WISIONS of Sustainability
Our mission is to empower individuals and communities to transform the production and use of energy so that it effectively enables sustainable development. Read more about WISIONS activities, goals and background.
Financing Renewable Energy in South East Asia: Insights From Practitioners
News from WISIONS posted on May 2nd, 2018
This knowledge exchange activity aimed to explore and share successful financial models, as well as to identify the specific factors that make different models relevant and replicable in their context. The main insights and lessons learned during the event are as follows:
- Renewable energy entrepreneurs and financiers greatly appreciated the workshop as it provided a unique opportunity to exchange insights and experiences with other stakeholders in the sector. The workshop was uniquely designed to cater to the attendees. The discussions and events specifically focused on identifying gaps in existing financial tools and specific barriers that limit access to finance in the region.
- Several region-wide trends were discussed during the conference. From the perspective of the entrepreneurs, challenges to accessing finance are often linked to the lack of flexibility of traditional financiers and the limited suitability of products offered. Entrepreneurs also identified a lack of awareness or understanding of existing financial options as an issue. From the investor perspective, the main barriers to providing finance to entrepreneurs include the entrepreneurs’ lack of financial literacy and a misalignment of risk and return expectations.
- Overall, the attendees were generally optimistic that financing options across the region would improve. Several successful and innovative financing schemes have been developed that can serve as models for replication in other locations and sectors. These schemes, and any new ones, would still have to be tailored to the specific geography and sector due to the inherent uncertainty in most developing regions. There is no doubt that additional capital is needed to continue supporting the work of energy entrepreneurs.
Following the event success, Nexus will continue to create opportunities for dialogue to foster mutual understanding and improved collaboration among like-minded entrepreneurs and financiers. Nexus will continue mapping and monitoring financing schemes for clean energy in the region and hopes to inspire innovation and, ultimately, to increase investment levels for the benefit of energy entrepreneurs working for the sustainable development of Southeast Asia.
Download the full study: Financing Renewable Energy in South East Asia
Meet The WISIONS Team At The Sustainable Energy For All Forum in Lisbon, Portugal
News from WISIONS posted on April 26th, 2018
Leaders from government, business, civil society and international organisations will gather from 2-3 May 2018 in Lisbon, Portugal for the fourth Sustainable Energy for All Forum.
The 2018 Forum, “Leaving No One Behind”, will take place at a pivotal juncture for accelerating progress on global sustainable energy goals – under Sustainable Development Goal (SDG) 7 – and the Paris Climate Agreement. At stake are significant populations that are missing out on education, health, jobs and broader economic opportunities because they do not have access to clean, affordable energy. Closing these energy gaps – especially for ‘last mile’ populations – is the Forum‘s imperative.
The agenda will focus on sharing the latest evidence of scalable innovations in providing electricity access, accelerating renewable energy and improving energy efficiency in all corners of the world. It will shine a spotlight on the urgency for bringing affordable, reliable, sustainable and modern energy to under-served populations, communities and regions that are at risk of being left behind in the global clean energy transition. These populations are especially vulnerable to energy poverty, climate impacts and other extreme economic challenges; yet they also lack a voice, finance and political capacity for changing their situation.
If you would like to attend, you may register here.
What If The Grid Arrives? How Off-Grid Renewable Energy Projects Have Adapted To Grid Arrival
News from WISIONS posted on April 24th, 2018
Chris Greacen, Palang Thai (further links to his books, see below)
Rebecca Leaf, Association of Rural Development Workers Benjamin Linder (ATDER-BL, Nicaragua)
Junaed Tazdik, IDCOL Assistant Manager, SHS Program
Mafruda Rahman, Green Climate Fund (GCF) unit of IDCOL
You can find the recorded webinar below and all the individual slides of the recording above are also available here: WISIONS Webinar GridArrival All ppts190418light
How can small-scale renewable energy projects adapt and plan for national grid expansion? What will become of these stand-alone renewable energy systems or micro-grid solutions? Will they sustain and survive? Can and shall they become connected to the grid? What are preconditions and challenges? And how can communities with off-grid systems best plan and prepare for this possibility?
In principle, off-grid mini-grids powered by micro-hydro, solar PV or by combination of renewable energy technologies (hybrid generation) can be connected to the national grid. However, many technical, regulatory, and management challenges remain. For other solutions, such as solar home systems, the question is whether they are sustainable and might be a good and independent alternative to the grid – especially if the grid does not offer stable service. In the worst case, however, the grid's arrival can lead to the abandonment of off-grid systems and a loss not only of the financial and resource investments, but possibly also of jobs, technical know-how, and autonomy.
What will become of these stand-alone renewable energy systems or micro-grid solutions? Will they sustain and survive? Can and shall they become connected to the grid? What are preconditions and challenges? And how can communities with off-grid systems best plan and prepare for this possibility?
Links to linked literature: