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Project: Innovative Financial Model to Support the Transition to Renewable Energy Sources
SmartUp Social Innovation Lab is a non-governmental organisation working in the fields of education, climate change, and public sector innovation.
Our work is characterized by an interdisciplinary approach aimed at creating an environment where various system actors can meet and, through a facilitated co-creation process, address existing social challenges.
SmartUp operates within the ecosystem by connecting different stakeholders to promote and develop social innovations, building a society that is socially, ecologically, and economically sustainable. SmartUp was founded with the mission to catalyze social innovations in the country and the region.
What are the project objectives?
SmartUp Social Innovation Lab (SMART UP) is tasked, together with its partner organisations, to develop a financing model in accordance with the current Macedonian legislation that would enable, through one or more types of investments, favorable conditions for the implementation of systems for generating energy from renewable sources.
The project's goal is, during the energy crisis, to encourage more active cooperation between local government and the community and, through a participatory approach, enable the identification and development of a financial model feasible within the framework of Macedonian legislation that will ensure active investment in the production of renewable energy for community needs.
Scope of work and expected results:
Total number of expert days planned: 20 days
- Analysis of: laws and by-laws, changes, legal ambiguities, and unregulated areas related to the financing of local government, financing of facilities under local government jurisdiction, as well as other facilities managed by the state.
- Analysis of financial possibilities for financing renewable energy production systems and, according to the rights and possibilities for reimbursement to investors (individuals and legal entities), as well as additional possibilities when it comes to investing in systems that can be installed on existing/new facilities managed by local government and/or other public institutions.
- Analysis of the possibility of implementing crowdfunding (collective financing).
- Regional comparative analysis of existing such models (their profitability) and identification of possible financial models that would work in the Republic of North Macedonia.
Result 1: Delivery of a report containing the above points by November 4, 2022 (10-12 pages with technical specifications: font 12, A4 size, line spacing 1, normal margins);
- Development of a framework for the financial model to be used in co-creation workshops.
Result 2: Delivery of the proposed framework by November 10, 2022.
- Preparation of a document presenting several proposed financial models based on input received from conducted workshops.
- Finalization of one model to be tested in 2023.
Result 3: Delivery of the final proposed financial model by December 10, 2022.
- Delivery of the final report.
Result 4: Time-sheet in the format specified by SMART UP for the period the expert is engaged; All activities will be implemented in coordination with the SMART UP project team. The working languages for this engagement are Macedonian and English until December 20.
Ownership
The products resulting from this engagement will remain the property of SMART UP. The expert agrees not to use the products outside of this engagement without prior written consent from SMART UP.
Compensation
The fee for the expert's services is 7,000 MKD gross per consulting day.
Required documents:
a. For legal entities: Current status from the Central Registry of the Republic of North Macedonia, Reference list of previous similar engagements of the proposed expert, CV (professional resume).
b. For individuals: Reference list of previous similar engagements, CV (professional resume).
Selection and scoring process
SMART UP will select the expert through an open call. The evaluation process will be based on the following criteria with the respective weight in the total score: Evaluation of professional resume (CV) - 40%, Evaluation of reference list of previous similar engagements - 60%.
Deadline for application submission?
Applications (professional resume and offer in Macedonian) must be sent electronically to info@innovationlab.mk with the subject: Application for Economic Expert, no later than October 17 (Monday) (23:59) 2022. SMART UP will notify the selected candidate no later than October 20, 2022. Applications received after the deadline will not be considered. Only shortlisted candidates will be contacted.
This activity is implemented within the project "Innovative Financial Model to Support the Transition to Renewable Energy Sources," carried out by SmartUp – Social Innovation Lab, with financial support from the European Institute of Innovation and Technology (EIT Climate-KIC) and in partnership with KLIK (Climate Innovation Lab Krizevci / Krizevacki Laboratorij za Inovacija za Klimu, Croatia), Solar Macedonia Association, Korimako (Slovenia), the Energy Council of Gran Canaria Island (Consejo Insular De La Energía De Gran Canaria), and the Municipality of Ilinden.
