Figure 9 Roll out plan of PV-X licenses until 2023
“You have to be willing to be misunderstood if you are going to innovate”
What’s in it for you? As a local or international investor, this policy is designed to attract small to medium impact investors willing to take risks in investing in the infrastructure of developing countries. The feed in tariff policy, backed by guarantees from the central bank to import solar PV equipment, will secure a 16% IRR and ROI of 20-30% in a period of ten years for your investment in a new solar PV plant in Lebanon of minimum size of 600 kW to maximum 25 MW. The social impact advantages of the policy are five-fold as your investment would help Lebanon: 1) Get to a 24/7 electricity in two years 2) Save on average up to USD 170 to 300 million in $ reserves every year 3) Create more than 30,000 jobs in the sector 4) Save 7 million of tons of CO2e 5) Support innovation in Lebanon by pushing in digitalization of the power sector. “You have to be willing to be misunderstood if you are going to innovate” said Jeff Bezos, CEO of Amazon. Mr. Bezos disrupted the retail sector by digitalizing operations. Our vision is to turn Lebanon as an innovative disruptor developing country that can leapfrog in the operation of virtual power plants and export his knowledge and savoir-faire to other developing countries that wish to accelerate their energy transition. For that we are willing to be misunderstood to turn the image of diesel generators from a curse to a valuable asset in the reform of the power sector.
