Grid studies and the power sector transformation
Grid studies support planning for the power sector transformation. Results of the grid studies allow the evaluation of costs and other efforts required to deploy a flexible power system with the capacity to host the planned shares of VRE. On islands, grid studies strengthen the coordination between long-term, policy-driven renewable energy integration targets and their actual deployment in power systems. This means policy makers can plan more accurately for resources required to attain envisioned targets. They also allow power utilities to identify the most suitable technical measures to host the planned VRE shares, without affecting the system’s stability and reliability.
IRENA Project Navigator is an online platform providing comprehensive, easily accessible, and practical information, tools and guidance to assist in the development of bankable renewable energy projects. In particular, the Project Navigator has introduced a component to assist project developers in Small Island Developing States (SIDS). Within this islands module, the Project Navigator will help islands assess and address project development issues to enable stronger, sustainable development and smart integration of renewables.
The Sustainable Energy Marketplace is a virtual platform that gathers project developers, financiers, service and technology suppliers to work together to realize projects related to renewable energy sources. The Marketplace provides a visibility to renewable energy projects and facilitate investment opportunities.
IRENA and the Abu Dhabi Fund for Development (ADFD) have collaborated to create a joint Project Facility to finance transformative and replicable renewable energy projects in developing countries. The facility involves IRENA selecting and recommending promising renewable energy projects in developing countries. ADFD then offers soft (concessional) loans to these projects worth USD 350 million over seven annual cycles. The first selection cycle commenced in November 2012.
The Renewables Readiness Assessment (RRA) is a comprehensive tool for assessing the conditions existing in a country for the development and deployment of renewables along with the actions required to improve those conditions. RRAs for island countries: Antigua & Barbuda, Fiji, Grenada, Kiribati, Republic of the Marshall Islands, Vanuatu