Rooftop Solar in Maldives : A World Bank Guarantee and SREP Facilitate Private Investment in Clean and Affordable Energy
This guidance note talks about Rooftop solar in Maldives. The Maldives Ministry of Environment and Energy, with support from the World Bank and from the Scaling Up Renewable Energy Program (SREP), a funding window of the Climate Investment Fund,has...
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| Format: | Brief |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26066134/rooftop-solar-maldives-world-bank-guarantee-scaling-up-renewable-energy-program-srep-facilitate-private-investment-clean-affordable-energy http://hdl.handle.net/10986/23948 |
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okr-10986-239482021-06-18T09:02:29Z Rooftop Solar in Maldives : A World Bank Guarantee and SREP Facilitate Private Investment in Clean and Affordable Energy Kohli, Sandeep Braud, Arnaud TARIFFS ESCROW ACCOUNTING PEOPLE KILOWATT-HOUR PUBLIC-PRIVATE PARTNERSHIPS FINANCING DEFAULTS INTEREST GUARANTEES SUNSHINE INVESTMENT FUND GOVERNMENT GENERATION OPTION STRATEGIES LIQUIDITY ENTREPRENEURS MARKET SIZE LIQUIDITY RISK PRICE SOLAR PROJECTS NATIONAL GRID POWER SYSTEM CREDIBILITY IRRADIATION INTERNATIONAL FINANCE GENERATION CAPACITY SAVINGS CURRENCY POWER GENERATION ENERGY SOURCES SUSTAINABLE ENERGY NONPAYMENT AGREEMENTS CAPACITY CONTRACTS FINANCES PAYMENT MARKETS PRIVATE INVESTMENT INTERNATIONAL DEVELOPMENT CONFIDENCE SOLAR ENERGY ENERGY POLICY FUEL CONSUMPTION FINANCE POWER PRODUCERS POWER PURCHASE AGREEMENTS EXPENDITURE TRANSACTIONS AUCTIONS INTERNATIONAL STANDARDS GRANT TRANSACTION GOOD PROCUREMENT CAPITAL CLIMATE CHANGE POLICIES INVESTOR INTEREST PRIVATE INVESTOR ALTERNATIVE ENERGY UTILITIES POWER ELECTRICITY BANK RETURNS ALTERNATIVE ENERGY PROGRAM CLIMATE BIDS ESCROW ACCOUNT DEFAULT MARKET LEASE AGREEMENTS INSOLATION POLICY SOLAR POWER BIDDING ACCESS TO ELECTRICITY POWER PRODUCER GOODS INVESTOR INVESTMENT HOUSEHOLDS TARIFF DIESEL FUEL FUEL INFRASTRUCTURE FINANCE BID PRIVATE INVESTMENTS BOTTOM LINE INVESTMENTS LENDING BANK GUARANTEE AGREEMENT STRATEGY RENEWABLE ENERGY OUTREACH GOVERNMENTS DIESEL FUEL COST PHOTOVOLTAIC POWER APPROACH GUARANTEE PRICES CONVENTIONAL ENERGY BENEFITS POLITICAL RISK ENERGY This guidance note talks about Rooftop solar in Maldives. The Maldives Ministry of Environment and Energy, with support from the World Bank and from the Scaling Up Renewable Energy Program (SREP), a funding window of the Climate Investment Fund,has designed a program centered on solar photovoltaic (PV) rooftop installations to take advantage of the Maldive's high insolation while also coping with the scarcity of land. Expensive diesel-fired generators operated by two state-owned utilities keep the lights on in Maldives, an archipelago of 200 inhabited islands spread over 900 kilometers of the Indian Ocean. But with the advent of affordable solar technology, the islands’ abundant sunshine can be harnessed for clean generation through private rooftop solar systems. With World Bank support, an innovative guarantee structure has been designed to attract private developers. The Asia Sustainable and Alternative Energy Program at the World Bank supported the development of the ASPIRE concept. ASPIRE’s goal is to scale up solar PV generation from the present level of 1.5 megawatts (MW) to between 20 and 40 MW over the next five years by creating a bankable project structure attractive to the private sector. To make the contracts bankable, the government, its advisors, and the World Bank worked to ensure a fair and attractive allocation of risk. Finally, part of the SREP grant will be used to buy down the tariff in remote islands, where more extensive PV penetration will likely require additional storage capacity. 