Global Market Assessment of Floating Solar PV System (PPP or Private Sector Led) Tender

Procurement Summary

Country : USA

Summary : Global Market Assessment of Floating Solar PV System (PPP or Private Sector Led)

Deadline : 12 Apr 2021

Other Information

Notice Type : Tender

TOT Ref.No.: 51890673

Document Ref. No. : 1273971

Competition : ICB

Financier : World Bank (WB)

Purchaser Ownership : -

Tender Value : Refer Document

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Tender Details

Expression of Interest are invited for Global Market Assessment of Floating Solar PV System (PPP or Private Sector Led).

REQUEST FOR ExPRESSION OF INTEREST FOR SELECTION # 1273971

This Request for Expression of Interest is for a Firm Selection. Please log in as a valid Firm User if you wish to express interest in this selection.

Selection Information

Assignment Title

Global market assessment of floating solar PV system (PPP or private sector led)

Publication Date

01-Apr-2021

Expression of Interest Deadline

12-Apr-2021 at 11:59:59 PM (Eastern Time - Washington D.C.)

Language of Notice

English

Selection Notice

Assignment Country

· No Countries Assigned

Funding Sources

The World Bank Group intends to finance the assignment/services under:

· BB - BANK BUDGET

Individual/Firm

The consultant will be a firm.

Assignment Description

SELECTION FOR CONSULTANTS BY THE WORLD BANK GROUP

REQUEST FOR ExPRESSIONS OF INTEREST

Electronic Submissions through World Bank Group eConsultant2
https://wbgeconsult2.worldbank.org/wbgec/index.html

ASSIGNMENT OVERVIEW

Assignment Title: 1273971 - Global market assessment of floating solar PV system (PPP or private sector led)


ASSIGNMENT DESCRIPTION

The objective of this study is to: (i) conduct a targeted global mapping to identify and shortlist key markets (8-10 countries) for FPV investments (both as an add-on to existing HPP assets and as stand-alone systems on existing reservoirs, lakes and other appropriate water bodies) that will lead to private sector investments in 2-5 years; (ii) identify and assess the different private sector business models and their pros and cons including identifying potential private sector sponsors with whom IFC could potentially engage to pursue FPV activities; (iii) carry out cost benchmarking (balance of system and O&M costs) and technical standards setting; and (iv) provide support for small-scale pilot projects, where appropriate, as proof of concepts to catalyze future scaled-up investment.
The mapping will focus on markets where there are existing frameworks and track record for private sector participation (IPPs) which can be leveraged to mobilize private sector for deployment of floating solar. IFC and the consultant will identify 8 10 countries at the outset of the assignment based on technical, regulatory, and commercial factors.

A draft TOR has been included for illustrative purposes. The TOR is not final and potential consultants can expect the TOR to be updated further as the selection process progresses.


SUBMISSION REQUIREMENTS
The World Bank Group now invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Consultants may associate to enhance their qualifications.

Interested firms are hereby invited to submit expressions of interest.

Expressions of Interest should be submitted, in English, electronically through World Bank Group eConsultant2 (https://wbgeconsult2.worldbank.org/wbgec/index.html)

NOTES
Following this invitation for Expression of Interest, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.

Only those firms which have been shortlisted will receive notification. No debrief will be provided to firms which have not been shortlisted.

Attachments

· Optional TOR File

Qualification Criteria

· 1. Demonstrate that the firm/team has a cumulative experience of 12-15 years in power projects, minimum 8 years in utility-scale solar projects and minimum 3 years of experience in floating solar PV is highly preferred.

· 2. Demonstrate experience working in Asia and Africa particularly in markets that provide high potential for PPP or private sector-led floating solar plants.

· 3. Demonstrate that the firm can propose a team composed of a Team leader, Technical Expert, Transaction Advisor and E&S specialist and provide relevant information of the team.










