Financing Renewable Energy

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AbstractRenewable energy sources are inexhaustible, have minimal adverse impacts and could play a pivotal role in meeting the world’s future energy demands in a sustainable manner. This chapter discusses opportunities and strategies to exploit the potential of renewables, and the market challenges that affect investments. Financing is often difficult for renewable energy projects due to the high risk perception associated with new technologies and the resulting high costs of capital. To overcome these barriers, and to promote the deployment of renewable technologies, the Asian Development Bank has adopted a number of innovative financing mechanisms, including clean energy funds, credit lines and first-loss guarantees.KeywordsRenewable EnergyCommercial BankEnergy ProjectAsian Development BankRenewable Energy TechnologyThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.