Financial mechanisms and investment frameworks for renewables in Developing Countries

Renewable energy (RE) in developing countries moves steadily, year after year, deeper into the mainstream investment agenda. In many cases, this trend has been supported by substantial progress in the design and innovation of RE finance policy by developing country governments. Developing countries with growing economies have pressing needs for new power capacity and, in many cases, have large potential for RE resources – such as strong winds, extensive sun irradiation, substantial geothermal reserves, and abundant feedstock sources for biomass, or large landfills for waste-to-energy. This report discusses the current RE finance landscape in developing countries and provides recommendations for the design of national RE finance strategy, using country/project examples for context and illustration throughout.