Grid-Connected Rooftop Solar PV Systems

Grid-Connected Rooftop Solar PV Systems

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Grid-Connected Rooftop Solar PV Systems
Grid-Connected Rooftop Solar PV Systems
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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

Install grid-connected rooftop solar panels for domestic and commercial use, notably fish processors, cold storage facilities, hotels, and public institutions, abiding by the Public Utilities Corporation (PUC) network limitations: a) domestic consumers are allowed to install PV panels to generate up to 100 % of their monthly consumption, b) commercial consumers who produce more than 10kW, are allowed to generate up to 50% of their monthly consumption. Each application is filed to Seychelles Energy Commission (SEC) and subject to PUC’s analysis and inspection, regarding the impact on the grid and net-metering billing arrangements.

Expected Impact

Increase clean energy access and share in the national mix, helping business continuity and cost reduction as well as modernization of the grid.

How is this information gathered?
Updated: 6 Jul, 2023 Date of Production: 1 Feb, 2023
Seychelles
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).
> 25% (in ROI)
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.
Short Term (0–5 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.
Total electricity consumption exceeding 400 million kWh
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7) Climate Action (SDG 13)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Industry, Innovation and Infrastructure (SDG 9) Sustainable Cities and Communities (SDG 11) Responsible Consumption and Production (SDG 12)

