presentation by jeffery dickinson
DESCRIPTION
Jeffery Dickinson, Asia Regional Manager - E+Co - ThailandTRANSCRIPT
TBLI Asia 2006, Bangkok, May 25-26
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How triple bottom line How triple bottom line investments contribute to investments contribute to
a modern rural energy a modern rural energy sector sector
Jeffery DickinsonE+Co - Asia
TBLI Asia 2006, Bangkok, May 25-26
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300+ million households lack access to any source of modern energy.
Energy infrastructure will likely pass them by.
Their basic sources of energy are threatened.
There is a limited flow of investment to support companies willing to serve these people.
The Energy PoorThe Energy Poor
TBLI Asia 2006, Bangkok, May 25-26
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Increases in quality of life and economic development are merely a wish rather than a reality.
But technologies exist, business models exist, ability and willingness to pay exist.
…the small, local enterprise is the key to bringing energy access.
Without Modern Without Modern Energy…Energy…
…But they can afford it.
TBLI Asia 2006, Bangkok, May 25-26
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Clean EnergyClean Energy
Solar PV and thermal, hydro, biomass, biogas, wind, efficiency equipment.
Will improve the lives of the energy poor … If financing is available for local entrepreneurs.
Requires combination of patient capital + services, local presence
TBLI Asia 2006, Bangkok, May 25-26
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A new investment space…A new investment space…Not charity - Combines public and private sector approaches and resources.
Blends resources from different sources.
Provides services and capital – the services provided both before and after investment reduce risk.
Still at the infant stage of cobbling together the value chain that would make it easy for investors to connect with specific opportunities. But the sector has good examples to look to and is gaining strength.
TBLI Asia 2006, Bangkok, May 25-26
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Vacvina - VietnamNational Association of Vietnamese Gardeners following a market approach to the sale of household biogas systems. Uses pig manure to produce methane sufficient for the cooking needs of a rural household. Provides clean cooking fuel, displacing fuelwood and coal briquettes and reducing indoor air and water pollution and methane emissions More than 9,000 digesters installed in the last 5 years
HighlightsE+Co Financing:US$ 82,000
Co-Financing: US$ ±400,000
Jobs Created: 200
Environmental Impact:Emissions reduced by 80,000 tons CO2E per year through the displacement of fuelwood and coal briquettes.
HighlightsE+Co Financing:US$ 82,000
Co-Financing: US$ ±400,000
Jobs Created: 200
Environmental Impact:Emissions reduced by 80,000 tons CO2E per year through the displacement of fuelwood and coal briquettes.
TBLI Asia 2006, Bangkok, May 25-26
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SELCO IndiaSuccessfully marketing small-scale photovoltaic (PV) power systems since 1995.
Sold 30,000 PV systems on a cash basis.
Also partnering with rural banks and micro-finance organizations to provide credit to customers.
With improved lighting households and enterprises are able to earn higher incomes.
HighlightsE+Co Financing: US$ 107,500
Co-Financing: US$ 4.5 million
Jobs Created: 143
Environmental Impact:Emissions reduced by 2,000 tons CO2 per year.
HighlightsE+Co Financing: US$ 107,500
Co-Financing: US$ 4.5 million
Jobs Created: 143
Environmental Impact:Emissions reduced by 2,000 tons CO2 per year.
TBLI Asia 2006, Bangkok, May 25-26
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SME Renewable Energy Co. SME Renewable Energy Co. CambodiaCambodia
Company marketing biomass gasifiers to rural industries, a spin-off from the NGO SME Cambodia
Provides grid quality electricity to rural communities, energy savings to small industries
HighlightsE+Co Financing: US$ 96,250
Co-Financing: US$ 94,850
Jobs Created: 7
Environmental Impact: Emissions reduction by 200 tons CO2 per year through the displacement of diesel.
HighlightsE+Co Financing: US$ 96,250
Co-Financing: US$ 94,850
Jobs Created: 7
Environmental Impact: Emissions reduction by 200 tons CO2 per year through the displacement of diesel.
TBLI Asia 2006, Bangkok, May 25-26
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New Types of Returns……Pays inNew Types of Returns……Pays in
Dollars, Euros, BahtkWh of clean energy generateLiters of clean waterTons of carbon avoidedNew jobs created
The strength is that the new investment vehicles measure and evaluate these benefits with the same rigor as they count financial returns.
The “triple bottom line” is now practical.
TBLI Asia 2006, Bangkok, May 25-26
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120 investments $16.7 million in 35 countries
Co-financing $111 million from third parties
17 Enterprises Written Off $1.1 million
19 Loans Repaid in Full $2.3 million; ROI 10.2%*
Projected Weighted Average IRR, after write-offs: 8.4%*
Modern Energy Services 2.8 million people * ROI excludes enterprise development costs and a portion of operating costs, which are
funded separately through contracts and grants
E+Co Portfolio Performance E+Co Portfolio Performance January 1998 - January 2006January 1998 - January 2006
TBLI Asia 2006, Bangkok, May 25-26
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E+Co’s Triple Bottom in Asia
Financial Social & Economic Environmental
Approved Investments
People with Access to Modern Energy
Services Households served CO2 Offset
Annually/tonsCO2 Offset for Life of
Project/tons
$ 2,752,332 1,696,437 339,287 1,119,561 11,416,216
Leveraged from Entrepreneurs
Clean Energy Generated/MWH
Clean Energy Enterprises
Value of CO2 Offsets for Life of
ProjectKerosene Displaced/liters
$ 1,799,104 184,533 29 $ 57,081,080 5,100,000
Leveraged from Third Parties Jobs Sustained Improved Income
Barrels of Oil Displaced
Dollar Value of Oil Displaced
$ 59,893,193 698 $ 2,123,100 83,757 $ 5,862,990
Potential Amount of Growth Capital
Women Community Shareholders
$ 350,000 46
TBLI Asia 2006, Bangkok, May 25-26
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www.energyhouse.com
Regional Office Asia: Jeffery Dickinson, BangkokE-mail: [email protected] +66 (2) 650 9147
Office Western China: Ms. Wu Jing, YunnanE-mail: [email protected] +86 (871) 312 0934
Regional Office Europe: Paul van Aalst, The NetherlandsE-mail: [email protected] :+31 (20) 4715257
Office United States Steve Cunningham, New JerseyE-mail: [email protected] : +1 (973) 680 9100