COUNTRY: ESTONIA
ISLAND: SAAREMAA, HIIUMAA
PROJECT PROMOTERS: SAARE DEVELOPMENT CENTER, HIIUMAA DEVELOPMENT CENTER
SECTOR: INVESTMENT PLAN
PROJECT VALUE: 1,500,000 €
WHAT IS THE PROJECT ABOUT?
- Estonian islands would like to develop an investment plan outlining all major assets, and a realistic road map in time towards a sustainable island community.
- This should have an overview of feasible solutions to climate change, economic developments, and ecological issues, and a vision on-island developments on topics based on local resources.
- Rather than just focusing on part-problems such as energy or waste, the process takes into account the entire system and network dynamics. Because economic, ecological, and social aspects influence each other, taking all aspects along in the analysis helps in making long-lasting strategies.
HOW WILL THE EU ISLANDS FACILICY NESOI SUPPORT THE PROJECT?
- Assessment of the key project sizing drivers
- Stakeholder engagement and co-design workshop
- Identification of suitable technological options given existing project sizing requirements
- High level analysis on selected technologies/projects + regulatory framework
- High level analysis of expected impacts
- Definition of the technical, economic and financial, fiscal project inputs
- Risk analysis and identification of available mitigation strategies
- Assessment of existing procurement options (e.g. tender, PPP, etc.)
- Financial modelling and identification of target scenario
- Identification of financing/funding options
- Action plan and identification of project monitoring procedures
NESOI CONTACT
Christina Hermes, E.ON, christina.hermes@eon.com
(Image Source: ekke vasli)