🌍 Rolling out Africa’s Continental Masterplan: The Role of Energy Tendering Systems 🗓 11 September 2024 11:00-13:00 CET 💻 Link to register https://lnkd.in/e_5Y6-XV Join the 16th Africa-EU Energy Partnership (AEEP) Energy Talks to delve into the vital role of energy tendering systems in shaping Africa's sustainable energy future. The event will feature insights from the latest SRMI report, Driving Growth: Effective Renewable Energy Tendering, led by our partner GET.transform. The report highlights the importance of renewable energy auctions in enhancing competition and ensuring project success across the continent. You'll also hear from leading experts: 🔹 Ene Macharm, Head of Global Partnerships, GET.transform 🔹 Olakunle Alao, Ph.D Alao, Researcher, University of Cape Town’s POWER FUTURES LAB 🔹 Karembu Antony Karembu, Principal Investment Officer, African Development Bank Group 🔹 Claire Nicolas Nicholas, Senior Energy and Climate Change Economist, ESMAP - Energy Sector Management Assistance Program, World Bank #EnergyTransition #Renewableenergy #Africa #RenewablesinAfrica #AfricaEUPartership #REtenders #EnergyinAfrica #SDG7
Sustainable Renewables Risk Mitigation Initiative
International Trade and Development
A partnership to accelerate sustainable investments in renewables.
About us
Launched in 2018, the Sustainable Renewables Risk Mitigation Initiative (SRMI) is a partnership of the World Bank’s Energy Sector Management Assistance Program (WB-ESMAP), the African Development Bank (AfDB), the Asian Development Bank (ADB), the Agence Française de Développement (AFD), the International Renewable Energy Agency (IRENA), the International Solar Alliance (ISA), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), and Sustainable Energy for All (SE4all). SRMI supports countries in building a pipeline of bankable renewable energy (RE) projects leveraging private investments while maximizing socioeconomic benefits. To unlock this pipeline, SRMI provides a comprehensive methodology from the government’s perspective, and mobilizes the financing needed to implement it. The methodology includes a series of important steps to deflate the critical risks perceived by the private sector while minimizing the cost for the public sector. SRMI identified key risks that are inhibiting private investment mobilization in renewable energy – such as foreign exchange (FX), legal, procurement, grid reliability, utility bankability etc. – and came up with solutions for each risk, in a comprehensive package, leveraging existing instruments and developing new ones. SRMI offers an integrated package including grant-based technical assistance, Development Financing Institution (DFI) and climate financing for critical public infrastructure and risk mitigation instruments. Advisory services aim to lay the foundation for robust procurement processes tackling legal and governance risks; support to craft generation and transmission plans and finance critical grid infrastructure aim to tackle the curtailment and planning risks; and to cover the residual risks, particularly utility bankability, SRMI leverages DFI and climate risk mitigation instruments and the World Bank-SRMI Financial Innovation Facility.
- Website
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https://esmap.org/sustainable_renewables_risk_mitigation_initiative
External link for Sustainable Renewables Risk Mitigation Initiative
- Industry
- International Trade and Development
- Company size
- 51-200 employees
- Type
- Partnership
- Founded
- 2018
- Specialties
- Renewable Energy, Climate Finance, Risk Mitigation, Solar, Wind, Geothermal, Investment, Development Finance, International Development, and Energy Transition
Updates
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In an ever-changing global market, clean energy investments stand out as a source of stability and growth. A recent study from Pusan National University in Korea highlights the interconnectedness of clean energy markets and global stock markets, revealing significant spillovers from major indices like the SP500 to Japan's Nikkei225 and the Global Clean Energy Index. Diviserfying energy portfolios and investing in clean energy assets is an effective hedging tool during times of fluctuating markets. https://lnkd.in/eRwkcBVx Image credit: Professor Sang Hoon Kang from Pusan National University, Korea #CleanEnergyInvestments #RenewableEnergy #EnergyTransition #MarketStability #Sustainability #Sustainableinvesting
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SRMI Partner African Development Bank Group has an ambitious initiative that aims to bring energy to one of the least developed countries in the world. By harnessing the Shael region's immense solar potential, the Desert to Power Initiative seeks to generate 10 GW of renewable energy power by 2030 and bring access to electricity for 250 million people. Read more about it here: https://lnkd.in/dmiWSRZT. #RenewableEnergy #EnergyforDevelopment #SDG7 #EnergyAccess #EnergyTransition #Africa #Sahel #RenewablesinAfrica
The African Development Bank's Desert to Power Initiative
afdb.org
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Sustainable Renewables Risk Mitigation Initiative reposted this
The first-ever high-level summit to discuss the progress, opportunities, and challenges of tripling #renewableenergy globally by 2030 and advancing the global #energytransition will be held in September. This event organized by Global Renewables Alliance and Bloomberg Philanthropies in close collaboration with Sustainable Energy for All (SEforALL), International Energy Agency (IEA), International Renewable Energy Agency (IRENA), Center on Global Energy Policy, as well as the governments of #Barbados and #Kenya, the European Commission, COP28 UAE and COP29 Azerbaijan Presidencies will mobilize momentum on global #renewableenergy priorities. Find out more here: https://lnkd.in/dhYFnDqF
