PACIFIC GEOTHERMAL INITIATIVE 6th MEETING OF THE PACIFIC ENERGY ADVISORY GROUP 16-18 NOVEMBER 2015...
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Transcript of PACIFIC GEOTHERMAL INITIATIVE 6th MEETING OF THE PACIFIC ENERGY ADVISORY GROUP 16-18 NOVEMBER 2015...
PACIFIC GEOTHERMAL INITIATIVE
6th MEETING OF THE PACIFIC ENERGY ADVISORY GROUP
16-18 NOVEMBER 2015SPC, NABUA
Context
• Geothermal potential identified in: Fiji, Vanuatu, Samoa, Solomon Islands,
Papua New Guinea, American Samoa, Marianna Islands and Tonga
• Various stages of national and regional geothermal activities since the Mid
90s Regional geothermal survey Feasibility studies and to some extent some exploratory drilling for
some of the identified PICTs
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Rationale • Regional vision of “an energy secure Pacific” and working towards the goal of
a “secured supply, efficient production and use of energy for sustainable
development
• FAESP 2010 – 2020 has identified geothermal energy as one of the potential
renewable energy sources under Theme 3 – Energy Production and Supply
• Geothermal exploration is most of the PICTs is covered under the Minerals
and/or Geological related legislations
• Many PICTs are of volcanic origin and therefore present a significant potential
of economically viable geothermal resources.
Rationale
• Detailed scoping of geothermal potential and supporting each PICT
strengthen their respective institutional capacities:- policy and regulatory enabling environment geo-scientific disciplines in general and geothermal energy projects
SPC – GSD currently hosts the Pacific Geothermal Working Group that
includes PNG, Solomon Islands, Vanuatu, Fiji, Tonga, Samoa, American
Samoa and the Marianna Islands
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CHALLENGES FOR GEOTHERMAL DEPLOYMENT
Absence or the lack of adapted
legislation/policy
Risk management
Land issues
Limited human resources
Lack of awareness on geothermal
Dependence on development assistance
IRENA-GGA’s Proposal: Pacific Geothermal Initiative
• Capacity building and technical assistance initiative for geothermal
development in the Pacific: “Pacific Geothermal Initiative”
• Activities implemented through national steering groups in
collaboration with the Secretariat of the Pacific Community (SPC-GSD,
EDD)
• IRENA, the Global Geothermal Alliance, and other partners to
support activities implementation
A recommended two phased approach
Phase II: Direct technical assistance and training activities
Building capacity at the Institutional, technical
expertise and enterprises levels for an enabling
environment
Definition of pilot projects and building of skills to manage
enabling policies and regulations
Geothermal mining operations, hydro-geological as well as
geothermal research and project implementation
Phase I: Setting-up of steering processes and scoping of needsInstitutionalizing national and regional energy technical committees with the
mandate and the institutional capacity to lead the assessment of needs at the policy, technological and capacity levels.
