2017 Fire Awards Winner
Dr. Will Rayward-Smith, General Manager, SunSHIFT
Many of today’s and tomorrow’s energy users are not in a position to provide long-term bankable commitments required by permanent power infrastructure. Historically, these users have ended up with the most temporary power solution, the containerized and moveable diesel generator, locking them into dirty and expensive power. Conventional solar farms have struggled to reach these energy users due to its permanent nature and requirement for long amortization periods to be competitive.
SunSHIFT is a company aiming to deliver megawatt-scale solar assets into markets currently locked out of solar by providing modular and moveable solar farms, as either stand-alone, on-grid systems, or integrated hybrid, off-grid power plants.
• Stranded asset risk
• Customer creditworthiness
• Contract duration
• Logistics and construction cost and complexity
SunSHIFT is the world’s first pre-fabricated modular and moveable solar power plant for large-scale, on-grid and off-grid electricity generation. This approach aims to unlock capital into new markets and start diverting some of the >USD100bn annual diesel power bill towards solar assets while reducing the 300 million tonnes of CO2 currently produced by diesel every year. The initial focus is the hybridization of existing diesel infrastructure, used by emerging nation utilities, off-grid industry and remote communities. By 2020, SunSHIFT aims to have at least 100MW of SunSHIFT Systems held within at least 4 leasing pools and an identified pipeline to grow this to 500MW by 2030.
SunSHIFT is a subsidiary of Laing O’Rourke, an international engineering enterprise, and has been developed in collaboration with technology partners SunPower and ABB, with the support of the Australian Renewable Energy Agency (ARENA). For more information, watch a video about SunSHIFT here.
BNEF On-Stage Pitch
Key Impact Metrics
- Market size: 100GW+
- CO2 saving for each 1GW of assets: 1 million tonnes / year
- Potential scale of intervention: $2bn+ / year
Most Recent Update
Through the Fire Awards process, as a 2017 Fire Winner, SunSHIFT is receiving support from Climate Policy Initiative and a Working Group of volunteer experts from the Fire network to achieve its near term milestones for growth. In particular, this work is aims to (1) refine the financing model for its asset financing facility; and (2) identify key enabling condition criteria and select markets to assess to identify a target market to pilot the asset financing facility.
To be announced
News & Events
New York – Today at the Bloomberg New Energy Finance (BNEF) Future of Energy Summit, hundreds of leaders in clean energy and finance voted for two Fire Awards winners from amongst four finalists that presented their businesses in an extremely close pitch competition. The two winners are: Electric Bus Battery Service Agreements: A new lease financing model to lower […]
December 6, 2016 London – The Fire Awards have announced the selection of four finalists to pitch their financial innovations for the acceleration of green growth at the annual Bloomberg New Energy Finance Future of Energy Summit in April 2017. The four finalists were selected by the Fire Advisory Panel, consisting of experts in finance, […]