The Global Solar Energy Standardisation Initiativ The Global Solar Energy Standardisation Initiativ The Global Solar Energy Standardisation Initiativ The Global Solar Energy Standardisation Initiative Joining Forces Together to Scale up Joining Forces Together to Scale up Joining Forces Together to Scale up Joining Forces Together to Scale up Solar Energy Solar Energy Solar Energy Solar Energy Our working structure The Initiative consists of seven core and five additional streams of work. Each stream is dedicated to a contract and/or guidance note with input from a large variety of stakeholders across the whole solar industry value chain to ensure we deliver a bankable set of documentation supported by all the industry. Contracts to be standardised PPA // Supply Agreements // Installation Agreement // O&M Agreement // Finance Facility Agreement and Financial References // Implementation Agreement Guideline // Project Development Guideline // Governing Law // Dispute Resolution // Corruption and Sanction // Force Majeure Streamline This Initiative aims to design and draft a comprehensive set of open source contracts and guidelines to reduce development time and costs of transaction that weigh heavily on the competitiveness of solar energy. The key objective is thus to simplify and streamline the existing practices by redesigning and rethinking how to deliver a more balanced approach to risk allocation that could contribute to reduced industry costs and an increased deployment of solar around the globe. Collaborate The Initiative brings together a large group of public and private sector key experts within the industry (covering financing, development, supplier, insurance and legal expertise). They share a common interest in the need for standardising solar energy project and finance documentation. The working group members and participants together define and agree on the core terms for the standard documentation needed, to set a global quality benchmarks and standards for the sustainability of the industry. Innovate The wide spectrum of participants brings a great amount of expertise and know-how from the market. However, the core objective of the Initiative is not to automatically repeat what has been adopted in the past. All participants to the discussions are invited to challenge both the concepts which might prevail to date in the industry and even sometimes their own ideas and practices. Addressing the weakness and complexity of present practices whilst innovating will allow us to produce together a bankable, cost- oriented and easy-to-implement set of documentation, ensuring a balanced and fair risk-allocation through all the value chains of solar projects.
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The Global Solar Energy Standardisation InitiativThe Global Solar Energy Standardisation InitiativThe Global Solar Energy Standardisation InitiativThe Global Solar Energy Standardisation Initiativeeee Joining Forces Together to Scale upJoining Forces Together to Scale upJoining Forces Together to Scale upJoining Forces Together to Scale up Solar EnergySolar EnergySolar EnergySolar Energy
Our working structure The Initiative consists of seven core and five additional streams of work. Each stream is dedicated to a
contract and/or guidance note with input from a large variety of stakeholders across the whole solar
industry value chain to ensure we deliver a bankable set of documentation supported by all the industry.
CORRUPTION AND CORRUPTION AND CORRUPTION AND CORRUPTION AND
SANCTIONSANCTIONSANCTIONSANCTION James Lindop
FORCE MAJEUREFORCE MAJEUREFORCE MAJEUREFORCE MAJEURE
Kilian de Cintre
Our working process To ensure the delivery of a conclusive and complete set of documents to the global industry, the Initiative
has been divided in four core phases:
Phase1:
Brainstorming Process
Phase 2:
Contractual Drafting
Phase 3:
Review Process
Phase 4:
Launch
Detailed discussion
between members and
preparation of
assumption paper/term
sheet prior to the
detailed drafting for
contractual
documentation output.
Drafting of detailed contracts
and guidelines to be delivered
to the market.
Overseeing and reviewing
of all contracts and
guidelines for consistency
in consultation industry
stakeholders. Upon receipt
of feedback, the teams will
take into consideration
such responses before the
finalisation and official
launch to the market.
Launching of the final
product to the market
through dedicated events
and alongside key events
of the energy sector. The
final product will be
launched online for open
and free access for the
global solar sector’s use.
Our main forthcoming events
Nov 2017
Leaders Workshop (London)
Jan 2018
World Future Energy Summit
(Abu Dhabi)
Q2 2018
Official Launch of the final
package
July - December 2018
Roadshows
(various locations)
One day working session for
leaders to discuss cross-
cutting issues and ways to
tackle challenges towards
finalising contract drafts.
Launch of the review phase
– to invite a wider group of
stakeholders in the industry
to a shared online platform
for collaborative review
process and comments.
Official launch of the final
standardised contract
package freely available
online for renewable
energy stakeholders
around the world.
Regional and national events
targeting local stakeholders
(project developers, off-takers
and financial institutions) to
ensure high rate of utilisation
and uptake of the final
contract package.
PPPPlease contact us if you would like to be involved in the lease contact us if you would like to be involved in the lease contact us if you would like to be involved in the lease contact us if you would like to be involved in the InitiativeInitiativeInitiativeInitiative
IRENA IRENA IRENA IRENA
Director Director Director Director –––– Knowledge, Policy and Finance CentreKnowledge, Policy and Finance CentreKnowledge, Policy and Finance CentreKnowledge, Policy and Finance Centre