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
Demonstrating The Potential Of Integrating A Micro Hydro Solar Hybrid System With The National Grid
News from WISIONS posted on April 18th, 2018
In India, evidence shows that villagers often choose to adopt a connection to the grid. Interconnection of the micro-grids with the national grid can offer local people a more reliable electricity supply, can ensure the sustainability of micro-generation systems and may provide an opportunity for operators or the local community to increase revenue by selling surplus electricity to the utility company.
WISIONS' project partners Ashden India Renewable Energy Collective (AIREC) have completed their activities, which started in October 2015. These included:
- Successful awareness-raising activities within the communities
- The technical assessment of an existing micro hydro plant
- The design and supply of a 5 kW solar PV power plant
- Various civil works (renovation of micro hydro plant, installation/connection of solar PV power plant)
- The design and supply of an intelligent circuit controller system (managing the available electricity)
- The connection to a 415 V Main Board to support grid connectivity
This is the first project of its kind in India (integrating a very small hydro project with a) solar technologies and b) the national grid). The successful demonstration of this system will facilitate the replication of such plants in other states in India.
Workshop: A Country Level Market Assessment for Small Wind Turbines in Nepal
News from WISIONS posted on April 9th, 2018
Wind has historically struggled to find a place in rural electrification in Nepal, being often overshadowed by hugely successful micro-hydro power and a recent widespread use of solar photovoltaic systems. Meanwhile, the country does exhibit significant wind resources, especially in the immense mountaineous regions that dominate the north of the country.
This SEPS project aims to quantify the potential market in Nepal, while identifying the existing barriers and bottlenecks to growth. Once these barriers are identified KAPEG hopes to formulate and implement recommendations and guidelines to improve the enabling environment for small wind stakeholders.
The project is being conducted in three phases:
- Stakeholder interview campaign (identifying difficulties in planning, implementation and maintenance)
- Geospatial and techno-economic modelling (to quantify the market potential and identify suitable locations)
- Stakeholder engagement workshop (to draw on previous results to make final recommendations)
Recently, the project team has conducted the stakeholder interviews in Kathmandu; finished visiting six wind solar hybrid systems across Nepal while collecting data from the end users; and accumulated most of the data necessary for the market assessment (like available wind and solar resources, population data, etc.).
All the collected data are currently being analysed and will be presented at a final market assessment workshop on 18th April 2018 from 9:30am to 3:10pm (Nepal time) at Yalamaya Kendra, Patandhoka, Lalitpur, Nepal. If you would like to attend, please register here.