End-User Finance for Access to Clean Energy Technologies in South and South-East Asia (FACET)
As of: September 2021
The project was implementing country schemes aimed at mobilising end-user financing for the purchase of clean energy technologies. The strategy was to first identify technology/market opportunities. Then consultation processes were undertaken for the best three to four approaches presented by partner institutions, in order to identify support schemes for initiating bank lending. Each scheme combined technical assistance with a temporary financial support mechanism, usually interest softening or partial guarantees that incentivise banks to set up initial loan portfolios of typically around 10,000 loans. The schemes were open to any technology supplier that could pass a qualification process involving training and submission of business plans to the local banks. At the same time, microfinance approaches aimed to strengthen the demand side.
State of implementation/results
- Project completed.