Covid-19 response page

29 May 2020 | The Covid-19 pandemic has hit renewable energy businesses worldwide and its effects put at risk what the community has ardently worked for in the past years: affordable, reliable, sustainable and modern energy for all. While first repercussions are clear (see for example GET.invest‘s Covid-19 survey), future impacts and their temporal extent are yet unknown. To prepare and accompany project and business developers in these challenging times, GET.invest has linked with partners to provide knowledge and tools that can help navigate the crisis.

On this page, we collect the different tools made available by us and our partners to adapt to the consequences of Covid-19. The page will be updated regularly; you can also follow us on Twitter or LinkedIn for the latest additions.

Besides our Covid-19 response, we continue with our regular support via market information, our funding database and access-to-finance advisory through the GET.invest Finance Catalyst.

Covid-19 window of the GET.invest Finance Catalyst

We have opened a Covid-19 window in our GET.invest Finance Catalyst for acute and critical finance-related problems caused by the Covid-19 crisis, focused on companies that have been in operation for more than two years. Dedicated advisors with extensive experience in renewable energy project development and finance provide advice in the following areas: support on strategy including business continuity, business and financial structuring as well as financial modelling, access-to-finance support, and transaction advisory. To learn more about the Covid-19 window and to apply for support, please click here.

Covid-19 Business Continuity and Cash Flow Management Tools

The current situation is fraught with uncertainties. GET.invest has developed tools to help address this. The tools were initially developed for internal use with GET.invest advisees. However, we would like to make them widely available to help with the flow of information on dealing with the current situation.

The Covid-19 Scenario Modelling tool helps with forecasting cash flow. It allows to explore different alternatives in order to accommodate different possible futures, for managing cash flows and for addressing shortfalls via scenario modelling. The tool looks at a 12-month horizon and provides for a base case and two additional scenarios that impact revenue and other cash inflows; it facilitates the development of an action plan that addresses controllable expenses; and it generates the resulting net cash flow. In addition, our Covid-19 Business Continuity Checklist can provide guidance on how to keep companies on track and navigate the crisis.

Both tools are available for download below. As they are part of the kit our advisors use for assistance via our Covid-19 window, do not hesitate to apply.

Covid-19 Support Database for Climate and Energy

In partnership with PFAN and based on input from the industry associations ARE and GOGLA, we have collected Covid-19 related support sources in one central database. The tool shows business advisory and financial support options offered by associations, impacts funds, international associations and programmes across the sector. To access the database, please click here. (Note: The link will lead to an Excel file).

PFAN – The Private Financing Advisory Network – is a global network of climate and clean energy financing experts supported by Sweden, Australia, the US, Norway, Japan, K-CEP and Austria. The Covid-19 Support Database is part of our joint effort with PFAN to bridge the gap between entrepreneurs developing climate and clean energy projects and private sector investors.

For additional information, also check out GOGLA’s Covid-19 Resource Center and ARE’s Call to Action for a roadmap for the decentralised renewable energy sector to survive and flourish in the wake of the Covid-19 crisis.

Webinars and virtual events

Webinar “The impact of COVID-19 on the African solar sector” | 29 April 2020 | Jointly organised by SolarPower Europe and GET.invest

Webinar “Financing solar IPPs and C&I in Africa” | 8 April 2020 | Jointly organised by SolarPower Europe and GET.invest