Financing renewable energies. The role of the banking sector

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Financing renewable energies. The role of the banking sector"

Transcription

1 Financing renewable energies The role of the banking sector Milan, 20 June 2014

2 UniCredit at a glance Key figures (March 2014) UniCredit is a leading European commercial bank with an international network, presence and broad customer base 17 European countries more than 7,900 branches over 131,000 employees Spanning 50 markets - one of the Western and Eastern Europe highest market shares Operating income 5,578 Operating profit 2,068 Net profit (loss) 712 Shareholder equity Common Equity Tier 1 Ratio 47, % Tier 1 Ratio 10.58% Total capital Ratio 14.21% Employees 131,333 Branches 7,921 Total assets 841,623 2

3 UniCredit and the Environment Operations impacts Lending impacts Control of impacts directly related to our business (overall insignificant compared to other industrial sectors) Managing indirect impacts from external actors that can be influenced through targeted choices Real Estate Group Credit Policies GHG EMISSIONS ICT Mobility Management Green Procurement FINANCED EMISSIONS Position on renewable energy or other tech. Green Products Integration of credit models 3

4 UniCredit and Climate Change operations impacts 2020 Target: - 30% CO2 emissions (2008 baseline) 2012 Interim Target : - 15% CO2 emissions (2008 baseline) -21% 4

5 UniCredit and Climate Change lending impacts Underlying logic Direct consequences on our clients in case of a 2 scenario Methodology Distributing budget from different industrial sectors and regions 5

6 Natural Capital Declaration A declaration by the financial sector demonstrating our commitment at the Rio+ 20 Earth Summit to work towards integrating Natural Capital considerations into our financial products and services for the 21st century. Since virtually every economic activity can have an impact on natural capital either directly or indirectly, through a supply chain, financial institutions have considerable indirect ecological footprints through their customers and directly through their purchasing decisions. These impacts can lead to material financial risks, but also to relevant business opportunities. 6

7 UniCredit and renewable energy financing 2013 Renewable energy loans portfolio 8.5 billion R.E. Portfolio by Technology R.E. Portfolio by Subgroup Other 9% Poland 0,3% CEE 13% Austria 11% Wind 34% Solar 57% Germany 29% Italy 47% 7

8 UniCredit and renewable energy financing UniCredit Bank AG - Ocean Breeze Energy (Bard Offshore 1) Offshore wind farm 100 kilometers off the coast 2010: connection to the grid 2013: project completion 400 megawatts of installed capacity in the North Sea The largest wind farm in Germany s exclusive economic zone 1,600 GWh/year at full operation Meets the electrical needs of about 400,000 households Electricity generated currently exceeds the electrical needs of UniCredit Bank AG The wind farm is designed to respect the surrounding ecosystem 8

9 UniCredit and renewable energy financing Renewable energy sources - Electrical Purchase and installation of Solar, Hydro, Wind, Geothermal, Biomass, Biogas plants Target: Condominiums, Enterprises, Agricultural enterprises Renewable energy sources - Thermal Purchase and installation of Solar, Geothermal, Biomass, Biogas plants, Heat pumps Target: Condominiums, Enterprises, Agricultural enterprises Energy efficiency Energy efficiency measures (LED lighting, electric motors replacement, installation of cogeneration plants, etc. ) Target: Condominiums, Enterprises, Agricultural enterprises 9

10 Renewable energy financing 2013 business volumes Sources Target Number of financed plants Total power (MW) Average duration (years) Total volume Renewable energy (Solar) Retail/small business Public sector 285 Between 1 and 3 MW Renewable energy (Hydro, Wind, Geothermal, Biomass, Biogas plants) Retail/small business Public sector 27 Between 4 and 20 MW

11 Renewable energy products - overview Products Financing delivery mode Contractual mode Renewable energy sources - Electric (Solar) Renewable energy sources Electric (Geothermal, Wind, Biomass, Biogas) Renewable energy sources - Thermal Work progress status Single solution - Work progress status Single solution - Work progress status Unsecured Asset backed Unsecured Asset backed (only for biomass and biogas plants) Unsecured Energy efficiency (e.g. lighting, cogeneration) Single solution Unsecured 11

12 Joint Venture with WWF Italia - Officinae Verdi Officinae Verdi S.p.A. is a joint venture bewtween UniCredit and Fondazione WWF Italia It integrates network capacity and financial sustainability, quality and technological capability to offer integrated products and services, based on renewable energy-efficiency and carbon management, for families and businesses Officinae Verdi Business volumes Sectors Retail - Family Retail - SME Industrial Due Diligence (technical advisory on projects) Installed/ managed power 0,53 MW 0,6 MW 2,9 MW 9,2 MW 12

13 Joint Venture with WWF Italia - Officinae Verdi Activities Retail sector (Family + SME) Industrial sector Technical & Financial Advisory Energy efficiency (UC business operations) 1.13 MW PV plants Energy efficiency plants 2013 Highlights No. 3 PV plants - 3 MW Consulting and carbon-energy audits for sector leaders enterprises (Mutti, Danone, Sofidel, etc.). Analysis and assessment of 9.2 MW R.E. projects (biogas, biomass, solar, mini-wind, etc.) Participation to the European Project R2CITIES" for the development of business models on energy improvements for social housing 9.2 MW energy efficiency project and metering installation for UniCredit Real Estate 13

