The World Bank Implementation Status & Results Report Solar PV Demonstration & Scale Up Project (P153404) Solar PV Demonstration & Scale Up Project (P153404) LATIN AMERICA AND CARIBBEAN | OECS Countries | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2016 | Seq No: 4 | ARCHIVED on 21-Sep-2019 | ISR34373 | Implementing Agencies: Ministry of Finance, Planning, Sustainable Development and Information Technology, Government of Saint Vincent and the Grenadines, Saint Lucia Project Coordination Unit, Grenada Project Coordination Unit, Ministry of Infrastructure, Energy Ports and Labour, Government of Grenada Key Dates Key Project Dates Bank Approval Date: 11-Mar-2016 Effectiveness Date: 30-May-2016 Original Closing Date: 15-Apr-2018 Revised Closing Date: 30-Sep-2019 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Grant Development Objectives of the project are to demonstrate the use of commercial scale PV systems in the Caribbean through pilot projects, and disseminate the results throughout the region. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Implementation Status and Key Decisions Progress towards achieving project development objectives: The Project is expected to meet its project development objectives.As of August 2019, the solar PV projects in Grenada, St. Vincent and the Grenadines (SVG), and Saint Lucia (SLU) are installed, commissioned and operational. Regulatory issues led to delays in the commercial negotiations between the government and utility in SLU, but the parties are working to resolve these issues prior to project closure on September 30, 2019. Before project closure, the team will finalize a World Bank report on lessons learned from the three solar PV pilots to scale-up commercial scale rooftop solar PV in the Caribbean region. Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating 9/21/2019 Page 1 of 4 The World Bank Implementation Status & Results Report Solar PV Demonstration & Scale Up Project (P153404) Overall -- Moderate Moderate 5. Results Project Development Objective Indicators IN00695584 ►Electricity generated by the pilot projects (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.27 0.79 Date 15-Mar-2016 08-Jan-2018 29-Aug-2019 30-Sep-2019 IN00695586 ►Financial benefits obtained (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 43,763.00 129,000.00 Date 15-Mar-2016 08-Jan-2018 29-Aug-2019 30-Sep-2019 Overall Comments PDO The numbers above account for the solar PV production and savings from GRE and SVG. The team is awaiting numbers from SLU, whose system very recently came online. Delays in commissioning the systems may not allow the systems to meet the target prior to project closure. However, the SVG and GND systems are performing above expectations at the time of the Project Paper on a monthly (pro-rata) basis, and the financial savings are - on average - on target (SVG is expected to save more than expected and GND less, due to the different rates they negotiated with their respective utilities for the sale of solar PV electricity). Intermediate Results Indicators IN00695583 ►Dissemination activities completed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 3.00 9.00 Date 15-Mar-2016 08-Jan-2018 29-Aug-2019 30-Sep-2019 IN00695585 ►Locations for PV installation identified, analyzed and determined, technically sound (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 3.00 3.00 3.00 Date 15-Mar-2016 08-Jan-2018 29-Aug-2019 31-Dec-2018 9/21/2019 Page 2 of 4 The World Bank Implementation Status & Results Report Solar PV Demonstration & Scale Up Project (P153404) IN00695587 ►Increased capacity of clients to enable them to structure and operate rooftop PV systems in collaboration with the local utility (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 30.00 60.00 Date 15-Mar-2016 08-Jan-2018 29-Aug-2019 30-Sep-2019 IN00695588 ►Institutional arrangements for each PV pilot project are established and demonstrated (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 2.00 3.00 Date 15-Mar-2016 08-Jan-2018 29-Aug-2019 30-Sep-2019 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P153404 TF-A1671 Effective USD 0.60 0.60 0.00 0.60 0.00 100% P153404 TF-A1673 Effective USD 0.60 0.60 0.00 0.59 0.01 99% P153404 TF-A1674 Effective USD 0.60 0.60 0.00 0.56 0.04 94% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P153404 TF-A1671 Effective 25-May-2016 30-May-2016 30-May-2016 15-Apr-2018 30-Sep-2019 P153404 TF-A1673 Effective 25-May-2016 16-Jun-2016 16-Jun-2016 15-Apr-2018 30-Sep-2019 P153404 TF-A1674 Effective 25-May-2016 03-Jun-2016 03-Jun-2016 15-Apr-2018 30-Sep-2019 Cumulative Disbursements 9/21/2019 Page 3 of 4 The World Bank Implementation Status & Results Report Solar PV Demonstration & Scale Up Project (P153404) Restructuring History Level 2 Approved on 26-Sep-2017 ,Level 2 Approved on 16-Nov-2018 Related Project(s) There are no related projects. 9/21/2019 Page 4 of 4