Renewable Energy and Smart Power Opportunities
Secure and Affordable Renewable Energy Deployment
Big picture strategy
October 21, 2016
October 21st: the Government of Mali has signed an agreement with R20 Regions of Climate Action and Akuo Energy to develop bankable renewable energy projects in various regions of the country. The duo has designed a project for a 50 MW solar PV plant in Kita, and conducted technical studies assessing the feasibility of installing such a plant. For more information visit the R20 website.
July 5, 2016
Predictions of blackouts and supply “crunches” will be plastered all over the media this autumn, as every year. We do not believe the lights will go out, but much greater focus is needed on modernising the power system, signalling the value of flexibility alongside energy revenues, and stimulating consumers to respond to changing supply conditions. Click here for more.
February 26, 2016
NRP and Lazarus have prepared a research note on investment opportunities arising from disruptions in electricity markets caused by new wind and solar power plants. The note highlights that media doomsaying on security of supply misses the point that these disruptions are opening the way for new infrastructure assets, including new transmission, demand response, storage, and fast flexible CCGTs.
October 26, 2015
New Resource Partners has joined the Grid Integration of Variable Renewables (GIVAR) Programme of the International Energy Agency, to provide input on increasing power market flexibility to manage high shares of variable renewable such as wind and solar PV. For more about the programme, please visit the GIVAR Programme page at the IEA.
October 15, 2015
Against a back-drop of reduced system margin this winter, Hugo Chandler presented to a wide cross-section of the UK electricity industry, public sector and large consumers on the increasing need for flexible power assets to manage the more than 30GW of wind and solar expected in Great Britain by 2020. For slides and further details, visit the OFGEM website
September 16, 2015
New Resource Partners was in Delhi this week to moderate a workshop focused on accelerating India’s uptake of renewables through early identification of integration and market barriers. MNRE Joint Secretary Varsha Joshi highlighted the opportunity wind represents to India and the major challenges still to be resolved. For further details, visit the IEA webpage.
July 14, 2015
HM Government of Gibraltar hosted the most recent gathering of UK overseas territories, and showcased its ambitions for renewable energy deployment, which New Resource Partners have shown to have strong foundations. For more information, visit the UK Overseas Territories Conservation Forum.
June 24, 2015
Hugo Chandler presented at IRENA’s Martinique conference – Island Energy Transitions: Pathways for Accelerated Uptake of Renewables – highlighting NRP’s techniques developed in-house for appraising market risk in island power markets and modelling RE deployment. For further information about the conference, visit IRENA’s conference website.
March 31, 2015
New Resource Partners has engaged with R20 Regions of Climate Action in the identification of renewable electricity investment opportunities across West and Central Africa. Principal activities include appraisal of electricity market and project development risk, and the identification of government actions to reduce barriers to deployment. For more information on R20’s activities, visit the R20 website.
New Resource Partners is a boutique advisory supporting institutions and investors in the transition from conventional energy to renewables.
Our job is to help our clients benefit from renewable energy. To drive investment in renewable energy, governments must identify and dismantle barriers in their energy markets. Investors meanwhile need to understand which markets offer the greatest opportunities, where the risks lie, and how these will affect their business.
We believe the transition from fossil fuels to renewables will accelerate. Opportunities vary according to local resources, energy demand, internal and external energy costs, and existing infrastructure to name but a few.
These factors, and trade-offs among strategic objectives such as affordability, sustainability and energy resilience, create complexity as well as a diversity of opportunities. Our deep understanding of policy, market and technical aspects is essential in the de-risking of renewables deployment.
New Resource Partners is at the forefront of practical, real-world renewable energy strategy development and risk assessment. With more than 25 years of renewable energy experience, including work in India, Latin America, Japan, and Europe, our team has developed a number of services to appraise and improve opportunities for renewable energy deployment in all kinds of electricity markets.
Electricity Sector Risk Appraisals
It is often the case that willingness to invest is not matched by investor confidence in the risk profile. Particularly in the developing world, a gap persists between the due diligence done for a specific investment project, and understanding of underlying geopolitical aspects. Between these two strata lie risk factors relating to infrastructure, market design, policy and a host of others. Our energy market risk and project risk appraisal services are designed ensure that investments to not sink into the unknown.
Smart Power Project Origination
NRP works with financial institutions to advise large investors on emerging smart power infrastructure investment opportunities in Europe. These include cross-border interconnectors, including sub-sea cables, storage projects, and demand response aggregators. These assets underpin dynamic, modern power systems. They feature a range of different revenue streams, and offer optionality to their owners and to the power system at a time when flexibility is increasingly important
Renewables Deployment Strategy
Governments may be willing to deploy renewables, and the benefits may be clear, but securing investment requires strong and consistent strategy. We help governments to identify what they need to do in order to see their renewable energy ambitions realised. Often in the form of strategy “roadmaps”, we develop an A to Z of coherent actions to scale-up deployment, including finance, policy design, project development, and grid integration.
System Integration of Renewables
Myths and misinformation continue to circulate regarding the challenges inherent in integrating the output of wind and solar power in existing power systems. Such technologies feature extensively in several European countries, but their secure operation remains misunderstood where deployment is nascent. We provide analysis of what challenges renewables will bring and how these can be addressed. We also provide capacity building for system operators to prepare them for the operational challenges they will encounter.
We work in many markets with many different types of client, all with one thing in common: a desire to see the cost effective and profitable deployment of renewable energy. Some recent and non-confidential examples of work are described here.
