Solar PV Farms

Solar PV farms in Mauritius

Photo by UNDP Mauritius

Solar PV Farms
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

Construct utility-scale solar photovoltaics (PV) plants connected to the grid and subject to Energy Supply and Purchase Agreement with Central Electricity Board (CEB) determining tariff and metering procedures.

Expected Impact

Mainstream clean energy use and scale up the share of renewable resources in national mix, reducing Mauritius' carbon footprint brought about by imported fossil fuels.

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).
15% - 20% (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.
Medium Term (5–10 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.
Utility solar PV capacity expected to increase from 80 MW to 300 MW by 2030
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
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.
Decent Work and Economic Growth (SDG 8) Industry, Innovation and Infrastructure (SDG 9) Responsible Consumption and Production (SDG 12)
Sector Sources
  • 1) Statistic Mauritius. Energy and Water Statistics-2020. 2) Government of Mauritius. 2013. Maurice Ile Durable: Policy, Strategy and Action Plan. 3) International Trade Administration. 2020. Mauritius Country Commercial Guide – Energy. 4) Government of Mauritius. 2009. Long Term Energy Strategy 2009-2025. 5) Ministry of Environment. 2020. Review of the Mauritius’ Nationally Determined Contributions (NDC). 6) UN Women. Mauritius. 7) UNDP. 2020. New Skills for New Jobs. 8) UNDP Mauritius. Gendered Voices. 2021. Climate Change Matters: Women Engage in Renewable Energy. › gendered-voices-2021. 9) Government of Mauritius. 2021. Budget Speech 2021-2022. 10) Government of Mauritius News. 2019. Home Solar Project: Government to consider increasing the 50 kWh of free monthly electricity. 11) Economic Development Board (EDB). 2020. Smart City Scheme. Guidelines. 12) International Renewable Energy Agency (IRENA). 2020. Energy Profile Mauritius. 13) United Nations Development Programme (UNDP). 2018. Procurement Notices: International Consultant to Undertake Feasibility Study for the Setting Up of a Floating Solar Photovoltaic (PV) Farm in Lakes and Reservoirs in Mauritius.
IOA Sources
  • 14) EthiCarbon by Energies 2050. La ferme – Bambous. 15) Aera Group. Support the largest Solar PV project in Mauritius, Project Name: Solitude. 16) United Nations Framework Convention on Climate Change (UNFCCC). 2019. CDM-PDD-FORM, Project: 10537 Solar PV based power generation by Voltas Green in Mauritius - History 17) ENL & Rogers Green Ventures. 2021. Summary materials for discussion. 18) EthiCarbon by Energies 2050. La ferme – Bambous. 19) UNDP stakeholder consultation conducted with a prominent private energy producer on November 12, 2021. 20) Republic of Mauritius. 2019. Renewable Energy Roadmap 2030. 21) Statistic Mauritius. 2020. Digest of Environment Statistics Year 2020. 22) Khaled Diab. 2021. There are grounds for concern about solar power. 23) Union of Concerned Scientists. 2013. Environmental Impacts of Solar Power. 24) EAI. 2020. Solar explained, Solar energy and the environment. 25) Economic Development Board (EDB). Renewable Energy. 26) UNFCC. 2018. Project design document form - Solar PV based power generation by Voltas Green in Mauritius. 27) UNDP. 2019. Procurement Notices - Feasibility Study for the Setting Up of a Floating Solar PV in Lakes and Reservoirs in Mauritius. 28) UNFCC. 2016. Project design document form for CDM project activities - Project 10317 : La Ferme – Bambous 15 MW solar power farm. 29) Ministry of Environment, Solid Waste Management and Climate Change. 2017. EIA Reports. 30) Meeco. Solar Energy in Mauritius. 31) IRENA. 2019. Renewable Energy: A Gender Perspective. 32) UNDP Africa. 2017. 33) CEB. Overview, 34) Sibyl Nelson, Anne T. Kuriakose, Climate Investments Fund. 2017. Gender and Renewable Energy: Entry Points for Women’s Livelihoods and Employment. 35) Green Climate Fund (GCF). 2017. Gender action plan for FP033: Accelerating the transformational shift to a low-carbon economy in the Republic of Mauritius. 36) UNDP Mauritius. 2020. Three reasons why energy transition is important for Mauritius COVID-19 economic recovery. 37) Nicolas Richard. November 2021. Africa Energy Futures: Mauritius. 38) UNDP. How Mauritius' Energy Transition will Support It's COVID-19 Recovery. 39) Mauritius Renewable Energy Agency. 2018. Renewable Energy Strategic Plan (RESP) 2018-2023. 40) President of the Republic of Mauritius. 2020. Government Programme 2020-2024, Towards an Inclusive, High Income and Green Mauritius, Forging Ahead. 41) President of the Republic of Mauritius. 2015. Mauritius Renewable Energy Agency Act 2015. 42) President of the Republic of Mauritius. 2011. Energy Efficiency Act 2011. 43) President of the Republic of Mauritius. 2004. Utility Regulatory Authority Act 2004. 44) Republic of Mauritius. 2002. Environmental Protection Act 2002. 45) Government of Mauritius. 2022. Budget Speech 2022-2023.