Simultaneous actions at the regional and national levels
Regional perspective
Promotion of bilateral and multilateral partnerships
regionally and internationally
Policy consensus and capacity building
National perspectiveTechnical assistance and
capacity building to national institutions and industry
partners
Advanced level of geothermal awareness, site identification, exploration
and drilling abilities
Pacific Geothermal Initiative – Actions
Action 1:
Strengthening the National
Steering processes
Action 2:
Strengthening the regional
steering processes
Action 3:
Policy, Technical and Capacity
needs assessment and
partnerships setting
Action 4:
Prefeasibility analysis and
regional geothermal
implementation plan
Action 5: Institutional
technical support to
governments
Action 6:
Education and Training
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Phase 1 Phase 2
Q4 - 2015 Q1 - 2016 Q2 - 2016 Q3 2016 – Q4 2017
The Global Geothermal Alliance (GGA)
• The Global Geothermal Alliance (GGA) brings together leading
geothermal countries as well as several private and public partners
• GGA to help with the coordination of global efforts for the
improvement of: Geothermal exploitation Mitigating risks Addressing the awareness Targeted capacity building Project identification and support needed by countries
• IRENA hosts the GGA secretariat
IMPLEMENTATION PARTNERS
GGA MEMBERSHIP AS OF 12 NOVEMBER 2015
MEMBER COUNTRIES
• Africa: Burundi, Djibouti, Egypt, Kenya, Uganda, Tanzania, Zimbabwe• Asia: Indonesia, Malaysia, Pakistan, Philippines• Europe: France, Iceland, Poland, Turkey • America: Bolivia, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras,
Mexico, Nicaragua, Peru• Small islands: Fiji, Saint Vincent and the Grenadines, Tonga, Papua New Guinea,
Vanuatu PARTNER INSTITUTIONS
• Development partners: African Development Bank (AFDB), African Union Commission (AUC), Inter-American Development Bank (IDB), Eastern Africa Power Pool, International Renewable Energy Agency (IRENA), New Partnership for Africa’s Development (NEPAD), Nordic Development Fund, Southern African Power Pool, United Nations Environment Programme (UNEP), World Bank – Energy Sector Management Assistance Program (ESMAP)
• Industry: European Geothermal Energy Council, International Geothermal Association
• Geothermal research institutions and academia: Andean Geothermal Centre of Excellence of Chile, Serbian Geological Society, Energy Institute Hrvoje Pozar
SUPPORTING TOOLS AND PLATFORMS
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Renewable energy project facility now open for applications!The International Renewable Energy Agency (IRENA) and Abu Dhabi Fund for Development (ADFD) Project Facility online portal is now open to receive applications for funding in the fourth project selection cycle.
For each cycle, the joint facility provides a total of around USD 50 million and USD 5 to USD 15 million per project, covering up to 50% of the project costs. The joint facility offers this finance at rates from 1% to 2% with a 20-year loan period, including a 5-year grace period.
Projects seeking funding need to be sustainable, replicable, scalable, innovative and transformative, in line with government priorities and backed by a government guarantee.
Deadline for online submission of applications for the fourth annual funding cycle is 15 February 2016, 17:00 GST (Abu Dhabi time).
For more information about the project facility, please refer to this information note, visit http://www.irena.org/adfd or contact [email protected]
You are encouraged to forward this information to stakeholders that may be interested in applying to the IRENA/ADFD Project Facility.
IRENA-ADFD FACILITY
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PROJECT NAVIGATOR
Sustainable Energy Marketplace www.irena.org/marketplace
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Marketplace
Project Owner CProject Owner BProject Owner A
Project 3Project 2
Project 1
Project 6Project 5
Project 4
Project NProject 8
Project 7
Private Equity
Commercial Banks
Utilities Industrials / IPP
Public FinanceECAs
GuaranteeLoanMezzanineEquity Grant
Service providers
Technical
Financing
EPC, O&M
Legal
GovernmentsProjects
ExpertiseEnabling
environment, facilitation
Financing
Enabling frameworks
Investment opportunities
Country level facilitation
Other
GLOBAL RENEWABLE ENERGY ISLANDS
NETWORK
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http://irena.org/globalatlasActivities under the SIDS LHI
http://grein.irena.org/default.aspx
GLOBAL ATLAShttp://irena.org/
globalatlas
OTHER TOOLS AND DATABASES
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IRENA RESOUCEhttp://resourceirena.irena.org/gateway/
http://www.iea.org/policiesandmeasures/renewableenergy
/
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• 120 megawatts (MW) of new renewable energy deployment and all
participating SIDS to have renewable energy roadmaps by 2020.
• Facilitates and coordinates access to resources required by SIDS to
transform their fossil fuel based power sectors to renewable energy
through partnerships with development partners
• SIDS partners in the AIMS, Caribbean and Pacific regions, gain access
to: Policy and regulatory advisory services Technical expertise in planning, identifying, structuring, and executing
projects Financing for capacity building, policy and regulatory design, early stage
transaction, and project financing Network to share information, knowledge and practices with other members
VINAKA VAKALEVU
Arieta Gonelevu RakaiProgramme Officer, Islands IRENA Headquarters, Masdar City | P.O. Box 236 | Abu Dhabi, United Arab Emirates | Tel: +97124179995 | Mob: +97156 538 8243 | [email protected] | www.irena.org