In this paper we use techniques of geometric quantization to give a geometric interpretation of the Peter–Weyl theorem. We present a novel approach to half-form corrected geometric quantization in a specific type of non-Kähler polarizations and study one important class of examples, namely cotangent bundles of compact connected Lie groups K. Our main results state that this canonically defined polarization occurs in the geodesic boundary of the space of K×K-invariant Kähler polarizations equipped with Mabuchi's metric, and that its half-form corrected quantization is isomorphic to the Kähler case. An important role is played by invariance of the limit polarization under a torus action.Unitary parallel transport on the bundle of quantum states along a specific Mabuchi geodesic, given by the coherent state transform of Hall, relates the non-commutative Fourier transform for K with the Borel–Weil description of irreducible representations of K.