The Role of Public-Private Partnerships in the Global Economy
Public-private partnerships (PPPs) serve as a critical tool for fostering infrastructure and economic stability throughout the world.
Using this contract model, a government agency transfers a portion of its responsibilities and risks to a private-sector company or consortium as part of a long-term agreement to finance, build, and operate various infrastructure projects. PPPs have traditionally spanned multiple business sectors worldwide, including – but not limited to – water, power, public transportation, and beyond.
Thoughts on growth of Energy Storage and Project Financing the storage projects in MENA region
Countries such as the US, China and Australia have made considerable advancements in energy storage. They are far from alone, as the benefits of energy storage have become an urgent focus for countries across the globe. Now, countries in the Middle East and North Africa (MENA) region are making their own significant strides. By Rohit Kumar, associate director, and Gurleen Kaur, associate, Synergy Consulting.
Solar parks were seen as an effective way to de-risk a project, with land and transmission infrastructure being developed by either the solar park developer or state nodal agency and project developers free to focus on project development. This plug and play model of project development has proven successful with 10.6 GW of solar capacity allotted across solar parks, as of February 2019. Solar park tenders have also witnessed active participation from foreign developers and an improved risk profile has led to record low tariffs in the Indian solar sector.