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The United Nations issued a new global road map for energy transition. The roadmap urges governments, businesses and all stakeholders to step up and drive the global energy transition forward through transformational partnerships. SRMI is proud to further catalytic partnerships that create impact. Together, our partners have leveraged USD 17 billion in private investments, empowered 30 GW of renewable energy, and improved energy access for 100 million people. #Energypartnerships #Energytransition #RenewableEnergy #Decarbonisation #SDG7 #partnerships #energyaccess
UN Secretary-General issues new global roadmap to secure clean energy access for all by 2030 and net zero emissions by 2050 | United Nations
un.org
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🌍 Big news for Botswana! 🌞 The World Bank’s Board approves its first renewable energy project in Botswana. This new World Bank project will finance the necessary grid investment and Botswana’s first 50MW utility-scale battery energy storage system to enable the first wave of renewable energy generation to be smoothly integrated and managed in the grid. SRMI is proud to have played a role in mobilizing $30 million loan and a $4 million grant from the Green Climate Fund to support the Botswana Renewable Energy Support and Access Accelerator (RESA) Project. https://lnkd.in/etpmqpGk Satu Kahkonen Nadia Taobane Sabine Cornieti Claire Nicolas Zijun Li #RenewableEnergy #Botswana #energytransition #BESS #Solar #cleanenergy #greeninfrastructure #SDG7 #3xrenewables
World Bank Supports Botswana to Enhance Renewable Energy and Improve Electricity Services
worldbank.org
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Today, our partners, the International Renewable Energy Agency (IRENA) and ESMAP - Energy Sector Management Assistance Program, along with the government of Malawi, hosted a side event at the UN High-Level Political Forum for Sustainable Development, focusing on International Collaboration for De-risking Investment and Mobilizing Finance to achieve SDG 7. Key Takeaways: 🔑 Access to Finance: Addressing the high cost of capital and lack of bankable projects is critical for private finance in achieving SDG 7. However, financial aspects alone don't cover all contexts, as SRMI partners' analyses show. 💡 Innovative Solutions: Increased public finance and innovative solutions by MDBs and development partners are crucial to unlocking investment. Financial innovation is needed to accelerate private financing for clean energy, tackle residual risks, and support innovative technologies. 🔒 Risk Mitigation: Risk mitigation and collaboration are essential to develop bankable projects and attract investments. De-risking must be reconceptualized to go beyond financing risks if we are to achieve SDG 7 and all SDGs. Many thanks to Raul Alfaro-Pelico for the excellent moderation and to Raihan Elahi, Anita Otubu, Minoru Takada Miquel Muñoz Cabré Riad Meddeb, and Jasmin Haider for the insightful contributions. #SDG7 #SustainableDevelopment #RenewableEnergy #FinancialInnovation #GlobalCollaboration #energytransition #climatefinance #riskmitigation #SRMI #UNEnergy
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Sustainable Renewables Risk Mitigation Initiative reposted this
📢 Happening tomorrow Together with The World Bank Energy, International Renewable Energy Agency (IRENA) will be hosting a side event to underscore current challenges, successful strategies, and priorities for scaling up investments towards achieving affordable, reliable, #sustainable, and modern energy for all by 2030. The event will be open to the attendees of United Nations's High Level Political Forum 2024. Learn more and join us👇 https://lnkd.in/gEKxHZCu
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Offshore floating solar is the future for the small islands development states we work in. Great innovation happening! #floatingoffshoresolar #SRMI #SIDS
I’m floating on… water… with the news that RWE and SolarDuck have successfully installed the offshore floating solar pilot project, Merganser, in the Dutch North Sea. Offshore floating solar technology offers huge potential for offshore renewable energy – especially in areas that have lower wind speeds but lots of sunlight. However, taking this technology offshore means needing to withstand tough conditions. This pilot project is a pivotal opportunity for gaining critical, unique insights and first-hand experience. Consisting of six interconnected platforms in a unique triangular shape, Merganser floats several metres above the water. Merganser has a capacity of 0.5 megawatt peak and is located in the Dutch North Sea, approximately 12 kilometres off the coast of Scheveningen. We will be testing all aspects of its structural, mooring, and electrical designs to deepen our knowledge about manufacturing, assembly, installation and maintenance processes required for large-scale commercial deployment. A huge well done to everyone from #TeamRWE, SolarDuck and all involved partners for this brilliant feat. As we now take the next steps, beginning technical and environmental monitoring, I am extremely excited to see what this will reveal about this innovative technology.
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🌟Cool Job Alert🌟 Passionate about renewable energy and sustainable development? Join the SRMI Team at the World Bank based in Paris, France! 📌Why Apply? Lead innovative renewable energy projects worldwide. Collaborate with global experts and influential partners. Drive impactful change in developing countries. 🗓 Deadline to apply: July 8, 2024 🔗 Posting and to apply https://lnkd.in/ezkkuySY #CareerOpportunity #RenewableEnergy #CleanEnergyJobs #Internationaldevelopment #Globaljobs
Now hiring: E T Consultant!
worldbankgroup.csod.com