Make it simpler
Thinking out of the box – The cost of solar power is mainly driven by 2 factors: the cost of the investment (Capex) as well as the cost of capital and naturally not by the cost of fuel, as it is the case with fossil generation.
Technology is simple and largely commoditized. Incremental improvement and economies of scale are driving costs of equipment down. But economies are thin and we must chase costs in other components of the CAPEX, soft costs, namely development costs, by streamlining as much as possible development processes through better regulations and market practices.
Considering the financial nature of a solar asset, a slight variation in the cost of capital can have a huge impact on the cost of solar power. Cost of capital is the remuneration of risks, actual and perceived. Lowering the cost of capital requires to streamline financial process through better regulations and market practices.
The good news is that all technics and practices exist already in various fields to achieve the necessary simplification. Terrawatt Initiative is about putting these elements together and sharing them.
The other good news is that this is applicable everywhere.
Make it together
This can only be achieved together.
The governments’ ambitious decisions have to be executed and adjusted to the local realities.
The energy and technology companies have to provide technology, equipment, distribution networks, as soon as the markets open.
Investors ready to shift the trillions as soon as they have a safe investment environment must join.
TWI’s mission is to bring its enthusiasm, experience and expertise in order to organize the dialogue between these 3 groups of stakeholders. TWI aims at paving the ways for the very large deployment of affordable solar power everywhere in the world, particularly in countries with high solar potential until we reach an equilibrium to be below 30USD/MWh.
Terrawatt Initiative seeks to establish a new framework by fostering the dialogue between and within the stakeholders through the organization of workshops, meetings and events.
This dialogue will change the face of the world. Countries will power the growth of their economy and offer competitive electricity to their communities while reaching their international commitments. Businesses will open new markets, find and institute new opportunities as well as creating thousands of jobs all around the world. Investors will be able to offer a safe, affordable and green financial product, while individual and industrial users, will have access to a green and affordable energy.