2016-03-15T16:05:53Z 2016-03-15T16:05:53Z 2016-03 Brief http://documents.worldbank.org/curated/en/2016/03/26066134/rooftop-solar-maldives-world-bank-guarantee-scaling-up-renewable-energy-program-srep-facilitate-private-investment-clean-affordable-energy http://hdl.handle.net/10986/23948 English en_US Live Wire;2016/61 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief South Asia Maldives |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
TARIFFS ESCROW ACCOUNTING PEOPLE KILOWATT-HOUR PUBLIC-PRIVATE PARTNERSHIPS FINANCING DEFAULTS INTEREST GUARANTEES SUNSHINE INVESTMENT FUND GOVERNMENT GENERATION OPTION STRATEGIES LIQUIDITY ENTREPRENEURS MARKET SIZE LIQUIDITY RISK PRICE SOLAR PROJECTS NATIONAL GRID POWER SYSTEM CREDIBILITY IRRADIATION INTERNATIONAL FINANCE GENERATION CAPACITY SAVINGS CURRENCY POWER GENERATION ENERGY SOURCES SUSTAINABLE ENERGY NONPAYMENT AGREEMENTS CAPACITY CONTRACTS FINANCES PAYMENT MARKETS PRIVATE INVESTMENT INTERNATIONAL DEVELOPMENT CONFIDENCE SOLAR ENERGY ENERGY POLICY FUEL CONSUMPTION FINANCE POWER PRODUCERS POWER PURCHASE AGREEMENTS EXPENDITURE TRANSACTIONS AUCTIONS INTERNATIONAL STANDARDS GRANT TRANSACTION GOOD PROCUREMENT CAPITAL CLIMATE CHANGE POLICIES INVESTOR INTEREST PRIVATE INVESTOR ALTERNATIVE ENERGY UTILITIES POWER ELECTRICITY BANK RETURNS ALTERNATIVE ENERGY PROGRAM CLIMATE BIDS ESCROW ACCOUNT DEFAULT MARKET LEASE AGREEMENTS INSOLATION POLICY SOLAR POWER BIDDING ACCESS TO ELECTRICITY POWER PRODUCER GOODS INVESTOR INVESTMENT HOUSEHOLDS TARIFF DIESEL FUEL FUEL INFRASTRUCTURE FINANCE BID PRIVATE INVESTMENTS BOTTOM LINE INVESTMENTS LENDING BANK GUARANTEE AGREEMENT STRATEGY RENEWABLE ENERGY OUTREACH GOVERNMENTS DIESEL FUEL COST PHOTOVOLTAIC POWER APPROACH GUARANTEE PRICES CONVENTIONAL ENERGY BENEFITS POLITICAL RISK ENERGY |
| spellingShingle |
TARIFFS ESCROW ACCOUNTING PEOPLE KILOWATT-HOUR PUBLIC-PRIVATE PARTNERSHIPS FINANCING DEFAULTS INTEREST GUARANTEES SUNSHINE INVESTMENT FUND GOVERNMENT GENERATION OPTION STRATEGIES LIQUIDITY ENTREPRENEURS MARKET SIZE LIQUIDITY RISK PRICE SOLAR PROJECTS NATIONAL GRID POWER SYSTEM CREDIBILITY IRRADIATION INTERNATIONAL FINANCE GENERATION CAPACITY SAVINGS CURRENCY POWER GENERATION ENERGY SOURCES SUSTAINABLE ENERGY NONPAYMENT AGREEMENTS CAPACITY CONTRACTS FINANCES PAYMENT MARKETS PRIVATE INVESTMENT INTERNATIONAL DEVELOPMENT CONFIDENCE SOLAR ENERGY ENERGY POLICY FUEL CONSUMPTION FINANCE POWER PRODUCERS POWER PURCHASE AGREEMENTS EXPENDITURE TRANSACTIONS AUCTIONS INTERNATIONAL STANDARDS GRANT TRANSACTION GOOD PROCUREMENT CAPITAL CLIMATE CHANGE POLICIES INVESTOR INTEREST PRIVATE INVESTOR ALTERNATIVE ENERGY UTILITIES POWER ELECTRICITY BANK RETURNS ALTERNATIVE ENERGY PROGRAM CLIMATE BIDS ESCROW ACCOUNT DEFAULT MARKET LEASE AGREEMENTS INSOLATION POLICY SOLAR POWER BIDDING ACCESS TO ELECTRICITY POWER PRODUCER GOODS INVESTOR INVESTMENT HOUSEHOLDS TARIFF DIESEL FUEL FUEL INFRASTRUCTURE FINANCE BID PRIVATE INVESTMENTS BOTTOM LINE INVESTMENTS LENDING BANK GUARANTEE AGREEMENT STRATEGY RENEWABLE ENERGY OUTREACH GOVERNMENTS DIESEL FUEL COST PHOTOVOLTAIC POWER APPROACH GUARANTEE PRICES CONVENTIONAL ENERGY BENEFITS POLITICAL RISK ENERGY Kohli, Sandeep Braud, Arnaud Rooftop Solar in Maldives : A World Bank Guarantee and SREP Facilitate Private Investment in Clean and Affordable Energy |
