On the 13th June 2019, at the Africa Energy Forum 2019 (aef2019) during a session organised by SolarPower Europe and co-hosted by IRENA (International Renewable Energy Agency) and Terrawatt Initiative, the Open Solar Contracts were launched. This initiative aims at designing and drafting a comprehensive set of contractual documentation to reduce development time and transaction costs that weigh heavily on the competitiveness of solar energy.
Jean-Pascal Pham-Ba, Secretary General, The Terrawatt Initiative, said: “Terrawatt Initiative is dedicated to proposing market designs capable of sustaining the massive deployment of low-carbon, climate resilient infrastructures required to achieve the United Nations’ Sustainable Development Goals and the Paris Agreement objectives. As part of our work, three years ago we launched a bold initiative with IRENA to offer the market, under a free Creative Commons license, a top-class suite of contractual templates for on-grid solar PV generation assets. Simple, lean and fair, the Open Solar Contracts can change the lives of millions by reducing transaction costs and streamlining the deployment of new generation capabilities where they are most needed, in particular in Africa. As it brings together public and private sector leaders and experts of the African energy market, the Africa Energy Forum is the perfect opportunity to launch the Open Solar Contracts and engage with all interested stakeholders to improve this suite and explore potential new developments, perhaps for off-grid solar. We are very grateful to EnergyNet for hosting us and to SolarPower Europe for supporting our initiative, contributing to it and organising this launch event.”
Walburga Hemetsberger, CEO of SolarPower Europe, commented: “We are delighted to support the Open Solar Contracts initiative, as it can create more opportunities for solar business at a time when we need much more of our clean energy technology. These contracts will ensure the removal of a number of barriers, thus boosting solar deployment and accelerating the energy transition.”
The Open Solar Contracts initiative will deliver a robust portfolio of open-source, freely available standardised template agreements and guidelines covering the entire solar project development chain, including template agreements for supply, financing, power purchase, implementation, fit & commissioning and O&M. To carry this project, IRENA and the Terrawatt Initiative collaborated with more than 30 leading development banks, law firms and industry associations.
About Africa Energy Forum
The Africa Energy Forum (aef) is the global investment meeting for Africa’s power, energy, infrastructure and industrial sectors. What we deliver is simple: Energy. In One Place. The Forum brings together decision-makers in Africa’s energy sector to form partnerships, identify opportunities and collectively move the industry forward. aef has a loyal following of credible players working in the power space, and a track record of delivering a valuable networking experience.