Beruflich Dokumente
Kultur Dokumente
Don Purka Principal Investment Specialist Private Sector Operations Department March 2012
Banks were concerned on technical risks of solar need to build due diligence capacity in commercial banks for lending to solar projects
In April 2011, ADB approved a $150 million risk sharing scheme through partial credit guarantees to commercial banks to support such projects Addresses lenders concerns on credit risks, technical risks and long tenors required for viability of solar power projects
Impacts:
Successful implementation of NSM (Phase 1) Increased foreign direct investment by the private sector in the solar energy industry Long-term reduction in levelized cost of solar energy in India
TA includes solar training programs in India for commercial bankers, other financiers, prospective investors
March 2011: Mumbai June 2011: Delhi April 2012: Hyderabad, Ahmedabad, others
ADBs guarantee program selected by the UNFCCC as one of 10 global Lighthouse Projects at the COP17 (Durban) under the Momentum for Change Initiative, supported by the Bill and Melinda Gates Foundation.