The GET FiT project portfolio: Diversity and growth

In December 2014, ERA and the GET FiT Secretariat announced the approval of four solar PV projects that will be developed with support from the GET FiT Solar Facility, introducing a solar PV capacity of 20 MW to the Ugandan national grid. The plants are planned for completion in early 2016. Hence, with the 108 MW represented by the 13 projects (biomass, bagasse and hydropower) previously approved, the GET FiT portfolio now stands at a promising 128 MW of planned renewable energy generating capacity (Figure 6). Several of these projects are expected to start construction in 2015, while some are set for commissioning in the same period. In addition to the significant growth in its expected capacity, the GET FiT portfolio has reached a new level of diversity over the past year.  It is now featuring four different technologies (biomass, bagasse, hydro and solar PV) and the projects are located in 5 out of 10 different Ugandan sub-regions. 

With the portfolio now standing at about 128 MW, this leaves 42 MW for the currently ongoing RfP Round 3 to reach the pre-defined Program target of 170 MW. Four to eight projects are expected to enter the GET FiT portfolio as a result of RfP Round 3, depending on the installed capacity of the approved projects. Thus, the current expectation is that the portfolio will eventually comprise 20-25 projects. This is an increase from the original assumption of about 15 projects, which is due to a lower average capacity (MW) for selected projects than expected upon commissioning of the Program. However, the amount of projects which GET FiT can eventually facilitate through the third RfP will also depend on the development of the EUR vs. USD exchange rate; more detail on this subject is provided in Chapter 4.1. RfP Round 3 was launched in November 2014, and it will be completed in June 2015. 

64856-status-of-the-get-fit-portfolio-before-completion-of-rfp-round-3.pngFigure 6: Status of the GET FiT portfolio before completion of RfP Round 3.  
(* The actual budget in USD is dependent on EUR vs. USD exchange rate fluctuations).