear project development processDetailed definitionsToolsKey ActionsControl questions and deliverablesContract templatesTechnical GuidelinesLand and resource assessment
Technology selection and sizing
Logistical aspectsLessons learned from previous projectsHow others did it
Find examples Case studies
Templates
Slide5Start a Project
5Create your own workspacePassword protected workspaceInteractive toolsStore up to three projectsFollow a clear project development processClear objectivesInteractive toolsControl questions to ensure that nothing important has been overlookedTrack your progressStore your data Keep track of your project
Export and download reports
Slide6Find a fund that suits your project
The Financial Navigator is a detailed database of funds that actively provide finance to renewable energy technology projects. It increases the transparency of the funding process and helps project developers identify potential funding opportunitiesThe available information includes:Geographical CoverageTechnological CoverageType of fund
SizeFunding requirements
Administrating organizationContact details
6Financial Navigator
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PresentLaunched 22 April 20151350+ registered usersAcross 172 countriesTechnical Concept GuidelinesWindUtility-scale PVNext StepsTechnical Concept GuidelinesRooftop PV
Off-/Mini-grid applicationsSmall Hydro
BioenergyGeothermalWorkshops / Regional adaptations
Pilot studies with member countriesContinuous improvement of the tool
Contact
:
navigator@irena.org
Visit us:
www.irena.org/navigator
Navigator - Present and future