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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)
Objective:

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

No Data Available.png
Cumulative GHG reductions: 1.8 MtCO2e
Mitigative capacity:

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


References

The NAMA leverage approximately €75 million in private sector and directly lead to financing 50 MW in DG PV installations.
Namespaces
Variants
Views

Difference between revisions of "Enabling Distributed Solar Power in the Philippines"

From NAMA Database
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Line 16: Line 16:
 
|Scope of action=National
 
|Scope of action=National
 
|Proponent=Department of Energy
 
|Proponent=Department of Energy
 +
|International funder=UK and Germany
 
|Organizations providing technical support=Center for Clean Air Policy (CCAP)
 
|Organizations providing technical support=Center for Clean Air Policy (CCAP)
 
|Financial support=Yes
 
|Financial support=Yes

Latest revision as of 07:43, 22 March 2017



Philippines.png
To edit this page, log in and click on "edit with form" above
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)
Objective:

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

No Data Available.png
Cumulative GHG reductions: 1.8 MtCO2e
Mitigative capacity:

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


References

The NAMA leverage approximately €75 million in private sector and directly lead to financing 50 MW in DG PV installations.