PPA Bankability in Asia-Pacific Markets
Bankability is not necessarily correlated to solar market attractiveness, but is an important criterion for unlocking large-scale investments. Asia-Pacific markets, despite having various bankability concerns, are expected to install an estimated 70 GW of solar annually through 2022, accounting for 60% of annual installations through 2022. Although the outlook is improving, offtaker credit quality and curtailment risks are still concerns. As bankability concerns are addressed, solar financing costs could decline.
This report synthesizes typical bankability risks facing the APAC markets and compares bankability of projects with market attractiveness, as well as provides an overview of APAC solar demand.