Market Assessment for Renewable Energy Start-up Fund

Tender description

The Department of Energy and Climate Change (“DECC”) wishes to appoint a contractor (or consortium) to undertake a wide-ranging market assessment that will inform the potential future development of a renewable and/or low carbon start-up fund. This ITT is therefore seeking a supplier to undertake the above assessment with a completion date of 31/03/2016. Description: This project will provide DECC officials with an assessment of the current market requirements for support in the renewable and low carbon energy sector. This will help inform the development of any new scheme, ensuring that it delivers optimal value for money (VfM). The project will answer the following questions, whilst considering lessons learned from previous schemes: 1. What is the market need for a renewable energy start-up fund (to include an assessment of other available financial support mechanisms available); 2. What technology stage (TRL) should support be focussed on to provide optimal VfM; 3. What form of support is most needed; for example incubation support vs capital investment, grants vs loans etc. As DECC may be constrained in the type of funding available the assessment will be informed by this to ensure results are applicable. 4. What level of funding would provide the UK with optimal benefits when considering VfM for the taxpayer. This question will be informed by the level of funding available to DECC; 5. What level of incubation support is optimal to deliver value to the company and to the UK? 6. Are there additional processes that can be applied over and above those currently employed to ensure that only projects that are VfM are supported. How to ensure that Government money is definitely required. 7. What is the appropriate scope for the scheme, specifically, would it be beneficial to have a wide scope including low carbon technologies?