14 EU Energy Efficiency Financial Institutions Group 2012: Energy Efficiency Directive to help fill the policy gap for achieving the 2020 energy efficiency targets 2013: Establishment of the Energy Efficiency Financial Institutions Group ( EEFIG ), a permanent working group by the European Commission in partnership with UNEP FI UniCredit is member of the group which has delivered the following recommendations: Support decision makers for capturing the benefits of energy efficiency measures Accelerating the development of Energy Performance Certificates, Energy Codes and their enforcement Provide decision makers with the correct data in order to make informed decisions Facilitate the use of EU Structural and Investment Funds and ETS revenues through public-private financial instruments to boost investments and help accelerate the engagement of private sector finance Existing financial instruments Dedicated credit lines Innovative financial instruments Green building Bonds Risk sharing facilities (Guarantee Funds and First-loss Facilities) Dedicated Real Estate and Infrastructure Funds Equity investment in sustainable real estate funds On-Bill Repayment (Supply Driver) Energy Performance Contracting/ ESCOs (Demand Driver) Energy Services Agreement 14

15 Project Finance at UniCredit - overview UniCredit S.p.A carries out structured finance services either in energy and infrastructure sectors, through the Italian Infrastructure & Power Project Finance team. Target clients, for expected financing amounts exceeding 20 million, belong to: Corporate & Investment Banking (CIB) perimeter; CCI perimeter. The environmental variable is involved in various points of the overall procedure for Project Finance transaction, and in particular: Rating assignment a rating is assigned through a model (GPF Rating Tool), based on quantitative analysis of expected cash flows and objective assessments of the professionals involved in the preparation of the transaction. The information required to calculate the rating includes an assessment of the environmental and social risks associated with the transaction Assessment of non-financial risks For projects in industrial sectors where the investment costs exceed US$ 10 million, the project finance transactions are subject to an environmental and social assessment in accordance with the Equator Principles (EPs); process rules, of a voluntary nature, aimed at ensuring respect for the environment and social equity in the project finance activities in accordance with IFC Performance Standards and the World Bank Group EHS Guidelines 15

16 Project finance at UniCredit, Italy Renewable energy 2013 volumes Source Number of projects Installed Capacity (MW) Repayment Period (n. years) Total Project Financing Amount (mln )* Renewable energy (Solar) 4 Between 7,5 and 24 MW ~ 17 ~ 115 mln Renewable energy (Wind on-shore) 3 Between 20 and 72 MW ~ 13 ~ 120 mln 16 (*) With UniCredit acting either as sole lender or in pool with other banks

17 Contacts Giorgio Capurri Group Sustainability Piazza Gae Aulenti, Tower A Milan

FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES

FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES Juan Alario Associate Director Head of Division, Energy Efficiency and Renewables European Investment Bank (EIB) III International Conference on Energy Innovation

More information

Germany's energy transition: Status quo and Challenges.

Germany's energy transition: Status quo and Challenges. Ulrich Benterbusch Germany's energy transition: Status quo and Challenges. 2 nd Session Group of Experts on Renewable Energy, UNECE, Geneva 1 Agenda. Energy transition: Status quo and official goals. German

More information

ESBI Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential

ESBI Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential ESBI Carbon Solutions Partnering with Countries to Achieve their Full Carbon Credit Potential ESB International ESB International (ESBI) is a growing international energy company and one of Europe s leading

More information

IDBI Green Bond Framework

IDBI Green Bond Framework IDBI Green Bond Framework Background IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions

More information

EnBW Energie Baden-Württemberg AG

EnBW Energie Baden-Württemberg AG EnBW Energie Baden-Württemberg AG International Climate Projects Vietnamese-German Wind Energy Forum Vietnam, 4 th June 2012 The Power Pioneers EnBW Energie Baden-Württemberg AG EnBW AG is the third largest

More information

POLICY ON COAL-FIRED POWER GENERATION

POLICY ON COAL-FIRED POWER GENERATION POLICY ON COAL-FIRED POWER GENERATION January 2014 POLICY ON COAL-FIRED POWER GENERATION CDC s mission is to support the building of private sector businesses throughout Africa and South Asia, to create

More information

Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential

Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential Carbon Solutions Partnering with Countries to Achieve their Full Carbon Credit Potential ESB International ESB International (ESBI) is a growing international energy company and one of Europe s leading

More information

Winning Support for Wind Farms

Winning Support for Wind Farms Sustainable Energy Best Practice in the European Regions Eco Centre Wales Tobias Cossen Project Manager International Markets Marketing & Acquisition 100% Renewable Energies juwi Holding AG Content 1.

