Does Timor-Leste need a roof-top solar energy system?
In addition, most of Timor-Leste's electricity is generated through costly and polluting diesel generators. Australia's Market Development Facility (MDF) and ITP Renewables conducted an assessment of the potential market for roof-top solar energy systems in Timor-Leste.
Who bids for solar IPP project in Timor-Leste?
For Timor-Leste, bidders are typically from legacy countries such as Indonesia, Portugal and People’s Republic of China. For the Solar IPP project, Government of Timor-Leste represented by the Ministry of Finance has provided backstop guarantee for EDTL obligations under the Implementation Agreement.
Is Timor-Leste a good country for solar energy?
Timor-Leste has a high-quality solar resource. The global horizontal irradiance in Dili is higher than on the east coast of Australia, where the solar market is mature and installation costs are higher. The cost of electricity in Timor-Leste for commercial and industrial consumers is high compared to ASEAN countries.
How long does a solar system last in Timor-Leste?
High electricity costs and readily available solar radiation mean that the average payback period for a rooftop photovoltaic (PV) solar energy system in Timor-Leste is only 1.5 to 3 years instead of the global average of 6-10 years. Transitioning to solar can also help the country meet environmental commitments.
Why is Timor-Leste not able to finance solar panels?
MDF research found that lenders in Timor-Leste are unwilling to lend to small and medium sized enterprises due to levels of default, perceived risks, and the dificulty of securing collateral. Evaluate the upfront costs of installing solar panels versus long-term savings. Consider financing options to determine overall economic viability.
Does Timor-Leste have a demand for solar?
3 MDF survey on understanding demand for solar in Dili, Timor-Leste. Timor-Leste’s rooftop PV solar industry is new and undeveloped. Limited availability of maintenance and spare parts inhibits some businesses from switching to solar.
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