Title of the Workshop: Development of business plans … 3.2... · IEE project Contract N°: IEE/12/856/SI2.644759 1 D.3.2. – Workshop report on bankable projects and business models

IEE project Contract N°: IEE/12/856/SI2.644759

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D.3.2. – Workshop report on bankable projects and business models

Title of the Workshop: Development of business plans and techno-economical analysis of energy projects Date realised: 20 and 21 May 2015 Location: Lefkosia, Cyprus

Submission date: 10/07/2015


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D3.2 Workshop report on bankable projects and business models

CONTENTS 1. General ............................................................................................................................................ 3

2. Objective ......................................................................................................................................... 3

3. Description and overall evaluation ................................................................................................. 3

4. Outcomes and conclusions .............................................................................................................. 4

5. List of Participants ........................................................................................................................... 4

6. Agenda ............................................................................................................................................. 5

7. Photos .............................................................................................................................................. 6

8. Dissemination material ................................................................................................................... 6


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1. General Topic Business plans and techno-economic analysis for sustainable

energy projects Date 20 and 21 May 2015 Location Lefkosia, Cyprus Number of participants 20 (12+8) 2. Objective Building capacity within the local authorities’ energy team’s members on creating new partnerships or business models for efficient management and implementation of energy action projects is not a one-time exercise. 3. Description and overall evaluation The workshop was divided in four sessions, an introduction to the business plans, a step by step development of business plans, answers on how to carry out a techno-economic analysis and how to introduce environmental and social aspects into an evaluation of a project. The participants after in detail presentations by the trainers were divided in groups and examined a particular case study. After the groups examined their case, they presented their results on white board and discussion was followed with input from all the groups.

For the evaluation of the workshop, the participants filled in evaluation sheets and the results were analyzed and presented by the following table.

Score (1-5)

Evaluation of Session 1 5 Evaluation of Session 2 5 Evaluation of Session 3 5 Evaluation of Session 4 4.9 Evaluation of the trainer (Savvas Vlachos) – Ability to transfer knowledge and experiences 4.9 Evaluation of the trainer (Savvas Vlachos) – Ability to provide important information 4.9 Evaluation of the trainer (Savvas Vlachos) – Ability to answer questions 4.9 Evaluation of the trainer (Anthi Charalambous) – Ability to transfer knowledge and experiences

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Evaluation of the trainer (Anthi Charalambous) – Ability to provide important information 5 Evaluation of the trainer (Anthi Charalambous) – Ability to answer questions 5 Evaluation of the training conditions (quality of the conference room) 4.9 Evaluation of the training conditions (training modules and equipment) 4.9 Evaluation of the training conditions (notes and material used) 4.9 Evaluation of the training conditions (overall impression) 4.9 Did the workshop meet your expectations? 4.9 Other comments: For future workshops, more time is needed to be given on economic analysis and business plans


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4. Outcomes and conclusions The most important outcome of the workshop was that municipal employees that were assigned by their supervisors to implement and monitor their sustainable energy actions were improved their skills on analysis and evaluation of different energy projects. Also were inspired with ideas for new projects but also for new cooperation among the other municipalities on common energy projects (sustainable transport, exploitation of green wastes etc.) 5. List of Participants


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6. Agenda 9:00-9:45 Session 1

Introduction to business plans Introduction to business plans, What is the significance of business plans?, Structure of business plans

Anthi Charalambous

09:45 -10:30 Session 2 Development of business plan

Project idea conception Market Research Preliminary design Identify processes and development of the plan Requirements on materials, equipment and human resources Risk assessment

Anthi Charalambous

10:30 – 11:00 Coffee break 11:00 – 11:45 Session 3

Techno-economic analysis of energy projects Estimate of expenditure (studies, initial costs, operating costs) computation of revenues /savings Feasibility study (calculation of IRR, NPV, simple repayment) Financial flows Sensitivity analysis

Savvas Vlachos

11:45 - 12:30 Session 4 Evaluation of energy projects

Environmental assessment

Savvas Vlachos


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Energy assessment Identify social benefits Weighted holistic approach (economic, environmental,

energy, social) How to promote evaluation results to decision makers

12:30 – 13:00 Discussion and questions 7. Photos

Photo 1 Workshop activities Photo 2 Workshop activities 8. Dissemination material

Photo 3 Presentation by Anthi Charalambous - Introduction to business plans

Photo 4 Presentation by Anthi Charalambous - Development of business plan


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Photo 5 Presentation by Savvas Vlachos - Techno-economic analysis of energy projects

Photo 6 Presentation by Savvas Vlachos - Evaluation of energy projects

Photo 7 Beast’s project poster Photo 8 Projects brochure dissemination

Photo 9 Smilegov’s project poster Photo 10 Promotion on Facebook (CEA’s account)


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Photo 11 Press release included as an article in Cyprus Scientific Technical Chamber’s magazine

Title of the Workshop: Development of business plans … 3.2... · IEE project Contract N°: IEE/12/856/SI2.644759 1 D.3.2. – Workshop report on bankable projects and business models

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