Abstract There is a widespread recognition that renewable energy finance needs to be scaled up from its current levels. However, there is still a big gap in developing a clear business model or financing model on how developing countries like Nepal can efficiently and effectively mobilise further financial resources and to meet growing energy needs from new and innovative sources of financing.
While the demand for renewable energy technologies keeps growing, the cost of such devices remains an important barrier for a majority of households and small businesses, especially at the bottom of the pyramid. Seeking to overcome this barrier, SNV Netherlands Development Organisation has recently become involved in the development and implementation of an innovative financing mechanism through a pilot for renewable energy solutions in partnership with the Clean Energy Development Bank (CEDB) Nepal and Scott Wilson Nepal.
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