Regional Workshop on Accelerating RE Investments in Southeast Asia

The ASEAN Ministers and IRENA signed a Memorandum of Understanding (MoU) to support the realisation of the ASEAN Plan of Action for Energy Cooperation (APAEC) and to facilitate the scaling up of renewable energy deployment in the region. As one of the key areas of focus under the MoU, this workshop improved the understanding of the renewable energy project financing and risk mitigation instruments, and supported the development of bankable renewable energy projects and facilitated their access to financing. The workshop was hosted by the Ministry of Industry and Trade Vietnam and jointly organised by IRENA and ASEAN Centre for Energy (ACE). Participants from policy makers, financial institutions, project developers and other key stakeholders shared their experiences on current financing landscape, identified key barriers and explored how innovative finance and risk mitigation solutions can serve to attract more private investment into the region.

The 10 countries included in the regional initiative are: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Accordingly, this regional workshop on renewable energy financing and risk mitigation also introduced IRENA’s Project Facilitation tools such as Project Navigator, Sustainable Energy Market Place, Global Atlas, etc., that is a free comprehensive platform that provides the tools to facilitate the creation of robust, bankable renewable energy project proposals.

Download the summary report.

Presentations

Session 1: Renewable Energy Policy and Regulatory Landscape in the ASEAN region

• Emanuele Bianco, Associate Programme Officer, Knowledge and Policy, IRENA
  Overview of Global and Regional RE Policy and Regulatory Landscape
• Yudiandra Yuwono, Technical Officer, ASEAN Centre for Energy
  Synergy in ASEAN for RE Development

Session 2: Renewable Energy Financing Landscape in the ASEAN Region

• Intan Indriastari, Finance and Investment Division, PT. Sarana Multi infrastruktur
  Initiatives in Green Finance

Session 3: Best practices and examples of RE project development and finance

• Arjun Guha, Programme Officer, RE Project Development and Finance, IRENA
  RE project Development and Finance
• Kelvin Vuong, Associate, Astris Finance
  Lessons learnt in arranging long term project financing with local banks

Session 4: Enhancing finance flows through Project Facilitation

• Arjun Guha, Programme Officer, RE Project Development and Finance, IRENA
  Access to finance for renewable energy in developing countries
• Carlos Ruiz, Associate Programme Officer, Project Navigator, IRENA
  IRENA Project Navigator

Session 5: Auctions as a tool to improve investor’s confidence

• Emanuele Bianco, Associate Programme Officer, Knowledge and Policy, IRENA
  How to design an Auction? Design elements and their influence on the investor confidence
• Adam Bruce, Global Head of Corporate Affairs, Mainstream Renewable Power
  Auctions as a tool to improve investor confidence

Session 6: Financial Risk Mitigation practices in the ASEAN region

• Paul Butarbutar, Executive Director of Indonesian RE Society/ Director of JJB Sutainergy Indonesia
  De-risking Investment in Renewable Energy
• Michael Di Gregorio, Country Representative, The Asia Foundation/ Vietnam Business Forum Power
  Reducing Financial Risk to RE Investment in Vietnam

Closing

• Badariah Yosiyana, Programme Officer, Southeast Asia, IRENA
  Overview of IRENA-ASEAN Engangement