| geographic_facet |
South Asia Maldives |
| relation |
Live Wire;2016/61 |
| description |
This guidance note talks about Rooftop
solar in Maldives. The Maldives Ministry of Environment and
Energy, with support from the World Bank and from the
Scaling Up Renewable Energy Program (SREP), a funding window
of the Climate Investment Fund,has designed a program
centered on solar photovoltaic (PV) rooftop installations to
take advantage of the Maldive's high insolation while
also coping with the scarcity of land. Expensive
diesel-fired generators operated by two state-owned
utilities keep the lights on in Maldives, an archipelago of
200 inhabited islands spread over 900 kilometers of the
Indian Ocean. But with the advent of affordable solar
technology, the islands’ abundant sunshine can be harnessed
for clean generation through private rooftop solar systems.
With World Bank support, an innovative guarantee structure
has been designed to attract private developers. The Asia
Sustainable and Alternative Energy Program at the World Bank
supported the development of the ASPIRE concept. ASPIRE’s
goal is to scale up solar PV generation from the present
level of 1.5 megawatts (MW) to between 20 and 40 MW over the
next five years by creating a bankable project structure
attractive to the private sector. To make the contracts
bankable, the government, its advisors, and the World Bank
worked to ensure a fair and attractive allocation of risk.
Finally, part of the SREP grant will be used to buy down the
tariff in remote islands, where more extensive PV
penetration will likely require additional storage capacity. |
| format |
Brief |
| author |
Kohli, Sandeep Braud, Arnaud |
| author_facet |
Kohli, Sandeep Braud, Arnaud |
| author_sort |
Kohli, Sandeep |
| title |
Rooftop Solar in Maldives : A World Bank Guarantee and SREP Facilitate Private Investment in Clean and Affordable Energy |
| title_short |
Rooftop Solar in Maldives : A World Bank Guarantee and SREP Facilitate Private Investment in Clean and Affordable Energy |
| title_full |
Rooftop Solar in Maldives : A World Bank Guarantee and SREP Facilitate Private Investment in Clean and Affordable Energy |
| title_fullStr |
Rooftop Solar in Maldives : A World Bank Guarantee and SREP Facilitate Private Investment in Clean and Affordable Energy |
| title_full_unstemmed |
Rooftop Solar in Maldives : A World Bank Guarantee and SREP Facilitate Private Investment in Clean and Affordable Energy |
| title_sort |
rooftop solar in maldives : a world bank guarantee and srep facilitate private investment in clean and affordable energy |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/03/26066134/rooftop-solar-maldives-world-bank-guarantee-scaling-up-renewable-energy-program-srep-facilitate-private-investment-clean-affordable-energy http://hdl.handle.net/10986/23948 |
| _version_ |
1764455244843974656 |