More information

How to Earn the LEED Green Power Credit

How to Earn the LEED Green Power Credit 3D EG REES WH ITE PAPER How to Earn the LEED Green Power Credit Using on-site and off-site renewable energy to mitigate the impact of greenhouse gas emissions associated with a LEED project s energy use

More information

RENEWABLE ENERGY DEVELOPMENT STATE TAX POLICIES AND INCENTIVES IMPACTING

RENEWABLE ENERGY DEVELOPMENT STATE TAX POLICIES AND INCENTIVES IMPACTING RENEWABLE ENERGY DEVELOPMENT STATE TAX POLICIES AND INCENTIVES IMPACTING RENEWABLE ENERGY DEVELOPMENT PREPARED BY THE NATIONAL CONFERENCE OF STATE LEGISLATURES MARCH 2012 OREGON Contents State Taxes that

More information

CRÉDIT AGRICOLE CIB GREEN NOTES

CRÉDIT AGRICOLE CIB GREEN NOTES CRÉDIT AGRICOLE CIB GREEN NOTES OPINION BY SUSTAINALYTICS April 2015 www.sustainalytics.com Vikram Puppala (Toronto) Manager, Advisory Services vikram.puppala@sustainalytics.com (+1) 647 317 3694 Antonio

More information

ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012

ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012 ACCELERATING GREEN ENERGY TOWARDS The Danish Energy Agreement of March 2012 The most ambitious energy plan of the world In March 2012 a historic new Energy Agreement was reached in Denmark. The Agreement

More information

Experiences of Innogy with Wood pellets - and Biocoal production

Experiences of Innogy with Wood pellets - and Biocoal production Experiences of Innogy with Wood pellets - and Biocoal production Essent/RWE Biomass Conference 2011 Paul Coffey Chief Operating Officer, is a key growth driver for RWE Group - biomass is a key element

More information

ACCELERATING RE DEPLOYMENT ON SIDS Accessing Financing for Projects

ACCELERATING RE DEPLOYMENT ON SIDS Accessing Financing for Projects SAIREC October 05, 2015 ACCELERATING RE DEPLOYMENT ON SIDS Accessing Financing for Projects - Mónica Arévalo Calsina - GEEREF in a nutshell Unique strategy Fund of Funds, investing in specialised private

More information

Renewables Policy: A California Perspective

Renewables Policy: A California Perspective Renewables Policy: A California Perspective Todd Strauss 32nd IAEE International Conference 22 June 2009 0 Agenda California s energy policies Evolution of California s Renewable Portfolio Standard (RPS)

More information

Power Generation. Lilian Macleod Power Supply Manager National Grid

Power Generation. Lilian Macleod Power Supply Manager National Grid Power Generation Place your chosen image here. The four corners must just cover the arrow tips. For covers, the three pictures should be the same size and in a straight line. This text box and image can

More information

RWE npower Simon Stacey Retail Finance Director

RWE npower Simon Stacey Retail Finance Director RWE npower Simon Stacey Retail Finance Director THE FINANCIAL CHALLENGES FACING THE ENERGY INDUSTRY RWE npower PAGE 1 THE FINANCIAL CHALLENGES FACING THE ENERGY INDUSTRY Contents RWEnpower Background Information

More information

Renewable Energy Technology (RET) Financing

Renewable Energy Technology (RET) Financing Renewable Energy Technology (RET) Financing IRENA Project Navigator Workshop Cape Verde, September, 2014 1 Ecobank sustainability framework Environmental and Social Risk Policy E&S transactions financing

More information

Famer Engin dogeng@um.dk EKF

Famer Engin dogeng@um.dk EKF Famer Engin dogeng@um.dk EKF SLIDE 2 Denmark s official export credit company 90 years of experience Owned and guaranteed by the Danish State (AAA-rated) Operates on commercial terms SLIDE 3 Guarantee

More information

Mainstreaming Environmental Finance Markets (I) Small-Scale Energy Efficiency and Renewable Energy Finance

Mainstreaming Environmental Finance Markets (I) Small-Scale Energy Efficiency and Renewable Energy Finance CHAPTER 3 Mainstreaming Environmental Finance Markets (I) Small-Scale Energy Efficiency and Renewable Energy Finance John MacLean * Abstract Energy efficiency and small-scale renewable energy (EERE) projects

More information

Stadtwerke Emden. A continuous energy supply and climate control on a municipal level

Stadtwerke Emden. A continuous energy supply and climate control on a municipal level A continuous energy supply and climate control on a municipal level The harbour town of Emden is situated on the North Sea in Germany and has 52.000 inhabitants. We are open-minded. Emden Our town is geographically

More information

Germany's renewable energy sector in the context of energy transition.

Germany's renewable energy sector in the context of energy transition. Oliver Frank Germany's renewable energy sector in the context of energy transition. May 11 th, Hong Kong 1 Agenda. About dena Energy transition / main trends in the German energy sector Renewable Energies

More information

Clean Energy Jobs Plan

Clean Energy Jobs Plan Clean Energy Jobs Plan Introduction When I was governor, California was the world leader in renewable energy and it led the nation in efficiency standards. Our programs saved California consumers billions

More information

Sri Lanka s Power Generation Renewable Energy Prospective

Sri Lanka s Power Generation Renewable Energy Prospective CEYLON ELECTRICITY BOARD Sri Lanka s Power Generation Renewable Energy Prospective Eng. Noel Priyantha Chief Engineer (Renewable Energy) Transmission Division Ceylon Electricity Board Sri Lanka May 2016

More information

SAINSBURY S GREEN LOAN FRAMEWORK

SAINSBURY S GREEN LOAN FRAMEWORK Under embargo until 00.01 BST on Sunday 20 July 2014 SAINSBURY S GREEN LOAN FRAMEWORK July 2014 Highlights: Innovative Green Loan aligned with the Green Bond Principles Strong alignment of Sainsbury s

More information

Expert Group Meeting on Promoting Market-Driven Access to Sustainable Modern Energy Services in the Arab Rural Regions

