April 21, 2018
In the National Renewable Energy Action Plan (NREAP) 2016-2020, the Government of Lebanon set out the country’s primary purpose of achieving 12% renewable energy by the year 2020. Lebanon also outlines a vision for a tangible renewable target by 2030, considering its total demand for heat and power is expected to more than double between 2015 -2030. The NREAP also envisages that utility scale renewable energy projects to be financed exclusively through private investments.
UNDP is working with the Government of Lebanon to support the country’s security of supply of energy by means of low-carbon technologies. UNDP is providing this support under the umbrella of three projects:
- The Low Emission Capacity Building (LECB) project with the Ministry of Environment (MoE) serving as the national implementing partner and funded by the European Union (EU), and the Governments of Australia and Germany
- The Small Decentralized Renewable Energy Power Generation (DREG) project implemented with the Ministry of Energy and Water (MoEW) and the Lebanese Center for Energy Conservation (LCEC) and funded by Global Environment Facility (GEF)
- The EU funded fourth phase of the Country Energy Efficiency and Renewable Energy Demonstration Project for the Recovery of Lebanon (CEDRO 4) programme.
The objective of this report is to analyse the most cost-effective public derisking measures to promote private sector investment in large-scale wind energy and solar PV in Lebanon. The report sets out the results from a quantitative, investment-risk informed modelling analysis. Modelling data has been obtained from structured interviews with private sector investors and developers. The report was prepared in close coordination with both the Ministry of Environment and the Ministry of Energy the National Renewable Energy Action Plan (NREAP) 2016-2020, the Government of and Water as well as Electricité du Liban (EDL).
The following materials on DREI Lebanon are available for download (top right-hand side box):
- Key Points for Decision-Makers (PDF)
- Executive Summary (PDF)
- Full Report (PDF)
- LCOE Financial Tool (Excel). Available for both wind energy and solar PV
For more information on UNDP’s derisking work, please visit the main DREI page.