Evaluating the World Bank Group’s Scaling Solar Program: Is It Unlocking High-Risk Markets?

by Benjamin Attia, Chris Ahlfeldt

The International Finance Corporation’s Scaling Solar Initiative is designed to address utility-scale solar project development challenges in emerging markets by offering turnkey advisory, due diligence, simple and rapid tendering, standardized contracts, competitive financing, and credit enhancement for countries with high perceived risk and limited institutional capacity. So far, the program has been deployed in Zambia, Madagascar, Senegal and Ethiopia so far, with 12 countries currently negotiating to participate, including some in Asia.

This brief explores the program offerings, as well as the country engagement process, achievements to-date and opportunities for developers.


This brief is part of GTM Research’s Global Downstream Solar Service. To learn more or schedule a demo, please contact solarsubscription@gtmresearch.com.

 

 

Benjamin Attia Analyst, Solar

Benjamin Attia is an Analyst with GTM Research’s Global Demand team, providing data analysis and forecasts, market research, and bespoke strategy consulting and advisory to key stakeholders in on-grid and off-grid solar markets in emerging economies in Southeast Asia, India, and Sub-Saharan Africa. He holds a Master of Energy & Environmental Policy and a B.S. in Economics and Energy & Environmental Policy from the University of Delaware.

Chris Ahlfeldt Energy Specialist | Blue Horizon Energy Consulting Services

Chris Ahlfeldt has over 10 years of in-depth work experience in the energy industry, primarily in the North American, Asian, and African energy sectors. Since founding Blue Horizon ECS, he has independently and collaboratively sold, managed and implemented various energy consulting projects ranging from investor/developer market entry strategies to government renewable energy policy. He has also recently been involved with several electricity sector studies across sub-Saharan Africa, such as tariff studies, cost of supply, energy market restructuring, and policy/regulatory reviews for various countries (e.g., Mozambique, Botswana, Swaziland, Zambia, Ghana, Namibia, and South Africa). He obtained a bachelor of science degree in Energy Systems Engineering from Stanford University.

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