Expert Group Meeting on Promoting Market-Driven Access to Sustainable Modern Energy Services in the Arab Rural Regions United Nations Economic and Social Commission for Western Asia Expert Group Meeting on Promoting Market-Driven Access to Sustainable Modern Energy Services in the Arab Rural Regions Financial mechanisms:

More information

Summary of the Impact assessment for a 2030 climate and energy policy framework

Summary of the Impact assessment for a 2030 climate and energy policy framework Summary of the Impact assessment for a 2030 climate and energy policy framework Contents Overview a. Drivers of electricity prices b. Jobs and growth c. Trade d. Energy dependence A. Impact assessment

More information

KfW Experience in Financing Grid- Connected Renewable Energy

KfW Experience in Financing Grid- Connected Renewable Energy KfW Experience in Financing Grid- Connected Renewable Energy International Grid-Connected Renewable Energy Policy Forum, Mexico City, February 1-3, 2006 Ulrich Schoppmeyer, KfW, Director Office for Central

More information

New business segments for the energy saving industry Energy efficiency and decentralised energy systems in the building & housing sector

New business segments for the energy saving industry Energy efficiency and decentralised energy systems in the building & housing sector New business segments for the energy saving industry Energy efficiency and decentralised energy systems in the building & housing sector Workshop on ESCOs Energy Service Companies March 28-29, 2012, Ramat

More information

Disclaimer. purposes only. Not for distribution in the United States, Japan, Australia, Italy or Canada.

Disclaimer. purposes only. Not for distribution in the United States, Japan, Australia, Italy or Canada. 8 April 2011 Disclaimer THIS PRESENTATION MAY NOT BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, JAPAN, ITALY, AUSTRALIA, CANADA OR ANY OTHER COUNTRY IN WHICH THE DISTRIBUTION OR DIFFUSION

More information

POLAND: National Fund for Environmental Protection and Water Management activities in climate protection

POLAND: National Fund for Environmental Protection and Water Management activities in climate protection POLAND: National Fund for Environmental Protection and Water Management activities in climate protection National Fund for Environmental Protection and Water Management, Poland Green Investment Scheme

More information

Delaware Sustainable Energy Utility

Delaware Sustainable Energy Utility Delaware Sustainable Energy Utility Senator Harris B. McDowell, III Chair, Energy and Transit Committee Chair, Sustainable Energy Utility Task Force New Direction Create Significant Sustainable Energy

More information

Macro-economic impact of Renewable Energy Production in Belgium. 21 October 2014

Macro-economic impact of Renewable Energy Production in Belgium. 21 October 2014 Macro-economic impact of Renewable Energy Production in Belgium 21 October 2014 Context and objectives of the study Renewable energy deployment among key solutions for meeting energy challenges to be addressed

More information

International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center)

International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center) International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center) Good morning. Sayin Bakanım. Members of Parliament. Ladies and Gentlemen. Slide 1: Opening

More information

Options for financing biogas plants

Options for financing biogas plants IEE Project BiogasIN Options for financing biogas plants D.5.5, WP 5 Dominik Rutz Erik Ferber WIP Renewable Energies Sylvensteinstr. 2 81369 Munich, Germany February 2011 Contents 1. Introduction... 3

More information

Summary of the 2008 Green Communities Act

Summary of the 2008 Green Communities Act Summary of the 2008 Green Communities Act July 9, 2008 Maggie Downey Rev. 1 Background 2008 Green Communities Act House Speaker Salvatore DiMasi introduces the Green Communities Act in March 2007 The Cape

More information

Ernst Rauch Munich Re 29 June 2010

Ernst Rauch Munich Re 29 June 2010 WORKSHOP A: REDUCING RISKS OF GREEN INVESTMENT IN DEVELOPING COUNTRIES Riskmanagement for Green Investments BMU-KfW Conference 29 June 2010, Berlin Ernst Rauch Head Corporate Climate Centre, Munich Re

More information

Norwegian Energy Production and Consumption

Norwegian Energy Production and Consumption Norwegian Energy Production and Consumption Peter Føllesdal Brown Assistant Director General Energy and Water Resources Department, MPE Oslo, 13 May 2015 Norway and EU Commissioner Miguel Arias Cañete

More information

Implementation of Green Technology Policy in Malaysia

Implementation of Green Technology Policy in Malaysia Implementation of Green Technology Policy in Malaysia by Datuk Loo Took Gee, 1 Secretary General, Ministry of Energy, 7 December Green Technology 2015 & Water Malaysia (Paris) I Content 1. Background;

More information

APO COE on GP Model: Green Energy. Dr. Jyh-Shing Yang Senior Supervisor Industrial Technology Research Institute

APO COE on GP Model: Green Energy. Dr. Jyh-Shing Yang Senior Supervisor Industrial Technology Research Institute APO COE on GP Model: Green Energy Dr. Jyh-Shing Yang Senior Supervisor Industrial Technology Research Institute Presentation Outline Taiwan Green Energy Achievements Green Energy Technical Services Future

More information

SECTOR ASSESSMENT (SUMMARY): ENERGY. 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): ENERGY. 1. Sector Performance, Problems, and Opportunities Country Operations Business Plan: Philippines, 2013 2015 SECTOR ASSESSMENT (SUMMARY): ENERGY 1. Sector Performance, Problems, and Opportunities 1. Challenges. Economic growth has been impeded in the Philippines

