² Heinz-Wolfgang Behnke, "The Experience of GTZ in Disseminating PV Technology in the Philippines," Proceedings of the Regional Workshop on Solar Power Generation Using Photovoltaic Technology (Manila: Asian Development Bank, 1997), p. 99.
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³ Eufemia C. Mendoza, "Development Bank of the Philippines Window III Experience on Financing PV SHS," Proceedings of the Regional Workshop on Solar Power Generation Using Photovoltaic Technology (Manila: Asian Development Bank, 1997), p. 368.
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⁴ RSVP (Renewables for Sustainable Village Power), National Renewable Energy Laboratory, Golden, Colo., Web site: http://www.rsvp.nre.gov.
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⁵ A subregion is any area where, within an efficient distance, there is sufficient rural population with purchasing power or in the cash economy, to be able to afford solar PV systems in one way or another. Within such a region, there will always be a segment of the population, perhaps 10% to 15%, who can afford to pay for a complete solar PV home system using either cash or very short-term (e.g., 1-year) financing.
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⁶ Henrick Ahlgreen, Photocomm, personal communication, September 1998.
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⁷ The only example of significant size is Indonesia-based Sudimara, which claims to have installed 5,000 SHS through its own credit system prior to Indonesia's economic crash.
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⁸ Jenniy Gregory, et al., Financing Renewable Energy Projects: A Guide for Development Workers (London: Intermediate Technology Publications, 1997), p. 59.
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⁹ Frank Jackson, "East Africa's First Solar Training Centre," The World Directory of Renewable Energy Suppliers and Services 1997 (London: James and James, 1997), p. 108.
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¹⁰ Michael Philips, "ECHCO to Close on $1 Billion Package, Including Renewables," Clean Energy Finance, Volume 3, Number 1, Spring 1998 (Winrock International and Energy Ventures International), p. 3.
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¹¹ The subsidies will be temporary and will amount to about $100 per system. They will be given to the PV system dealers, who have the option of providing all or part of it as a rebate to consumers. Once the program has been in operation, the dealers will find ways to cut costs and will no longer need the subsidy, according to the World Bank.
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¹² The term nonrecourse financing is applied to investments like power plants or toll roads, for which revenue from project operations is to be used as the source of funds to service loans. In the event of a project failure, investors in the project have no "recourse" to go after the assets of the sponsoring corporation that are not part of the project. Nonrecourse financing varies from recourse financing-generally referred to as corporate financing-wherein the corporation's entire asset base and balance sheet stand behind the investment.
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¹³ A. Derrick and J.A. Gregory, "Financing Schemes and Dissemination Modes for Photovoltaics: A Strategy," in Proceedings of the Regional Workshop on Solar Power Generation Using Photovoltaic Technology (Manila: Asian Development Bank, 1997), p. 341.
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¹⁴ Maderson K. Ramon, "Solar PV Experience in the Federated States of Micronesia," Proceedings of the Regional Workshop on Solar Power Generation Using Photovoltaic Technology (Manila: Asian Development Bank, 1997), p. 243.
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