Financing Solar Energy

1
Financing Solar Energy

• Comments by
• Prof. Jan-Olaf Willums
• Board member
• Renewable Energy Corporation
• Norway

2
Product value chain
Silicon
Wafer
Solar Cell
Solar Module
Off-grid e.g. solar home system
Grid connected system
3
Focus on the key growth areas in the PV market
segments
MW
Off grid 3. world concessions and systems
sales Profitable if built on systems competence
and SHS experience
Large volume grid-connected Profitable if you
are a major player

• As suggested in RECs January Strategy paper,
  based on data from
• Sarasin Basic report Photovoltaics 2002,
  excluding consumer products

4
Challenges for PV Financing

• Concession Concept
• Valuable structured concept with orderly
  private-public partnership structure
• Requires a high competence with the autrhoritites
• Requires financial planning and predictability
• Combined grid/noin-grid concessions
• Adapted Microfinancing to SHS needs
• Solar energy bonds
• Move financing from asset- focus to a bond focus
• Develop solar service entrepreneurs