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How Thailand’s Solar Power Visionary Built an Industry with a Boost from IFC (Inglês)

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.

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