Micro-grids for Rural Customers

Micro grid

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Micro-grids for Rural Customers
Micro-grids for Rural Customers
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

Micro-grids have the potential of providing affordable and clean energy for rural communities while also reducing the dependency on foreign energy supply. Micro-grids could be powered by small utility-scale solar systems with backup and storage capabilities to ensure reliable power supply. This project seeks to provide micro-grid power to rural communities in Belize.

Expected Impact

Increasing domestic generation will reduce power costs and reduce/offset carbon emissions.

How is this information gathered?
Updated: 13 Dec, 2023
Belize
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
5% - 10% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Long Term (10+ years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
5% - 10% (CAGR)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7) Climate Action (SDG 13)

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Sector Sources
  • "1) Belize Electricity Limited. (2020). Annual Report. Retrieved from https://www.bel.com.bz/annual_ reports/ Annual%20Report%202020.pdf " "2) International Renewable Energy Agency. (2018). Renewable Capacity Statistics 2018. Retrieved from https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2018/Mar/IRENA_RE_Capacity _Statistics_2018.pdf " "3) Belize Electricity Limited. (2018). Annual Report. Retrieved from https://www.bel.com.bz/annual_ reports/Annual%20Report%202018.pdf " "4) Bunker, Kaitlyn, Roy Torbert, et al., (2018). Belize Consolidated Project Plan. Rocky Mountain Institute. Retrieved from http://www.rmi.org/Belize-consolidated-project-plan " "5) Energy Transition Initiative. (2015). Energy Snapshot: Belize. Retrieved from https://www.nrel.gov/docs/ fy15osti/62707.pdf " "6) CO2 Scorecard. Retrieved from https://co2scorecard.org/countrydata/Index/4136. Retrieved on August 2021" "7) Belize Electricity Limited. (2018). Annual Report. Retrieved from https://www.bel.com.bz/annual_ reports/Annual%20Report%202018.pdf "
IOA Sources
  • "8) Belize Electricity Limited. (2020). Annual Report. Retrieved from https://www.bel.com.bz/annual_ reports/ Annual%20Report%202020.pdf" "9) United Nations Foundation. (20). Microgrids for Rural Electrification: A Critical Review of Best Practices Based on Seven Case Studies. Retrieved from https://www.cmu.edu/ceic/assets/docs/ publications/ reports/ 2014/micro-grids-rural-electrification-critical-rev-best-practice.pdf " 10) Government of Belize. (n.d). Preliminary Ranking of Villages for Mini-grid System