The Government of Kiribati requested assistance in the preparation of an Investment Plan, which would be used to apply for renewable energy project funding through the Climate Investment Fund's Scaling Up Renewable Energy Program (SREP). The primary objective of the Investment Plan was to identify renewable energy projects where SREP resources and other sources of funds could be used to overcome barriers to investment.
DHInfrastructure led a team of national and international technical consultants to carry out the renewable energy resource assessment and the financial analysis of potential renewable energy resource options. DHInfrastructure then evaluated the economic and financial viability of each renewable technology by using financial models to calculate the levelized cost of energy. Next, the team agreed on a set of scoring criteria with Government’s SREP National Task Force to capture national renewable energy policy goals and used the scoring criteria and the economic and financial analysis to prioritize technologies for the Investment Plan. As a final output, DHInfrastructure developed a complete Investment Plan, which identified specific investment opportunities in solar PV and battery storage and potential sources of funding for each opportunity.