More information

RENEWABLE ENERGY IN EGYPT

RENEWABLE ENERGY IN EGYPT Arab Republic of Egypt Ministry of Electricity & Energy New & Renewable Energy Authority (NREA) RENEWABLE ENERGY IN EGYPT Strategies, Achievements and Plans Eng. Mohamed Gamal Chief Engineer of Solar Thermal

More information

GOVERNMENTAL RESPONSE TO THE SUSTAINABLE ENERGY ISSUE

GOVERNMENTAL RESPONSE TO THE SUSTAINABLE ENERGY ISSUE EUROSAI WGEA TRAINING SEMINAR ON SUSTAINABLE ENERGY 4 October 2010 GOVERNMENTAL RESPONSE TO THE SUSTAINABLE ENERGY ISSUE Michal Rampír Content: 1) Introduction 2) Sources of audit criteria 3) Instruments

More information

Riyadh, Saudi Arabia May 11, 2016

Riyadh, Saudi Arabia May 11, 2016 Riyadh, Saudi Arabia May 11, 2016 Isabel Soares Head of Institutional Affairs Department 1 Directorate General for Energy and Geology of Portugal AGENDA PORTUGAL OVERVIEW : ENERGY SUPPLY AND DEMAND RENEWABLE

More information

Best Practice in Sustainable Finance: The Experience of Bank Austria Creditanstalt

Best Practice in Sustainable Finance: The Experience of Bank Austria Creditanstalt Best Practice in Sustainable Finance: The Experience of Bank Austria Creditanstalt Warsaw, March 16 th, 2005 BA-CA Corporate Finance & Public Sector Agenda Bank Austria Creditanstalt AG Sustainability

More information

Renewable energy business and policy in Europe, in brief

Renewable energy business and policy in Europe, in brief UNIVERSITY OF TWENTE Renewable energy business and policy in Europe, in brief Presentation for the Energy Conference, Ener2i project, Yerevan, 2 October, 2015 Yoram Krozer, University Twente - CSTM and

More information

FINANCING COMMUNITY-SCALE ENERGY EFFICIENCY & RENEWABLE ENERGY PROJECTS. Lessons and Observations

FINANCING COMMUNITY-SCALE ENERGY EFFICIENCY & RENEWABLE ENERGY PROJECTS. Lessons and Observations FINANCING COMMUNITY-SCALE ENERGY EFFICIENCY & RENEWABLE ENERGY PROJECTS Lessons and Observations My Perspective As a consultant VEIC ID & develop tools for financing efficiency BERC ID financing & ownership

More information

Ministry of Industrialization & Enterprise Development. Keynote Address. UNIDO Green Technology Forum By: Dr. Wilson Songa, MBS Principal Secretary

Ministry of Industrialization & Enterprise Development. Keynote Address. UNIDO Green Technology Forum By: Dr. Wilson Songa, MBS Principal Secretary Ministry of Industrialization & Enterprise Development Keynote Address UNIDO Green Technology Forum By: Dr. Wilson Songa, MBS Principal Secretary Theme: Promoting Green Technologies for Inclusive and Sustainable

More information

Green Financing Forum Oliver Yates, Chief Executive Officer September 2015. CEFC Mission

Green Financing Forum Oliver Yates, Chief Executive Officer September 2015. CEFC Mission Green Financing Forum Oliver Yates, Chief Executive Officer September 2015 CEFC Mission Accelerate Australia's transformation towards a more competitive economy in a carbon constrained world, by acting

More information

Oregon s s Renewable Energy Action Plan and Renewable Energy Working Group. Renewable Energy Working Group

Oregon s s Renewable Energy Action Plan and Renewable Energy Working Group. Renewable Energy Working Group Oregon s s Renewable Energy Action Plan and Renewable Energy Working Group Mike McArthur, Co-Chair Chair Renewable Energy Working Group February 12, 2009 Oregon s s Renewable Energy Working Group (REWG)

More information

eeef European Energy Efficiency Fund

eeef European Energy Efficiency Fund eeef European Energy Efficiency Fund Agenda 1 introduction to eeef - key elements 2 eeef investments: eligibility, process and project structures 3 Case studies 4 Final Remarks 2 1a eeef at a glance Objective

More information

The role of OTP Bank in energy efficiency including renewable sources of energy, and ESCO financing

The role of OTP Bank in energy efficiency including renewable sources of energy, and ESCO financing The role of OTP Bank in energy efficiency including renewable sources of energy, and ESCO financing presented by Dr. Éva Weöres 24-26 May, 2004 Geneva 1 Introduction of OTP Bank Largest commercial bank

More information

Financing of Wind Projects: IFC s Perspective. Walid Labadi 2nd IEL-ANADE May, 2012

Financing of Wind Projects: IFC s Perspective. Walid Labadi 2nd IEL-ANADE May, 2012 Financing of Wind Projects: IFC s Perspective Walid Labadi 2nd IEL-ANADE May, 2012 IFC was established in 1956 to promote private sector development and is a member of the World Bank Group IFC Power Sector

More information

De energievoorziening in 2040;

De energievoorziening in 2040; De energievoorziening in 2040; decentraal, duurzaam en intelligent! Prof. Dr. Ad van Wijk 25-6-2012 20-06-2012 Delft University of Technology Challenge the future There is no energy crisis Energy efficiency

