One of our pathfinder projects in developing markets, Lux Nova analysed the renewable energy support frameworks in the ECOWAS region of West Africa, taking learnings from identified gaps in the market to design and deliver 4 weeks of in-depth training on bankable renewable energy Power Purchase Agreements.
This assignment was delivered as part of IRENA’s (the International Renewable Energy Agency), wide reaching programmes which are aiming to increase the uptake of renewable energy in developing markets by training Government and Utility officials in best practice.
The assignment saw Lux Nova lead a team of legal, commercial and financial consultants to undertake the analysis and subsequent in-country training, to relevant government departments and utility companies across the 15 ECOWAS countries. This took place in French (in Cote D’Ivoire) and English (in Ghana) during 4 weeks across May and July 2018 and was very well received by delegates. Following learnings from the training and feedback from delegates, we also set out recommendations for IRENA to take forward further capacity training within the region.
This was a great opportunity to help up-skill local capacity in the region, enabling the faster deployment of renewable energy and we hope to continue our work with IRENA to deliver the recommended next steps which include the analysis for inter-country trading of power, off-grid projects and more detailed procurement design.