Turkish EPC 77 Group secures loans from ADB, CFPS II for project it will build in Kandahar through public-private partnership.
Land acquisition, corruption and short-termism complicate scaling up solar and others with the speed required by climate change, London event hears.
Concessional loans of US$185 million to help build first 50MW of PV project and create privately-funded facility providing credits to PV developers.
IPP support in Nigeria and small-scale PV in South Africa among schemes awarded funds as institution approves broader US$440 million allocation.
Concessional loans could shorten solar’s journey towards cost parity in Thailand and more developed emerging markets, says new BNEF study.