The econValue project is a key initiative of the Clean Energy Ministerial Multilateral Working Group on Solar and Wind Energy Technologies (CEM-MWGSW) that is led and coordinated by IRENA in partnership with key organisations and research institutions. This includes the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), the Spanish Institute for the Diversification and Saving of Energy (IDAE), the National Directorate of Energy of Uruguay (MIEM DNE), the German Society for International Cooperation (GIZ), the IEA - Renewable Energy Technology Development (IEA-RETD), the German Development Institute (DIE), Fraunhofer ISI, the Institute of Economic Structures Research (GWS), the United Kingdom Energy Research Center (UKERC) the Renewable Energy Policy Network for the 21st Century (REN21), the Spanish Center for Energy, Environment and Technology (CIEMAT), Deutsche WindGuard GmbH, Prognos, the Japanese Institute of Energy Economics (IEEJ), the Spanish School for Industrial Organisation (EOI) and the Indian Energy and Resources Institute (TERI).
IRENA aims to expand this platform to include additional partners working on the topic from developing and developed countries from various regions in order to gather data and evidence on the value creation of renewable energy to support the business case for renewable energy deployment. This partnership will also enable the cooperation with other organisations to avoid duplication of work and ensure the efficient utilisation of resources.
The first econValue report, The Socio-economic Benefits of Solar and Wind Energy, analyses how renewable energy can boost economies and benefit communities by studying the effects of wind and solar energy on the environment, economy and society. The report offers a new conceptual framework for policy-makers interested in fostering a domestic renewable energy industry.