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Canada’s Total Climate Finance Contribution:
$680,000 CAD
- 2010 to 2011: $680,000 CAD
Targeted Countries:
Thailand
Funding Period: 2010 to 2011
Financial Instrument:
Concessional Loan
Type of Support:
Mitigation
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Partner(s):
Description
The IFC-Canada Climate Change Program financed advisory services to assist the Government of Thailand in developing sustainable clean energy projects. This assistance will accelerate the implementation of private sector investment in solar and wind energy and remove market barriers to further scale up renewable energy investments. The project’s main activities include policy recommendations, to refine and increase the implementation of renewable energy policies based on global best practices, and the design of sound business models for solar and wind energy projects by providing pre-feasibility services.
Results/Expected Outcomes
The project aims to accelerate private sector investment in solar and wind energy by improving the ease of implementation of renewable energy policies/licensing and exploring sound business models suitable to promote both large-scale and distributed solar and wind projects. With support from Canada, this project is expected to mobilize an additional $1.15 million in co-financing from public and private sources and lead to an estimated greenhouse gas emissions reduction of 14,300 metric tons of CO2 per year.*
Co-Financing/Mobilized Finance ($CAD):
$1,148,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *:
14,300