More information

Western Markets Overview

Western Markets Overview Western Markets Overview Renewable Energy Markets Association September 2013, Austin TX Presentation Outline 1. BGC Environmental Overview 2. Environmental Markets Overview 3. WECC / Western Markets Supria

More information

Leveraging EU Funds with the Market Financing Instruments for Energy Efficiency at EU / National Level

Leveraging EU Funds with the Market Financing Instruments for Energy Efficiency at EU / National Level Leveraging EU Funds with the Market Financing Instruments for Energy Efficiency at EU / National Level Johannes Feist, KfW European Parliament, Brussels, 4 October 2011 Leveraging EU Funds with the Market

More information

East of England Energy Group, All Energy Summer Conference th July 2012 Trinity Park, Ipswich Suffolk

East of England Energy Group, All Energy Summer Conference th July 2012 Trinity Park, Ipswich Suffolk DONG 85/15 Energy Tim Johnson Procurement & Contracts Manager DONG Energy Wind Power East of England Energy Group, All Energy Summer Conference 2012 11 th July 2012 Trinity Park, Ipswich Suffolk DONG Energy

More information

Supporting Small Alternative Energy Enterprises

Supporting Small Alternative Energy Enterprises Supporting Small Alternative Energy Enterprises Mission contributing to sustainable development by supporting Small and Medium Sized Enterprises (SMEs) Fields of expertise SME s for sustainable development

More information

Connecticut Department of Environmental Protection. chris.nelson@po.state.ct.us and chris.james@po.state.ct.us

Connecticut Department of Environmental Protection. chris.nelson@po.state.ct.us and chris.james@po.state.ct.us An Energy Agenda for the 21 st Century March 9, 2007 To: Regarding: Submitted Via Email: Connecticut Department of Environmental Protection BCSE Recommendations for CT RGGI Pre-Proposal chris.nelson@po.state.ct.us

More information

Feed in Tariffs for Microgeneration. Jos Mister Energy Saving Trust

Feed in Tariffs for Microgeneration. Jos Mister Energy Saving Trust Feed in Tariffs for Microgeneration Jos Mister Energy Saving Trust Funding and Finance Feed in Tariffs Clean Energy Cashback April 2010 Renewable Heat Incentive April 2011 Business support Enhanced Capital

More information

Examples for financing of biogas projects in Italy

Examples for financing of biogas projects in Italy IEE Project BiogasIN Examples for financing of biogas projects in Italy D.3.2., WP3 - Henning Hahn, Dominik Rutz, Erik Ferber, Franz Kirchmayer - November 2010 Contents 1. Introduction... 3 2. Basics of

More information

Renewable Energy Finance, Market & Policy Overview

Renewable Energy Finance, Market & Policy Overview Renewable Energy Finance, Market & Policy Overview April 2014 Generation (TWh) - Solid Lines Retail Cost ($/kwh) - Dashed Lines Renewable Energy Policy is Driving Massive Private Capital Investment The

More information

Clean State Energy Actions 2011 Update. connecticut

Clean State Energy Actions 2011 Update. connecticut Energy Efficiency Appliance/Equipment Efficiency Standards Building Energy Codes Utility Demand-Side-Management Utility Rate Realignment Energy Savings Targets/Energy Efficiency Resource Standards Public

More information

British Columbia s Clean Energy Vision

British Columbia s Clean Energy Vision British Columbia s Clean Energy Vision Innovative Technologies and Green Energy Solutions National Environmental Conference Brunei Darussalam July 1, 2010 Profile of British Columbia Overview British

More information

Effective 5/12/2015 59-7-614 Renewable energy systems tax credits -- Definitions -- Certification -- Rulemaking authority -- Revenue and Taxation Interim Committee study. (1) As used in this section: (a)

More information

DIVISION ON TECHNOLOGY INDUSTRY AND ECONOMICS Energy Branch Renewable Energy and Finance Unit THE BALKAN RENEWABLE ENERGY PROGRAMME (BALREP)

DIVISION ON TECHNOLOGY INDUSTRY AND ECONOMICS Energy Branch Renewable Energy and Finance Unit THE BALKAN RENEWABLE ENERGY PROGRAMME (BALREP) DIVISION ON TECHNOLOGY INDUSTRY AND ECONOMICS Energy Branch Renewable Energy and Finance Unit THE BALKAN RENEWABLE ENERGY PROGRAMME (BALREP) Call for Proposals Evaluation of Concepts for the Implementation

More information

REToolKit Case Study. Small Power Producers in Thailand

REToolKit Case Study. Small Power Producers in Thailand REToolKit Case Study Small Power Producers in Thailand 1. Summary Overshadowed by Thailand s multi-billion dollar plans for large-scale coal plants and hydropower dams is the little-known yet multi-national

More information

BARRIERS AND SOLUTIONS TO CORPORATE ENERGY EFFICIENCY

BARRIERS AND SOLUTIONS TO CORPORATE ENERGY EFFICIENCY Energy efficiency is often the least expensive way for businesses to reduce GHG emissions and also comes with added benefits of reduced operational costs and risks. Yet, there remains a gap between the

More information

Energy Efficiency and Renewable Energy Sources in Sweden

Energy Efficiency and Renewable Energy Sources in Sweden Energy Efficiency and Renewable Energy Sources in Sweden Swedish Energy Agency www.stem.se Yelena Varasteh yelena.varasteh@stem.se Slovakia, 24-25 April 2006 Total energy supply in Sweden in 2004 Total

