On July 15-16, at their Third Meeting in Bali, the G20 Finance Ministers and Central Bank Governors endorsed the G20 Blueprint for Scaling Up InfraTech Financing and Development. The Blueprint highlights effective actions on the main four pillars: Policy, Commercial, Finance, and Technology, from the “most common” and the “most emerging” approaches.
PRESS RELEASE | November 02, 2022
Analytics for renewable energy Auctions (AREA), GREENMAP’s online platform was chosen in the Innovative procurement tools and policy category as the most emerging approach for the policy pillar.
AREA is also included in the Global Infrastructure Hub’s (GI Hub) Stocktake of Approaches for Scaling Up InfraTech as a case study that showcases how to adopt progressive and innovative procurement tools and policies. This Stocktake complements the G20 Blueprint for Scaling Up InfraTech Financing and Development.
AREA Platform"An online platform that can change the way renewable energy is procured in developing economies".
Image courtesy of GI Hub
The Blueprint was developed by the Indonesian G20 Presidency, the GI Hub, and the Asian Infrastructure Investment Bank. The document also provides 13 voluntary, non-binding actions that can be progressed by G20 partners, in collaboration with the private sector, through the InfraTech ecosystem, and the G20 Infrastructure Working Group. It provides evidence-based actions to advance the G20 InfraTech Agenda and enables the public and private sectors to collaborate and scale up investment in InfraTech.
"AREA is a new and innovative approach in the procurement-design field, meeting the entire suite of infrastructure procurement cycle needs. AREA can significantly improve how procurement policies are carried out in developing and emerging economies. It contributes to promoting climate change mitigation and fostering social inclusion by making energy cheaper",
said Martin Kind, Director of Innovation & Technology at GREENMAP.
The GI Hub and AIIB created a Stocktake of Approaches for Scaling Up InfraTech. AREA was also selected out of more than 30 case studies submitted to the Stocktake, spanning 16 sectors, 27 countries, and a range of long-term infrastructure priorities. The Stocktake complements the Blueprint by providing case studies of InfraTech that attracted financing for development and implementation, and that could be scaled and replicated across sectors and jurisdictions.
Find more information about our AREA Case Study:
Find more information about the InfraTech Library:
AREA is an online platform that has been designed and is currently under development by GREENMAP’s Department of Innovation & Technology. It is meant to change the way renewable energy is procured in developing countries by introducing a novel solution for the design, conduct, and monitoring of the entire renewable energy procurement cycle.
InfraTech, as a topic for the G20 Infrastructure Working Group, commenced during the Saudi Arabian G20 Presidency with the endorsement of the G20 InfraTech Agenda by the G20 Finance Ministers and Central Bank Governors in July 2020. InfraTech is defined in this agenda as the integration of digital and non-digital technologies with physical infrastructure to deliver efficient, connected, and resilient assets. The GI Hub leads the work delivered under 3 out of the 4 priorities (Sustainable Infrastructure, Infratech and Infratracker) of the G20 Infrastructure Working Group, in close collaboration with the World Bank (WB), the Global Infrastructure Facility (GIF), the Asian Infrastructure Investment Bank (AIIB), and the Organisation for Economic Co-operation and Development (OECD).
About GI Hub
The Global Infrastructure Hub (GI Hub) not-for-profit organisation, formed by the G20, that advances the delivery of sustainable, resilient, and inclusive infrastructure. It collaborates with the public and private sectors, acting as a knowledge-sharing hub, to produce data, insights, knowledge tools, and programs that inform both policy and infrastructure delivery. These resources help decision-makers, policymakers, and practitioners create positive impacts through infrastructure.
GREENMAP stands for Global Renewable Energy Mass Adoption Program. We are an impact-driven and independent non-profit organisation. Our aim and focus are to accelerate the deployment of renewable generation in developing economies by directly supporting governments in the design and implementation of stable regulatory frameworks, competitive procurement processes and new financial and credit enhancement tools. We focus on implementation to facilitate bankability, foster competition, and boost the local and foreign investments needed to materialize project installations, local economic and social development and the reduction of GHG emissions.