The NSP aims to accelerate the penetration of new distributed Solar Power by reducing technology risks, lowering transaction costs, and creating financing options for DG PV customers and third parties. Planned activities include: streamlining the permitting process, accrediting installers, creating a technology certification program, and supporting the development of an initial pipeline of projects to help low grid-impact projects to come online. A Financing Support Fund (FSF) will reduce the perceived risk by local financial institution and facilitate the flow of commercial debt to the distributed RE sector. The NSP will also build the financial sector capacity to evaluate distributed PV projects and bring a variety of financing options for DG PV customers.
Direct financial leverage: The FSF will leverage approximately €75 million in private sector and directly lead to financing 50 MW in DG PV installations. The lower DG PV technology risks, lower soft costs, faster approval processes and available financing products will catalyze the growth of the distributed solar market.
Mitigation potential: The NSP will accelerate development of DG PV market estimated at over 3000 MW. The NSP is expected to lead to 1.8 million tons CO2e in direct reductions over 25 years and cumulative long-term indirect reductions of 47 million tons CO2e by 2040.