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  • 1. WEC Knowledge Network onInnovative Financing Mechanisms“Smart grids from invention to implementation” Preliminary Findings
  • 2. Innovative Financing Mechanisms WEC Knowledge NetworkTo formulate Policy Recommendations towards Innovative SG Financing Mechanisms EU North America Japan South Korea China India Brazil * Brazil has recently joined Spring 2011 End of June 2012 Preliminary Analysis  Regional Context Summer 2012  Main SG drivers  Main challenges Policy Recommendations  Currently available Late 2012 Financing Mechanisms Final report
  • 3. SG Main Drivers and Challenges WEC - Preliminary Findings Drivers strongly depend on the regional contextLow Carbon and Energy Efficiency • OECD Countries Green Economy Growth Agenda • OECD Asian Countries Main Drivers Fast Growth Infrastructure • Emerging Countries Business case and Financing • Most Countries Main Regulation • EU and North America Challenges Public awareness/acceptance • EU and North America No significant challenges reported by South Korea Just a few from China (where state-owned network companies enable rapid construction) High technical and non technical losses reported in India (mainly from thefts) and Brazil
  • 4. Available Financing Mechanisms Some Best Practice examples WEC - Preliminary Findings• European Union: EU •USTDA $686,447 grant for SG implementation funding programs for RD&D projects (FP7, •DRUM Training Program: IEE, NER300, $30 million by the USAID Connecting EU and the Indian Ministry of facilities) Power for SG development• USA: over $4 billion from DOE Public External Funding Grants Private Regulatory Funding Incentives• North America: Partnership • New Tailored Mechanisms: GE/venture capital •AEEG (IT) ‘Del39/10’ firms •OFGEM (UK) ‘RIIO, LCNF’,• South Korea: IFI, RPZ’, Government + private •‘R-APDRP’ (India) funds (0.5 +18.1 billion USD)
  • 5. BACK UP
  • 6. SG Innovative Financing Mechanisms (1/2) WEC - Preliminary Findings EU North America Japan South Korea China India Re-examination Low Carbon Grid upgrading and Green Economy Fast Growth Fast Growth of nuclear Agenda energy efficiency Growth Agenda Infrastructure Infrastructure energy policy  Infrastructure  Boosting  Long-termMain  Enhancing  Integration of RES upgrade manufacturin economic  RisingDrivers  Surge in wind energy g and IT growth demand  Infrastructure security upgrade capacity industry  Energy  High levels  Environment  Energy  Consumption consumption of losses al protection efficiency growth growth Large Scale Demos  Coordination needs  Unsuitable Funding  Unclear (inappropriate Regulation Few reported  Inaccurate regulatory frameworks)  Insufficient funding Insufficient barriers No significant billing fundingMain Deployment  Abundance of reported State-owned  High (need of natural gas (over network electricityChallenges  Technology appropriate tariff challenges up to RES) mechanisms companies thefts Standards date  Consumer reported) enable rapid  Insufficient  Unclear Regulation pushback to smart finances construction  Negative Business meter rollout Cases  Public awareness
  • 7. SG Innovative Financing Mechanisms (2/2) WEC - Preliminary Findings EU North America Japan South Korea China India Public National Funds Govt. USD 134 million from government EU funding (FP7, IEE) Private Public Funds Funding/Venture on 8 pilot s National Regulatory Incentives Capital External grants Funds Funds from •USAID and the Indian Ministry of  New Tailored Best practice Private/Public State Grid Power : $30 million also with funding mechanisms example: METI funds Corporation trainingMain (Italy ‘Del39/10’, partnership among National 18.6 billion USD of China •USTDA : $686,447 grant for SG Ofgem’ RIIO, LCNF’, GE and venture Funds (157 by 2030 (SGCC) implementationavailable IFI, RPZ’) capital firms M USD+ (0.5 billion USD Regulatory Incentivesfinancing  Changing 111 M USD from Regulatory Re-structured Accelerated Power in 2012 for government + incentivesmechanisms Framework (Finland, Public Financing large scale 18.1 billion USD Development and Reforms Portugal) With funding from Policies for Programme (R-APDRP) is a Govt. demos) from private the Recovery Act, onto-grid of India financial incentive scheme  Traditional funds) (~ USD 9 billion) for strengthening Regulatory the DOE invested No electricity over 4 billion USD prices of and up gradation of sub- Frameworks regulatory renewable transmission and distribution (Austria, Germany) incentives energy network through adoption of IT and implementation of SG technologies Preliminary Analysis Summer Formulating Policy Recommendations Late 2012 Final report * to be presented at an Int. Conference still to be chosen