Description/achievement of initiative
The Pacific Energy Summit 2013 had the following objectives:- Help Pacific island countries make progress towards their renewable energy targets- Provide a forum for Pacific island countries to present their energy plans and targets to attract donor and private sector investment and expertise to advance those plans- Bring together bilateral and multilateral donors and the private sector in an event that inspires and facilitates investment in renewable energy in the Pacific- Showcase renewable energy projects, services and technologies from the public and private sector- Generate tangible outcomes with new relationships established, projects and deals brokered.At the Summit Pacific countries presented 79 energy projects to match with interested development partners and investors. Around 850 business-to-business meetings took place providing donors and the private sector with opportunities to identify projects for partnership and collaboration.The Summit exceeded expectations: partners and donors responded with a funding envelope of NZ$635 million (USD500 million). This includes NZ$255 million in grant funding and NZ$380 million in concessional loans sufficient to support over 40 of the proposed projects over the next three years.
Developing and delivering the Energy Summit required a focus on four key areas:1. Identifying country energy targets and priority projects â€“ a technical assistance programme was undertaken across all 22 Pacific Island Countries and Territories to identify national energy targets, existing levels of renewable energy and investment opportunities that would contribute towards those targets. Pacific countries identified 79 priority projects that were presented at the Summit in a â€œPacific Energy Sector Profiles report.2. Identifying donor and development partner funding over a three-year investment horizon that was available to support the implementation of the priority projects identified by countries.3. Delivering a Summit programme that would attract high level representatives from the Pacific, Private Sector, Donors, Development Partners and heads of relevant International Organisations to generate both formal and informal dialogue on practical solutions for the Pacific.4. Organising an Investment Showcase for the Private Sector to present technologies, services and solutions for sustainable energy and to support informal networking opportunities. New Zealand provided a dedicated secretariat for the Summit, which included representatives of the European Union as co-hosts.The Summit has also led to the establishment of a number of partnerships and funding arrangements. Each donor or development partner remains responsible for the implementation of their projects in accordance with their own procedures and requirements and those of their country partners. Implementation of projects and funding is expected to occur over three years from March 2014.New Zealand, in conjunction with other donors and development partners, has provided Pacific Energy Summit Update Reports to the Pacific Island Leaders Forum in September 2013 and July 2014. The most recent update report shows that over 60 projects are under development by donors and development partners.
Arrangements for Capacity-Building and Technology Transfer
Most of the country energy programmes and projects being developed and implemented by donors, development partners include elements of capacity building and appropriate technology transfer, depending on needs and priorities of country partners.
Coordination mechanisms/governance structure
The Summit concept was jointly developed by New Zealand and the European Union from mid-2012 onwards through a series of regular coordination meetings and under the joint oversight of the Minister for Foreign Affairs and European Commissioner for Development. There was early engagement with other donors and development partners in the region through the Pacific Regional Infrastructure Facilityâ€™s (PRIF) Energy Working Group. The PRIF Energy Working Group is a key mechanism for donor coordination and information sharing on energy sector matters in the Pacific and regularly includes energy stakeholders from regional organisations.The Asian Development Bank, World Bank and Australian Aid Programme came on board at an early stage as sponsors of the summit event and supported the technical assistance process.
Hosts: New Zealand Government and the European Union
Sponsors: Asian Development Bank, World Bank, Australian Aid Programme
- Heads of Government from the Cook Islands, Federated States of Micronesia, French Polynesia, the Republic of Kiribati, New Caledonia, Niue, Samoa, Tokelau and Tonga
- Representatives from American Samoa, the Republic of Nauru, Fiji, Guam, Papua New Guinea, the Republic of the Marshall Islands, the Republic of Palau, Northern Marianas, Pitcairn, Solomon Islands, Tuvalu, Vanuatu, and Wallis and Futuna.
- A wide range of donors, investors, multilateral banks, development partners and private sector players.