The Climate Investment Platform launched by three multilateral bodies in September is now open for business and renewables companies in developing nations could qualify for help with clean energy facilities, renewables-related grid improvements and energy efficiency schemes.
The head of Mercom Capital says solar has a long way to go before it can stand without policy support. Effective grid parity will only be achieved when the cost of PV electricity factors in the expense of grid upgrades and the storage systems its intermittent nature requires, says Raj Prabhu.
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