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Solar investment subsidy support program

Solar investment subsidy support program
Investing in Infrastructure (3i)

Investing in Infrastructure (3i) is a five year, nationwide, social investment program funded by the Australian Government and being implemented by Palladium. The program promotes investments in rural water and electricity infrastructure. More information can be found on the website: www.3icambodia.org

3i is planning to launch a support program to improve the investment viability of larger scale solar development projects in Cambodia.  This document is a Request for Proposals (RFP) for project owners, investors, contractors and other parties involved in solar project development in Cambodia (collectively, project “sponsors”) to submit proposals for 3i investment subsidy support to enable investment viability for their project.  

3i is inviting project sponsors to submit short-form project proposals as further detailed below to determine the level of market interest in a solar investment subsidy facility.  The project proposals received will assist in the final design of the investment subsidy offer to the market.  To be eligible for the investment subsidy, a project sponsor must submit a short-form response to this EoI.

As a result of this project, one or more larger scale solar projects which are not investment viable without 3i support are completed and become operational in Cambodia; and completed project(s) create examples of viable proof-of-concept solar projects in-country to support the further self-sustainable development of large scale solar in Cambodia.

Project and information requirements
To qualify for consideration, 3i requires projects to meet the following criteria:
♦ Projects should have a size of 2.0 – 5.0MWp.
♦ The project should supply its energy to multiple end users, such as Industrial Zones, or through distribution networks including EdC, REEs and private distribution line operators. The main off-taker party should be identified.
♦ The sponsor must demonstrate financial capability to execute the proposed project, either through its own financial resources or though potential 3rd party equity and debt providers already identified.

3i requests that project owners submit a project profile of no more than 4 pages, outlining the following:
♦ Project description with details on:
 - planned capacity (kWp),
 - planned investment size (USD),
 - geographic location,
 - off-taker entity,
 - target pricing for electricity (USD/kWh); and
 - any other relevant project information.
♦ Short profile of project developer
♦ Details of current project status including the anticipated availability of key project items such as MoU or other agreement with off-taker, planned licensing arrangements, and planned debt financing levels and sources.
♦ Sponsor’s ability to fund the equity portion of the project through own resources or 3rd party sources for equity.
♦ Target project timeline
♦ High level financial business plan with, revenue, cost, investment and financing assumptions.

A copy of the full Expression of Interest for this intervention can be obtained from the 3i website www.3icambodia.org.  

Email your application addressing the criteria stated to [email protected] with the reference “S.2017.01 – Solar investment subsidy support program” in the subject line.  

The deadline for submitting a response to this Expression of Interest is 5:00pm, Friday 19 May 2017.

Investing In Infrastructure (3i) is supported by the Australian Government and managed by Palladium.