More information

Renewable energies and their impact on local value added and employment

Renewable energies and their impact on local value added and employment Renewable energies and their impact on local value added and employment The german experience and a modelling approach -Economic Effects of Renewable Energy Modelling Regional Value Added- Ritsumeikan

More information

RENEWABLE ENERGY DEVELOPMENT IN LITHUANIA ACHIEVEMENTS AND DRAWBACKS

RENEWABLE ENERGY DEVELOPMENT IN LITHUANIA ACHIEVEMENTS AND DRAWBACKS RENEWABLE ENERGY DEVELOPMENT IN LITHUANIA ACHIEVEMENTS AND DRAWBACKS Ieva Kuodė Ministry of Energy of the Republic of Lithuania SOLINVEST 2015-06-02 RES TARGETS BY 2020 23% the share of energy from renewable

More information

Renewable Energy in France

Renewable Energy in France Renewable Energy in France Finance & investment Maritime Energy Natural resources Transport Real estate ICT Corporate Finance Tax Dispute resolution Employment Regulatory London New York Paris Hamburg

More information

Energy Efficiency Financing

Energy Efficiency Financing Energy Efficiency Financing Tim Newton: Account Development Manager Presentation - 16.09.2014 - Low Carbon Kent Business Conference. siemens.co.uk Agenda Overview of Energy Efficiency in the UK Savings

More information

Our financing of the energy sector in 2013

Our financing of the energy sector in 2013 Our financing of the energy sector in 213 rbs.com/sustainable About this document This report is the fourth Our financing of the energy sector briefing that we have produced since 21. The aim remains the

More information

Portfolio Manager and Green Power Tracking

Portfolio Manager and Green Power Tracking Building owners and operators can buy green power products as a way of reducing the environmental impacts associated with purchased electricity use in their facilities. The Environmental Protection Agency

More information

Comparison of Renewable Portfolio Standards (RPS) Programs in PJM States

Comparison of Renewable Portfolio Standards (RPS) Programs in PJM States Regulation or Legislation Geographic Eligibility Reporting Period Banking Credit Multipliers Technology - Specific (set asides) NJ MD DC PA DE HB 1308 / SB 869 (2004) Bill 15-747 (4/12/2005) SB 1030/Act

More information

Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study

Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study 1 Federal policy: RPS, RES, CES Program Design Element S 3813 Renewable Energy Promotion Act 2010 (Bingaman) S. 1462 American

More information

World Economic Forum Insurance and Asset Management Council. Joachim Faber. Low Carbon Economy Finance Paper Q4 2011

World Economic Forum Insurance and Asset Management Council. Joachim Faber. Low Carbon Economy Finance Paper Q4 2011 World Economic Forum Insurance and Asset Management Council Joachim Faber Low Carbon Economy Finance Paper Q4 2011 Frankfurt / Munich, Oct 2011 Introduction The Low Carbon Economy and Finance by the Insurance

More information

Renewable Energy Development in Uzbekistan

Renewable Energy Development in Uzbekistan Conference Integration of Central Asia into the World economy: Role of Energy and Infrastructure 22 October 2007, Washington D.C. Renewable Energy Development in Uzbekistan Technology Transfer Agency is

More information

Renewable energy in Central and Eastern Europe possible utilisation in the agricultural sector. Institute for Renewable Energy

Renewable energy in Central and Eastern Europe possible utilisation in the agricultural sector. Institute for Renewable Energy Hungarian Polish conference on renewable energy Miskolc 28-29 April 2010 Panel II. Social Green Energy Renewable energy in Central and Eastern Europe possible utilisation in the agricultural sector Anna

More information

Renewable Energy in Egypt. October 2013

Renewable Energy in Egypt. October 2013 Renewable Energy in Egypt October 2013 Contents National Bank of Egypt NBE Vision & Strategy Finance Incentives Wind Farm Energy Solar Energy Potential role of NBE 2 NBE stands on very solid pillars Oldest

More information

European Master in Sustainable Energy Systems Management

European Master in Sustainable Energy Systems Management SPECIALISATION SYLLABUS : Sustainable Energy Management European Master in Sustainable Energy Systems Management Contents: TOTAL HOURS 1. Socio-economic aspects of the energy 50 2. Renewable energy markets

More information

USDA Loan Guarantee Programs: Benefits and Opportunities for Lenders. Silicon Valley Bank Clean Tech Group Presentation December 8, 2010

USDA Loan Guarantee Programs: Benefits and Opportunities for Lenders. Silicon Valley Bank Clean Tech Group Presentation December 8, 2010 USDA Loan Guarantee Programs: Benefits and Opportunities for Lenders Silicon Valley Bank Clean Tech Group Presentation December 8, 2010 Mission Statement Westar Trade Resources is committed to assisting

More information

Guaranteeing long-term cost savings through energy efficient measures, with the option of fully funded solutions

Guaranteeing long-term cost savings through energy efficient measures, with the option of fully funded solutions Guaranteeing long-term cost savings through energy efficient measures, with the option of fully funded solutions What is energy performance contracting? Innovative way to implement energy saving improvements

More information

Impact of Changing Energy Patterns on EU Competitiveness Giovanni Brianza 30 April 2014 Energy prices in EU Gas prices in major EU manufacturing economies 2 3 times higher than in the US...... and industrial

