Thailand’s solar power market was at a standstill in 2008, with solar energy accounting for less than two megawatts (MW) of installed capacity. Technology costs were falling, though, and the government was starting incentives for renewable energy developers. Wandee Khunchornyakong, a retired solar panel manufacturing executive, saw potential. One of the winners of this year’s UN Momentum for Change awards has been transforming Thailand’s renewable energy capacity with utility-scale solar farms. To get finance flowing for what was then a new industry in the country, she worked with the World Bank Group's International Finance Corporation (IFC) and the Clean Technology Fund to access blended finance. The project is increasing clean energy capacity while helping drive economic growth in one of Thailand’s most impoverished regions.
Details
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Document Date
2014/11/25
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Document Type
Brief
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Report Number
166571
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2021/12/02
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Disclosure Status
Disclosed
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Doc Name
How Thailand’s Solar Power Visionary Built an Industry with a Boost from IFC
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Keywords
solar farm; press release; improving water service; Clean Energy; blended finance; renewable energy capacity; participation of woman; social and environmental; barrel of oil; local bank; rural area; generation capacity; renewable source; private investment; Emerging economies; emerging economy; solar panel; installed capacity; news feature; legal access; Solar Power; new industry; accountability system; Climate Smart
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Citation
How Thailand’s Solar Power Visionary Built an Industry with a Boost from IFC (Thai). Feature Story Washington, D.C. : World Bank Group http://documents.worldbank.org/curated/en/321621638450513533/How-Thailand-s-Solar-Power-Visionary-Built-an-Industry-with-a-Boost-from-IFC