Timor-leste tanzania technology new energy storage base

Why should Timor-Leste invest in solar & storage infrastructure?

José added: “The investment in Timor-Leste’s solar and storage infrastructure is transformative. It will help reduce dependence on fossil fuels while improving grid stability and energy access across the country”. José de Ponte was supported by special counsel Marnie Calli, senior associate Lisa Huynh and solicitor Jeraldine Mow.

What is energy security in Timor-Leste?

1 Energy security is “uninterrupted availability of energy sources at an affordable price”; International Energy Agency. The average payback period for a rooftop PV solar energy system in Timor-Leste is 2.5 years. This is much lower than the global average of 6 to 10 years, due to solar resource and electricity costs:

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.

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 much does electricity cost in Timor-Leste?

The cost of electricity in Timor-Leste for commercial and industrial consumers is high compared to ASEAN countries. For instance, in Indonesia industrial electricity tariffs are 0.11 USD/kWh, compared to 0.24 USD/kWh in Timor-Leste.

Does Timor-Leste provide backstop guarantee for EDTL obligations?

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. Special Investment Agreement, if concluded could allow the winning bidder a leasing of the Site at a concessional rate and other benefits.