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Sector Sources
  • 1) Republic of Seychelles Ministry of Finance, Trade, Investment & Economic Planning, Economic Planning Department. 2020. Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all. In Voluntary National Review 2020. https://sustainabledevelopment.un.org/content/documents/26382VNR_2020_Seychelles_Report.pdf 2) Ministry of Environment, Energy and Climate Change (MEECC). 2010. Proposal for Energy Policy of the Republic of Seychelles, 2010 – 2030. https://investinseychelles.com/downloads/renewable-energy-documents/seychelles-energy-policy/viewdocument/22 3) Government of Seychelles. 2020. Seychelles’ National Climate Change Policy. Ministry of Environment, Energy and Climate Change, Seychelles. http://www.meecc.gov.sc/wp-content/uploads/2019/10/seychelles-national-climate-change-policy-may-2020.pdf 4) Republic of Seychelles Climate Change and Energy Department of the Ministry of Agriculture, Climate Change and Environment. 2021. Seychelles’ Updated Nationally Determined Contribution. https://www4.unfccc.int/sites/ndcstaging/PublishedDocuments/Seychelles%20First/Seychelles%20-%20NDC_Jul30th%202021%20_Final.pdf 5) National Bureau of Statistics Seychelles. 2019. Poverty Profiling Regional Survey Report 2017/2018 Survey. https://www.nbs.gov.sc/downloads/poverty-profiling-report-2017-2018/viewdocument 6) Power Africa. 2017. Exploring the Relationship Between Energy Access and Gender-Based Violence. https://powerafrica.medium.com/exploring-the-relationship-between-energy-access-and-gender-based-violence-ee8d9e320437 7) Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. 2020. Greenhouse Gas Inventory & Mitigation Strategies for the Refrigeration and Air Conditioning Sector in the Seychelles. https://www.green-cooling-initiative.org/fileadmin/user_upload/RAC-Inventory-SEY-20201217-web-alternative.pdf 8) International Renewable Energy Agency (IRENA). 2021. Energy Profile Seychelles. https://www.irena.org/IRENADocuments/Statistical_Profiles/Africa/Seychelles_Africa_RE_SP.pdf 9) Ministry of Finance, Trade, Investment and Economic Planning. 2019. Seychelles Vision 2033. http://www.finance.gov.sc/uploads/files/Vision_2033.pdf 10) Ministry of Finance, Trade, Investment and Economic Planning. 2019. Seychelles National Development Strategy 2019-2023. http://www.finance.gov.sc/uploads/files/Seychelles_National_Development_Strategy_2019_2023_new.pdf 11) National Bureau of Statistics. 2021. Statitical Bulletin Formal Employment and Earnings 2020/Q4. https://www.nbs.gov.sc/downloads/employment-earnings-2020-q4/viewdocument 12) Mo Ibrahim Foundation. 2020. Ibrahim Index of African Governance. https://mo.ibrahim.foundation/sites/default/files/2020-11/2020-index-report.pdf 13) Public Utilities Corporation (PUC). 2021. Application procedure for Photovoltaic (PV) installation. https://www.puc.sc/wp-content/uploads/2021/06/Application-procedure-for-Photovoltaic-PV-installation.pdf 14) Seychelles News Agency. 2019. Pro-environment legislation in Seychelles will demand energy efficient appliances and buildings. http://www.seychellesnewsagency.com/articles/10688/Pro-environment+legislation+in+Seychelles+will+demand+energy+efficient+appliances+and+buildings 15) Europa-Universität Flensburg Center for Sustainable Energy Systems (CSES). 2017. A 100% renewable Seychelles A plan to change the Seychelles’ power supply to 100% renewables, its costs and possible benefits. https://www.uni-flensburg.de/fileadmin/content/abteilungen/industrial/dokumente/downloads/veroeffentlichungen/diskussionsbeitraege/znes-discussionpapers-008-100ee-mahe.pdf 16) UNDP Project Team stakeholder consultation conducted jointly with public authorities, a key national supplier of solar equipment in Seychelles and a foreign solar project development firm operating in Seychelles, in May 2022.
IOA Sources
  • 17) Karapetyan, Salifa. 2022. Solar power planned for one of world's largest tuna canneries based in Seychelles. Seychelles News Agency: Victoria. http://www.seychellesnewsagency.com/articles/16182/Solar+power+planned+for+one+of+world%27s+largest+tuna+canneries+based+in+Seychelles 18) National Bureau of Statistics. 2021. Seychelles in Figures 2021 Edition. Victoria, Seychelles. https://www.nbs.gov.sc/downloads/seychelles-in-figures-2021-edition/download 19) National Bureau of Statistics. 2015. Seychelles in Figures 2015 Edition. Victoria, Seychelles. https://www.nbs.gov.sc/downloads/seychelles-in-figures-2015-edition/download 20) UNDP Project Team consultation undertakenwith a public stakeholder in May 2022. 21) UNDP Project Team stakeholder consultation undertaken with a local solar panel supplier in May, 2022. 22) Organisation for Economic Co-operation and Development (OECD). 2022. Development Finance Topics: Small Island Developing States. https://www.oecd.org/dac/financing-sustainable-development/development-finance-topics/small-island-developing-states.htm 23) African Development Bank Group. 2021. Country Strategy Paper (CSP) 2021-2025. https://www.afdb.org/en/documents/seychelles-country-strategy-paper-2021-2025 24) Climate Watch Historical GHG Emissions. 2022. Washington, DC: World Resources Institute. Available online at: https://www.climatewatchdata.org/ghg-emissions 25) Republic of Seychelles. 2012. Energy Act. https://www.climate-laws.org/rails/active_storage/blobs/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBbjhIIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--595c7a329005829ff2ce816d82b039d111ecb9a5/f 26) Seychelles Nation. 2021. Carrying capacity studies on La Digue. https://nation.sc/articles/9897/carrying-capacity-studies-on-la-digue#:~:text=A%20moratorium%20on%20the%20development,afternoon%20at%20the%20Botanical%20House. 27) Republic of Seychelles. 1985. Public Utilities Corporation Act (Cap. 196). http://extwprlegs1.fao.org/docs/pdf/sey116793.pdf 28) U.S. Department of State. 2022. 2022 Investment Climate Statements: Seychelles. https://www.state.gov/reports/2022-investment-climate-statements/seychelles/ 29) The United Nations Conference on Trade and Development (UNCTAD). 2020. Investment Policy Review of Seychelles. United Nations, Geneva. https://unctad.org/system/files/official-document/diaepcb2020d1_en_0.pdf 30) Republic of Seychelles. 2010. Seychelles Investment Act. http://www.mofbe.gov.sc/wp-content/uploads/2021/09/Seychelles-Investment-Act-2010.pdf 31) Republic of Seychelles. 2015. Meteorology Act, 2015. http://extwprlegs1.fao.org/docs/pdf/sey150949.pdf 32) Joubert-Lawen, Rita. 2022. Renewable energy: Make products more accessible to public, says Seychelles Energy Commission. Seychelles News Agency: Victoria, Seychelles. http://www.seychellesnewsagency.com/articles/17255/Renewable+energy+Make+products+more+accessible+to+public%2C+says+Seychelles+Energy+Commission 33) Mauritius Commercial Bank (MCB) Seychelles. 2022. https://www.mcbseychelles.com/en/ 34) The Ministry of Finance, Trade, Investment and Economic Planning. 2020. Policy Paper on Economic Activities Reserved for Seychellois. https://www.investinseychelles.com/component/edocman/reserved-economic-activities-policy-reap-_april-2020/download?Itemid=0 35) Ministry of Investment, Entrepreneurship, and Industry. 2022. Seychelles Investment (Economic Activities) Regulations, 2022. https://www.gazette.sc/sites/default/files/2022-07/SI%2076%202022%20-%20Seychelles%20Investment%20%28Economic%20Activities%29%20Regulations%202022.pdf 36) UNDP Project Team sensitization meeting with public investment authorities in November 2022.