RCREEE Holds a Training on Investment-grade Calculation, Forecasting and Analysis of Renewable Energy and Energy Efficiency Projects

Capacity development in the Arab region needs both technical and financial knowledge to ensure the cost effective planning of future sustainable development projects. In this context, the Regional Center for Renewable Energy Efficiency (RCREEE) in cooperation with the German Development Cooperation (GIZ), the Egyptian Ministry of Electricity and Renewable Energy and the New and Renewable Energy Authority (NREA) organized a three-day intensive training course from 12 to 15 May 2015 in Cairo, on dynamic investment-grade calculation, forecasting and feasibility analysis of Renewable Energy and Energy Efficiency projects in the Arab countries. 


The course’s aim was to strengthen Arab experts’ skills and knowledge on how to evaluate RE and EE economic profitability and to calculate the cash-flows of energy contracting projects. The course also presented economic and financial fundamentals, project cost drivers, financial viability, returns and financial risks assessment. In addition to that, it included a hands-on training using a business financial Excel tool developed by the GIZ. 

The event was also an opportunity to exchange own business cases between participants and to visit Zaafarana wind farm and then to share and learn more about Egyptian experience in RE deployment.

The training course attracted more than 25 experts from 8 RCREEE Member states namely: Djibouti, Egypt, Jordan, Lebanon, Libya, Morocco, Palestine and Sudan who enjoyed the practical experience and gave a very positive feedback, and assured that they will use the tool in their future projects. The attendees consisted of RE and EE business and strategy analysts, project developers and manager, energy policy makers, planners, bankers and senior professionals from both the public and private sectors, who are involved in formulating and implementing RE and EE projects at the regional level. 

The profitability of renewable energy (RE) and energy efficiency (EE) projects and the implementation of appropriate financial mechanisms are among the main drivers to promote and accelerate RE and EE deployment. Besides, they help in creating the adequate environment to mitigate investment risks for public and private sectors.