Risk Identification of the Solar PV Value Chain in Mauritius

The target of the Government of Mauritius is to achieve 60% self-sufficiency by 2030 in terms of electricity supply through a progressive increase in the use of renewable energies. Photovoltaic technologies have seen continuous growth since 2010 in Mauritius and are expected to further penetrate the local market. When assessing the investment-worthiness of a PV project, different financial stakeholders such as investors, lenders and insurers need to identify the potential risks differently depending on their investment goals. In this research, the solar photovoltaic value chain has been studied and risks have been identified through the different stages of the project life cycle of a solar PV system. The risks have been categorized and the most prominent risks have been identified. The inattention in the process of identification of risks throughout the value chain, can substantially affect the solar projects at a catastrophic level. Overall, the need for future research is established in this study for investigating risks in solar PV systems in Mauritius.