A Sure Path to Sustainable Solar
Achieving global goals for access to energy and mitigation of climate change will require a quadrupling of present levels of solar photovoltaic (PV) generation in the developing world by 2025 to reach around 950 gigawatt (GW)1. This represents an investment of more than US$500 billion in new solar PV generation alone. To reach this objective, large amounts of private funding will have to be unlocked to complement the limited public financing available. Yet most developing countries still lack a pipeline of bankable solar projects for consideration by the private sector. To develop one, countries must take a series of key steps to tackle critical risks perceived by the private sector while also minimizing risks for the public sector. The World Bank– Energy Sector Management Assistance Program (WB-ESMAP), in partnership with, Agence Française de Développement (AFD), International Renewable Energy Agency (IRENA) and International Solar Alliance (ISA) developed the Solar Risk Mitigation Initiative (SRMI or “the Initiative”) to address these challenges. SRMI aims to support countries in developing sustainable solar programs that will attract private investments and so reduce reliance on public finances.
| Main Authors: | , , , |
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| Format: | Working Paper biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019-09-01
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| Subjects: | SOLAR ENERGY, SUSTAINABLE ENERGY FOR ALL, CLIMATE CHANGE MITIGATION, ACCESS TO ELECTRICITY, ENERGY DEMAND, RENEWABLE ENERGY, |
| Online Access: | http://documents.worldbank.org/curated/en/244251575642432241/A-Sure-Path-to-Sustainable-Solar-Solar-Deployment-Guidelines https://hdl.handle.net/10986/33026 |
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| Summary: | Achieving global goals for access to
energy and mitigation of climate change will require a
quadrupling of present levels of solar photovoltaic (PV)
generation in the developing world by 2025 to reach around
950 gigawatt (GW)1. This represents an investment of more
than US$500 billion in new solar PV generation alone. To
reach this objective, large amounts of private funding will
have to be unlocked to complement the limited public
financing available. Yet most developing countries still
lack a pipeline of bankable solar projects for consideration
by the private sector. To develop one, countries must take a
series of key steps to tackle critical risks perceived by
the private sector while also minimizing risks for the
public sector. The World Bank– Energy Sector Management
Assistance Program (WB-ESMAP), in partnership with, Agence
Française de Développement (AFD), International Renewable
Energy Agency (IRENA) and International Solar Alliance (ISA)
developed the Solar Risk Mitigation Initiative (SRMI or “the
Initiative”) to address these challenges. SRMI aims to
support countries in developing sustainable solar programs
that will attract private investments and so reduce reliance
on public finances. |
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