Abstract
Renewable 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.
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Acknowledgment
The author would like to gratefully acknowledge the research support Âprovided by Disha Agarwal, MTech student, TERI University, New Delhi, India.
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Disclaimer: the views and opinions presented here do not necessarily reflect the views and opinions of the Asian Development Bank.
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Gupta, S. (2012). Financing Renewable Energy. In: Toth, F. (eds) Energy for Development. Environment & Policy, vol 54. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-4162-1_14
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DOI: https://doi.org/10.1007/978-94-007-4162-1_14
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