Enabling Distributed Solar Power in the Philippines
Description
| Overview | |
|---|---|
| Sector | Energy |
| Focus area | Renewable energy (solar) |
| Type of action | Strategy/Policy |
| Scope | National |
| Stage | Under development |
| Submitted to UNFCCC registry | No |
| Start of initiative | 2017 |
| Financing and support details | |
|---|---|
| Financing status | Seeking financing |
| Total cost | EUR 75 mln |
| Financing requested |
(no data)
|
| Financing received to-date |
(no data)
|
| Principal source of financing | Multilateral |
| Principal type of financing | Grant |
| Capacity building required | Yes |
| Technology transfer required | Yes |
| Additional information | |
|---|---|
| Proponent(s) | Department of Energy |
| International funder(s) | UK and Germany |
| Organization providing technical support | Center for Clean Air Policy (CCAP) |
| Contact |
(no data)
|
The objective of the NAMA is to accelerate the penetration of new distributed Solar Power by reducing technology risks, lowering transaction costs, and creating financing options for Distribution Generation PV customers and third parties.
Activities: (2017 - 2040)
The Philippines’ energy sector is heavily reliant on fossil fuels, and is the largest contributor to national GHG emissions. The Distributed Solar Power NAMA Support Project is embedded in the Philippines’ Intended Nationally Determined Contribution (INDC), which targets a 70% reduction of GHG emissions below business as usual (projected from 2000) by 2030 and identifies the energy, transport, waste, forestry, and industrial sectors as key contributors to reaching this goal.
Barriers for higher penetration levels of distributed generation photovoltaic or self-supply include banks and leasing companies being reluctant to offer reasonably priced, reasonably termed, standardized, financing products due to perceived market and technology risks, and the perception that the market is too small, in particularly outside the Metro Manila.
Planned activities include:
- streamlining the permitting process
- accrediting installers
- creating a technology certification program
- supporting the development of an initial pipeline of projects to help low grid-impact projects to come online
- building the financial sector capacity to evaluate distributed PV projects and bring a variety of financing options for DG PV customers.
The United Kingdom and Germany have pre-selected 7 NAMA Support Projects, including this NAMA in the Philippines, from the NAMA Facility’s 4th Call. These projects will receive funding by Germany and the UK of up to € 60 million to prepare their preparation development phase. Decisions on funding for implementation will be taken after the assessment of these proposals.
Impact and MRV
|
| Cumulative GHG reductions: 1.8 MtCO2e |
|---|
No information has been provided on mitigative capacity
Co-benefits:
| Social: | Information has not been provided |
|
| Economic: | Information has not been provided |
|
| Environmental: | Information has not been provided |
MRV Framework:
No MRV plan has been defined
