As emerging market banks gradually grow used to solar, the bankability issue for developers is increasingly around off-takers and currency, not projects.
The U.S. Agency for International Development (USAID) and the Asian Development Bank (ADB) signed yesterday a Memorandum of Understanding to facilitate $848 million (Rs. 5,681 crore) in funding to develop solar parks across India. The agreement was signed by Jonathan Addleton, Mission Director, USAID/India and M. Teresa Kho, Country Director, India Resident Mission, Asian Development Bank.
Solarplaza’s Africa-featuring event series returns for the sixth time to help Africa get one step closer to viable generation and consumption of sustainable energies.
Project manager for the Africa-EU Renewable Energy Cooperation Programme (RECP), Ina de Visser, recently said in an interview with global events organizer Solarplaza, that project developers in Sub-Saharan Africa (SSA) states are confronted by profound difficulty in financing commercial and industrial projects, whereas lenders in the region claim that they fail to source bankable projects.