Indian Renewable Energy Roadmap 2030
Serious challenges remain before the achievement of Indian targets for renewable energy. The roadmap addresses obstacles in the design and operation of electricity grids and markets, renewable and wider energy policy, and the investment environment. These are addressed for the sub-continent as a whole, with case study focus on Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Gujarat and Rajasthan among others.
- Indian Renewable Energy Roadmap 2030
Market Integration of Variable Renewables
New Resource Partners has prepared analysis for the National Renewable Energy Laboratory of the US Government, as part of the Clean Ministerial Process. This consisted of detailed case studies pertaining to the successes and remaining obstacles in the integration of variable output renewable energy technologies such as solar and wind power in European grid networks and power markets.
- Market Integration of Variable Renewables
Market Integration of Variable Renewables
New Resource Partners has conducted a number of power market surveys for the International Energy Agency to build understanding of the characteristics of power systems and markets that hinder or enable the reliable and economic integration of variable renewable energy technologies, such as solar and wind power. Case studies markets include Japan, India, Brazil, Germany, France, the United Kingdom, Sweden, Norway, and Denmark.
- Market Integration of Variable Renewables
The Wind Energy How2Guide
New Resource Partners supported the International Energy Agency in the development and drafting of its How2Guide for Wind Energy, the first in a new series of publications by the IEA. The How2Guide draws on the IEA Wind Energy Technology Roadmap as well as on insights gained from industry and government stakeholders during the drafting of the publication itself.
- The Wind Energy How2Guide
New Resource Partners worked with Local Partnerships to design a project to attract public investment into renewable energy projects in UK urban areas. The project focused on the development of an investment pipeline, assessing potential investment segments & projects, and capacity building of institutions.
- Investment Origination
New Resource Partners is engaged with R20 – Regions of Climate Action in the identification of renewable electricity investment opportunities across West and Central Africa. Principal activities include appraisal of electricity market and project development risk, and the development of tools and roadmaps for governments to reduce barriers to renewable energy deployment.
- Investment Origination
Government Capacity Building
New Resource Partners has provided a series of lectures to officials of developing economy governments as part of the International Energy Agency’s training programme for non-member countries of the OECD. Principal topics have included renewable energy technology, recent policy design and best practice, and the system and market integration of these technologies.
- Government Capacity Building
Renewable Energy Strategy for Gibraltar
New Resource Partners has assisted the Government of Gibraltar in developing a cogent strategy for renewable energy, and is engaged in assisting the government with the deployment of power plants in line with its targets for 2020 and beyond. The strategy highlights opportunities for near-term deployment of renewable energy, and maps out long-term deployment, reconciling environmental, cost, reliability, and energy security criteria.
- Renewable Energy Strategy for Gibraltar
Hugo Chandler has worked with the renewable energy industry and with governments active in the field for fifteen years, in Europe, India, China and elsewhere. Initially solely on renewables, his focus is now on the wider electricity sector, and in particular on increasing the ability of countries, regions and cities to accommodate ever larger shares of renewable energy.
Hugo led analysis of grid and market integration of renewables at the International Energy Agency (IEA) until 2012, and was the agency’s lead on wind energy. Prior to that, Hugo established the European Technology Platform for Wind Energy and led research policy at the European Wind Energy Association in Brussels. Earlier positions included research in the House of Commons in London and the OSCE in Copenhagen, and engineering at the Centre for Alternative Technology in Wales. Hugo holds an MSc in Environmental Technology from Imperial College, London. He co-founded New Resource Partners in 2012.
+44 (0)7771 873 777
Nick Gibbins has worked in government and the private sector in policy making and consultancy since 2000. Previous to co-founding New Resource Partners in 2012 he was part of Jones Lang LaSalle’s European sustainability consultancy, leading projects advising global investors on energy efficiency and renewable energy within their property portfolios.
Prior to that Nick held various positions within UK government involving the development and implementation of environmental policy, embedding sustainability into the lending strategies of EU public banks, and advising on the incorporation of renewable energy into urban master plans. He was also involved in the establishment of the London Mayor’s office. Nick holds an MSc in International Relations and Development from the School of Oriental and African Studies (SOAS) at the University of London.
+44 (0)7791 083 482
John brings expertise in sustainable infrastructure investment, including in the developing world, from more than 20 years of venture capital, private equity investment, and investment banking, with strong experience in the development of innovative climate finance products. John is also Chief Investment Officer of R20, working to deliver bankable green infrastructure projects to investors. He has been instrumental in creating a number of self-financing project development platforms including the 1GW West and Central African Renewable Energy Initiative, in partnership with corporations and investors. John has a BA (Hons), MA and MBA from the University of Cambridge.
Jean-Nicholas provides geopolitical risk analysis underpinning NRP’s Electricity Market Appraisal of Risk (EMAR) work, and strategic media work including the crafting of energy transition messages. Jean-Nicholas has worked in international news media for over a decade in New York, London, Paris and Baghdad. As Global Newsgathering Editor with ABC News, he covered major international news stories from the Arab Spring to Japan’s Fukushima disaster, from US combat operations in Iraq to the 2012 Olympics in London. Jean-Nicholas holds a Postgraduate Diploma in International Relations from the Institut d’études Politiques de Paris (Sciences-Po).
We are looking for talented analysts to assist with renewable energy strategy development work and market analysis. Applicants must have at least MSc. or equivalent level training and a minimum of two years practical experience. Experience in developing and/ or island markets an advantage.
Please send a CV and cover letter to email@example.com
+44/0 7791 083 482 / Skype: nmgibbins
+44/0 7771 873 777 Skype: hugochandler1
+44/0 207 287 1288
27 Danemere Street, London SW15 1LT, United Kingdom