Dr Benedictta Dibia

Innovative Source of Renewable Financing Dr Benedictta Dibia

The innovative financing approach for renewables is an appropriate solution for adoption to eliminate problem of renewable technology's costs particularly for solar Photovoltaic (PV) system installation. The finance sourcing a strategy to help facilitate financial diligence by developers and investors in promoting local offgrid, mini-grids and grid-connection due to difficulties in convincing banks and other financial institutions. The financing options will bring about cost reductions for short-long term investment and rapidly increase deployment in decarbonizing the nation's economies. The adoption in national level is to learn from counterparts' best practice even though regulatory frameworks, costs and specific business models differ in countries due to regulatory and technical barriers that exist.