2019中国国际新能源年会-孙浩-世界银行.pptx

2019中国国际新能源年会 IFC 国 际 金融公司 孙 浩 Hao Sun January 16, 2019 IFC: A MEMBER OF THE WORLD BANK GROUP Conciliation and arbitration of investment disputes Guarantees of foreign direct investment’s non- commercial risks Interest-free loans and grants to governments of poorest countries Loans to middle-income and credit-worthy low-income country governments Solutions in private sector development IBRD International Bank for Reconstruction and Development IDA International Development Association IFC International Finance Corporation MIGA Multilateral Investment Guarantee Agency ICSID International Centre for Settlement of Investment Disputes IFC investment in Renewable Energy sector in East Asia 1. China (RE generation ratio: 25%) • Started from 2004, IFC has invested in hydro, wind, solar and waste-to-energy • More rationalized market: subsidy reduction, improving utilization and curtailment, energy storage 2. Thailand (17%) • IFC invested in SPC (solar) since 2012 • Policies to determine future course of RE; rooftop solar may have an opportunity 3. Indonesia (13%) • Supported two companies for gas, geothermal and hydro • Frequent policy changes and reduced capacity addition hinders growth; geothermal, solar+storage will grow 4. Philippines (31%) • Supported hydro, geothermal, solar and biomass • New RE portfolio standards (RPS) inadequate to support additions till mid 2020s; rooftop and wind 5. Vietnam (7.5%) • Supported a hydro company that turned into solar business • Strong interests despite “unbankable” solar PPA; solar and wind continue to grow; IFC can only do equity or mezz finance at the moment IFC view on disruptive technology in power sector 1. Solar and wind will still be the key renewable energy resources for the future, with technology and cost improvement 2. Battery technology is developing fast, “solar + energy storage” will be dynamite for the sector 3. Nothing facilitates renewable penetration more than flexible gas – for ASEAN countries, flexible gas + renewables to displace coal 4. The biggest Road Block to sharing benefits of RE is The Grid – MicroGrid solution and Distributed Generation for certain countries 5. Digitalization and IT technologies will promote DG and MicroGrid 6. Power SupplyCo business model to rebundle of Genco and Supply 7. Private sector will be the drive of the technology development