Global Green Growth Institute
room 19F Jeongdong Bldg., 21-15 Jeongdong-gil, Jung-gu Seoul 04518
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Solar PV electricity for agricultural development

IATI Identifier: XM-DAC-47136-SN08

Published on IATI
  • date_range Aug 01, 2019 - Dec 30, 2019
  • autorenew Closed (Status)

Development of a business model that will likely centre on a financing structure being created in which the solar PV assets are held by an entity (e.g., a bank or a special purpose vehicle) that enters into a contract with one or more project developers. In turn, the project developer(s) contracts the use of the solar PV to agricultural producers. The producers credit payments for agricultural produce sold to their accounts held at the entity which debits agreed amounts, thereby servicing payments. Creditworthy purchasers of produce from established agricultural producers will thus be the primary repayment source, where those payments are hypothecated to the entity.

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Sectors:
  • Energy generation, renewable sources - multiple technologies

  • Reporting Organisation

Participating Organisations

Global Green Growth Institute Multilateral Implementing
Global Green Growth Institute Multilateral Funding

Transaction

Transaction Value Provider
Receiver
Type Date
83,842 USD Provider N/A Receiver N/A Expenditure
date_range Jan 01, 2020
22,855 USD Provider N/A Receiver N/A Expenditure
date_range Aug 01, 2019

Budget

142,784 USD
  • 99,411 USD (Valued at Dec 31, 2020)
    date_range Jan 01, 2020 - Dec 31, 2020
  • 43,373 USD (Valued at Dec 31, 2019)
    date_range Aug 01, 2019 - Dec 31, 2019
access_time Updated on Sep 13, 2023 14:35:25