TERMS OF REFERENCE FOR THE CONSULTING FIRM
GLOBAL FLOATING SOLAR PROGRAM
Infrastructure Upstream Unit
Global Seed Floating Solar Program

A. Project Background
The International Finance Corporation (IFC) headquartered in Washington D.C., USA is the private sector investment arm of the World Bank Group. Established in 1956, IFC-s mission is to promote private sector investments in developing countries, with the objectives of reducing poverty and improving people-s lives. IFC offers a full range of financial products and services to companies in its developing member countries, through long term loans, equity investments, guarantees and advice. IFC helps increase access to basic services by financing infrastructure projects and advising clients and governments on Infrastructure finance.

IFC-s Global Upstream Infrastructure (Energy) team is developing various upstream initiatives to address energy sector challenges across regions and to help in global energy transition by:
- Unlocking new business opportunities for clean energy generation in emerging markets and developing economies;
- Increasing access to energy for the underserved and underdeveloped countries; and
- Deploying new technologies across the energy value chain (generation, transmission and distribution) and helping countries adopt international best practices.

Floating solar PV (FPV) is an emerging technology that brings new opportunities to scale up solar power generation in geographies with land constraints and high population densities and also complements hydropower generation by improving the electricity output and capacity factor of the plants through reduction in evaporation and off-setting peak loads during dry seasons . According to a recent study by the World Bank, the global potential of FPV is estimated to be 400 GW . Yet, as of 2020, the total installed capacity of FPV adds up to only 2.6 GW, with China accounting for 73% of installed capacity.

Nonetheless, the market looks promising with demand for FPV projected to grow at 22% through 2024 and the global investment potential for FPV estimated to grow from $13.8 million in 2015 to $2.7 billion by 2025 . At some hydropower plants (HPPs) with large reservoirs, FPV could double the installed capacity using less than 5% of reservoir area.

Most of the installations to date are small systems (3 mw) with the largest six projects having cumulative capacity of over 700 mw in china. the rest of the world accounts for 40 mwp of floating solar projects spread across more than 20 countries. in asia, bangladesh, india, indonesia, laos, malaysia, sri lanka, thailand, and vietnam are among the countries that have announced plans to build larger floating solar projects in recent years. in africa, morocco, egypt, parts of sub-saharan africa as well as islands like seychelles and maldives have multiple candidate sites for consideration.

in summary, despite such high global potential - as well as fpv co-benefits from symbiosis with hpps and increasing interest among countries - fpv represents only 0.5% of total solar installations globally.

as a nascent technology, fpv embodies various technical, environmental, market, legal, and regulatory challenges that need to be addressed to increase investments in fpv projects. key barriers include:

i. high system costs: fpv system costs are about 20-25% higher than ground mounted solar mainly due to costs of necessary floating structures, anchoring and mooring systems, and - to a lesser extent - development costs. however, in densely populated sites, after incorporating the costs of land acquisition, the levelized cost of electricity (lcoes) of fpvs can be comparable to that of ground mounted counterparts.
ii. technical design and performance risks: as floating solar involves under-water civil and electrical work, special expertise is required for anchoring and mooring as well as technical safety measures for cable management and insulation, and overall operations and maintenance. this can add to o&m costs and further narrow the list of suitable epc and o&m contractors. fpv systems also operate under constant friction and mechanical stress (particularly from waves) and are subjected to higher risk of degradation and corrosion from moisture. this necessitates higher technical standards for the system components, better warranties, and more robust stress testing of the systems.
iii. regulatory environment: lack of appropriate licensing, permitting, auction schemes, concession frameworks (particularly for potential projects in publicly-owned hpp sites) and lack of clear regulatory guidance on water use rights can act as market barriers to attract private sector investment.
iv. proof of concept and proven business models: some markets may require pilot installations as proof of concept to develop the technical capacity, help in commercialization and creating the enabling environment without which public and private sector stakeholders may not be able to quantify the risks and identify appropriate mitigation measures. identification of the appropriate business model for a given market (ipp with long term contracts, ppp with public sector concession, captive generation for commercial, industrial and agricultural uses etc.) is also a key success factor to scale up fpv investments.
v. site selection: ownership of reservoir, rights for access to develop fpv, and potential conflicts with boat traffic and other water uses must be identifie

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