Expanding self supply renewable energy systems in Chile
Description
| Overview | |
|---|---|
| Sector | Energy |
| Focus area | Renewable energy (unspecified) |
| Type of action | Strategy/Policy |
| Scope | National |
| Stage | Implementation |
| Submitted to UNFCCC registry | Yes |
| Start of initiative | 2012 |
| Financing and support details | |
|---|---|
| Financing status | Seeking financing |
| Total cost | US$ 60 mln |
| Financing requested |
(no data)
|
| Financing received to-date | US$ 17.9 mln |
| Principal source of financing | Not known |
| Principal type of financing | Grant |
| Capacity building required | Yes |
| Technology transfer required | Yes |
| Additional information | |
|---|---|
| Proponent(s) | Ministry of Environment; Economic Development Agency (CORFO); International Cooperation Agency (AGCI); Ministry of Energy; Centre for Innovation and Promotion of Sustainable Energy (CIFES) |
| International funder(s) | KfW, NAMA Facility |
| Organization providing technical support | GIZ |
| Contact |
(no data)
|
The objective of the NAMA is to reduce greenhouse gas emissions by fostering renewable energy systems in small and medium-sized businesses.
Activities: (2013 - 2019)
The objective of the NAMA is to reduce emissions by fostering self-supply renewable energy projects and contribute to the long-term development of the renewable energy industry in Chile. The NAMA will achieve the objectives through a comprehensive programme of measures to remove barriers and incentivize SSRE investments with three components: a financial component, a technical support component and an outreach component.
The project has been developed to remove barriers and incentivise the incorporation of decentralised renewable energy systems in private and public infrastructure in the short term. To counter the lack of incentives and experience among project investors and financial institutions in financing these energy systems, the NAMA Support Project will provide co-financing for feasibility studies, for investment grants to set up these systems, and for training and advisory services to improve the financial sector’s understanding of such systems. Furthermore, a guarantee fund will be set up in order to support the provision of loans by financial institutions.
In view of a lack of awareness, capacities and experience among potential users as well as service and technology providers, the NAMA Support Project will also raise awareness and build local capacities by conducting training and workshops for stakeholders in the private and public sectors, by providing technical support through a technical help desk, by supporting knowledge exchange, and by supporting the development of a greenhouse gas inventory for the small-scale energy sector.
Impact and MRV
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| Cumulative GHG reductions: 13.6 MtCO2e |
|---|
It is expected that the NAMA will build mitigative capacity through the expansion of renewable energy in Chile and the build-up of institutional capacities to undertake further projects in the future. Specifically through activities that:
- Build human resources to support the industry
- Fuel industry development and growth
- Raise awareness and demand for renewable energy projects"It is expected that the NAMA will build mitigative capacity through the expansion of renewable energy in Chile and the build-up of institutional capacities to undertake further projects in the future. Specifically through activities that:
- Build human resources to support the industry
- Fuel industry development and growth
-
Raise awareness and demand for renewable energy projects" cannot be used as a page name in this wiki.
Co-benefits:
| Social: | Creation of jobs through renewable energy projects financed by the NAMA |
|
| Economic: | Reductions in energy usage and costs and improvement of energy security at the national level. |
|
| Environmental: | Reductions in environmental pollutants, noise and noxious odours from project sites |
MRV Framework: (2014 - 2022)
The first step in the MRV process for a renewable energy project financed by the NAMA would be to complete a standardized baseline calculation sheet according to the type of project being undertaken. These worksheets would be published in advance and made available in an easy‐to‐use format such as MS Excel. The tool would estimate the emission reduction potential of a project and calculate emission factors for a reference and a mitigation scenario. All applicants would need to submit the worksheet with their application for funding. If funding is granted, the following steps would be undertaken:
- The reference and mitigation scenario emissions factors for an installation would be stored in a centralized database. Installations would be identified with unique ID numbers.
- Meters would be installed that would measure electricity, heat production or both. This data would be reported on a predetermined basis.
- GHG impacts would be calculated by multiplying activity data with emission factors for the reference and mitigation scenarios of all installations under the programme.
- Non‐punitive corrective measures would be taken if installations are not performing according to a specified standard.
- Random audits would be undertaken annually for a percentage of the installations to verify data
