Description

IFC has, from the earliest opportunity, used Global Environment Facility (GEF) and other donor funds to explore options for the commercialization of solar photovoltaic (PV) in the developing world. Through the implementation of its solar PV initiatives IFC has learned substantially not only about the solar PV market in general, but also about the type of financing required to support solar PV market growth and what it takes to develop a successful solar PV company — particularly for small solar household systems. This report aims to share some of these lessons learned and outlines IFC’s current approach to addressing rural electrification issue.