More information

The President s Blueprint for a Secure Energy Future

The President s Blueprint for a Secure Energy Future U.S. Renewable Energy Policy Landscape December 2012 Dr. Casey Delhotal Director, East Asian Affairs The President s Blueprint for a Secure Energy Future Goals Reduce oil imports by one-third by 2025 Generate

More information

The (special) role of Green Electricity in Green Public Procurement

The (special) role of Green Electricity in Green Public Procurement The (special) role of Green Electricity in Green Public Procurement Dominik Seebach (d.seebach@oeko.de) Boosting Sustainable Energy Supply & Efficiency through Smart Public Tendering GPP 2020 Webinar,

More information

DESC Renewables & ESPCs

DESC Renewables & ESPCs WARFIGHTER FOCUSED, GLOBALLY RESPONSIVE SUPPLY CHAIN LEADERSHIP DEFENSE LOGISTICS AGENCY AMERICA S COMBAT SUPPORT LOGISTICS AGENCY DESC Renewables & ESPCs John Nelson, Energy Analyst April 2010 WARFIGHTER

More information

Investment forum on Phase II of the LHWP. Maseru (Lesotho) 14 July 2014

Investment forum on Phase II of the LHWP. Maseru (Lesotho) 14 July 2014 Investment forum on Phase II of the LHWP Maseru (Lesotho) 14 July 2014 Private and confidential About Standard Lesotho Bank 2 3 4 Standard Bank Overview 5 Key points Full Service Corporate & Investment

More information

Renewable Energy Opportunities and Environmental Challenges. lined up for commercial and industry energy consumers especially throughout the Northeast

Renewable Energy Opportunities and Environmental Challenges. lined up for commercial and industry energy consumers especially throughout the Northeast Renewable Energy Opportunities and Environmental Challenges By Stephen J. Humes, Esq. 1 Never before have so many economic incentives and renewable energy opportunities lined up for commercial and industry

More information

Financing Renewables in Turkey

Financing Renewables in Turkey Financing Renewables in Turkey Symposium of the Deutsch Türkischen Industrie- und Handelskammer Florian Mahiny Head of Austrian/ German International Desk Yapı ve Kredi Bankası A.Ş. Istanbul, 22. February

More information

Honeywell Building Solutions Global Finance

Honeywell Building Solutions Global Finance Honeywell Building Solutions Global Finance Energy Sustainability Summit Ed Wojtowicz October 23-24, 2009 Jackson Hole, Wyoming Attorney Client Privilege Prepared at Request of Counsel HBS Global Finance

More information

Renewable energy opportunities in the transformation of the energy system

Renewable energy opportunities in the transformation of the energy system Renewable energy opportunities in the transformation of the energy system Dipl.Ing. Josef Plank, R 20 Vienna 2014 10 09 President of Renewable Energy Austria (EEÖ) Managing Director of RENERGIE GmbH Energy

More information

National Energy Efficiency and Renewable Energy Action (NEEREA) August 2014

National Energy Efficiency and Renewable Energy Action (NEEREA) August 2014 National Energy Efficiency and Renewable Energy Action (NEEREA) August 2014 Prepared by: Melda Jabbour, Energy Engineer, Lebanese Center for Energy Conservation (LCEC) Rana El-Guindy, Junior analyst -

More information

C5 :106. The Alleviation of Prices Impact on Electricity Tariff caused by Renewable Energy Adders in Thailand

C5 :106. The Alleviation of Prices Impact on Electricity Tariff caused by Renewable Energy Adders in Thailand 2012 Paris Session http : //www.cigre.org C5 :106 The Alleviation of Prices Impact on Electricity Tariff caused by Renewable Energy Adders in Thailand SIRIWAN WORADEJ Metropolitan Electricity Authority

More information

Implications of Abundant Natural Gas

Implications of Abundant Natural Gas Implications of Abundant Natural Gas JAE EDMONDS AND HAEWON MCJEON APRIL 2013 May 29, 2013 1 Background May 29, 2013 2 The natural gas revolution The application of technologies for accessing unconventional

More information

Gibson Bay Wind Farm. NERSA Hearings Cape Town. 20 February 2014. NERSA Hearing. 20 February 2014

Gibson Bay Wind Farm. NERSA Hearings Cape Town. 20 February 2014. NERSA Hearing. 20 February 2014 Gibson Bay Wind Farm s Cape Town GIBSON BAY WIND FARM OVERVIEW KOUGA WIND FARM OVERVIEW 37 Turbines 111 MW Nordex 3.0 MW N117 turbines Hub height of 91 m Wind farm area 4,300 Hectares Actual footprint

More information

IFC and Agri-Finance. Creating Opportunity Where It s Needed Most

IFC and Agri-Finance. Creating Opportunity Where It s Needed Most IFC and Creating Opportunity Where It s Needed Most Agriculture remains an important activity in emerging markets IMPORTANCE OF AGRICULTURE as major source of livelihood 75% of poor people in developing

More information

Some highlights of the South Australia study include: A large untapped resource: The modelling results show strong growth in

Some highlights of the South Australia study include: A large untapped resource: The modelling results show strong growth in South Australia has enough clean energy potential to power homes remove pollution equivalent to cars create 3,000,000 450,000 5,000 new jobs Australia is in the early stages of a clean energy boom, with

More information