Publication: The Role of the Public Sector in Mobilizing Commercial Finance for Grid-Connected Solar Projects: Lessons Learned and Case Studies
Date
2019-06-29
ISSN
Published
2019-06-29
Author(s)
Toga Makang, Monyl Nefer
Dobrotkova, Zuzana
Abstract
This report assesses the role of public
interventions in mobilizing commercial financing for
grid-connected solar projects in seven developing countries
- Chile, India, Maldives, Morocco, the Philippines, Senegal,
and South Africa. Desktop research is complemented by
interviews with development professionals, academics, and
public officials, and the results of an online survey
developed to gain insights and perspective from private
developers and other commercial capital providers. The focus
is on the ability to attract commercial investors and
lenders, without analysis of the financing terms. The scope
is limited to utility-scale, grid-connected projects because
of the risk concentration inherent to large projects and the
importance of large-scale investments in clean energy for
the transition toward low carbon development pathways. The
analysis puts into perspective the linkages between global
and country-specific factors, the complexity and
multifaceted nature of the choices that decision makers
face, and their rationale for pursuing a specific course of
action. The report is intended for policy makers and
development partners, including development banks and other
donors providing technical assistance in developing
countries. It should also be of interest to investment and
commercial banks, developers, investors, and other players
active in the solar market. For governments and policy
makers, the findings are expected to inform decisions on
allocating public financing for leveraging commercial
investments and inform their decision-making process. For
development partners, the report provides a useful
perspective on their efforts to attract non-public sources
of financing in support of the development agenda.
Citation
“Toga Makang, Monyl Nefer; Dobrotkova, Zuzana. 2019. The Role of the Public Sector in Mobilizing Commercial Finance for Grid-Connected Solar Projects: Lessons Learned and Case Studies. © World Bank, Washington, DC. http://hdl.handle.net/10986/32185 License: CC BY 3.0 IGO.”