Energy Regulatory

**INTRODUCTION TO GGGI**: The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page. **GENERAL INFORMATION**: - Projects: CO033 Colombia National Energy Communities Program - Duty Station: Colombia (hybrid) - Estimated Contract Duration: October-2024 - May-2025 - Consultant Level: 3 - Total Fees: 30000 USD, delivery based **PROJECT BACKGROUND**: GGGI has been working with the Government of Colombia to advance green growth policies and green investments through strategic partnerships with key ministries and public and private institutions, including the Ministry of Mines and Energy (MinEnergia), the Ministry of Environment and Sustainable Development, and the National Planning Department (DNP), among others. Since 2014, GGGI has supported the DNP in its goal to advance a green growth vision and transition plan for Colombia that can support the achievement of climate goals and the Sustainable Development Goals (SDGs). GGGI has been instrumental in the development of several energy sector initiatives aimed at promoting renewable energy and energy access. One of the key aspects of GGGI's green growth policy in the energy sector is the development of a sustainable energy policy framework and the promotion of renewable energy projects. Since 2020, GGGI has supported MinEnergia, the Institute for Planning and Promotion of Energy Solutions for Non-Interconnected Areas (IPSE) and selected private sector developers to advance Colombia's energy transition and provide sustainable and affordable energy solutions to vulnerable rural communities and households. This technical assistance was funded by the UK Government's Department for Business, Energy and Industrial Strategy through the UKPACT program. In May 2024, GGGI was awarded by the Mitigation Action Facility Fund to develop the detailed project preparation of the "Sustainable Power and Resilience for Colombia's Energy Communities" project. This initiative, currently in the detailed project preparation phase, is funded by the Mitigation Action Facility Fund (MAF, formerly the Nama Facility) and focuses on capacity building and the development of financial instruments for small-scale distributed energy systems called Energy Communities (ECs). **OBJECTIVES OF THE ASSIGNMENT**: GGGI seeks to recruit an Energy Regulatory & Business Development consultant to provide expert advice and guidance on the legal and regulatory frameworks necessary for establishing and operating financing mechanisms, designing regulatory interventions, and developing a policy analysis to enable the widespread adoption of Energy Communities (ECs) in Colombia. **DELIVERABLES AND PAYMENT SCHEDULE**: Deliverable 1: Work Plan a) Prepare a Work Plan of the activities in coordination with relevant stakeholders to undertake under the assignment tied to the objectives of the assignment mentioned above. The Work Plan should include a timeline of main activities, methodology, milestones, validation meetings with GGGI, and description of final deliverables. The Work Plan should include the scheduling of meetings with the relevant stakeholders and their respective legal teams. b)Read and revise documents relevant to the "Sustainable Power and Resilience for Colombia's Energy Communities" project and the financial instruments proposed. The consultant will be asked to produce technical legal executive summary reports and PowerPoint presentations for GGGI project team, based on the documentation shared with the consultant. Deliverable 2: Legal Advisory on business models and Financing Mechanisms a) Advisory on Business models: Provide expert legal and technical advice on the establishment and operation of Energy communities proposed under the"Sustainable Power and Resilience for Colombia's Energy Communities" project, especially in the models with investment and ownership by private Energy Service Companies (ESCos). b)Advisory on Financing Mechanism: Provide expert legal and technical advice on the establishment and operation of the financing mechanism and its associated financial products proposed under the "Sustainable Power and Resilience for Colombia's Energy Communities" project, namely a Project Preparation Facility and a guarantee Fund, to support the roll-out of the Energy Communities program. c)Risk Mitigation Strategy: Develop a strategy for mitigating legal and regulatory risks associated with the proposed business models and financing mechanisms, ensuring compliance with national regulations. d) Drafting Legal Documents: Assist in drafting necessary legal documents and agreements required to operationalize the business models and financing mechanism, including terms of reference for financial instruments, contracts, and stakeholder agreements. e)Report: Lega