ABSTRACT
In the Philippines, several government-initiated financing programs for NREs exist, namely: DOE -Energy Resources for the Alleviation of Poverty; NEA - Rural Photo-Voltaic Electrification Program; DBP - Window III Lending Facility/New and Renewable Energy Financing Program. In addition, private initiatives are getting headway, some suppliers find selling PV Solar system on installment terms like any other appliances workable. The Development Bank of the Philippines' (DBP) experience demonstrates that there is no single approach in financing solar PV for rural electrification system and it takes more time and effort in coming up with the appropriate loan package. The financing schemes vary from one project to project because of the economic profile of the target groups, fund sources, composition of the project implementors, etc. Learning from the experiences of previously financed projects and the successes and failures of other projects, other financing schemes evolve. DBP's innovative loan packages are done thru its W-III Lending Facility, the basic objective of which is to develop and implement financing packages which are responsive to the requirements of the target group beneficiaries who do not possess the traditional bank requirements of collateral and equity. In its desire to be at the forefront of NRE Lending, DBP is supported by UNDP's TA Grant to strengthen its technical capability to evaluate and manage NRE loan portfolio.
