Global Solar Investment Report: State of Solar Markets and Role of Concessional Finance in ISA Member Countries

The Climate Investment Funds (CIF), and concessional finance in general, can be key to addressing the challenges and unlocking demand and supply for solar energy through the use of various instruments in its toolkit. It can provide targeted, concessional capital (longer tenors, lower rates) to de-risk investments, and also help lay the policy and market foundations that attract solar investment in places where this is lacking. This report presents the current cost and technology trends in the solar sector and an estimate of the market size in each ISA member country where data is available. It also analyzes the major finance providers in these markets before moving on to a forward-facing analysis of how these markets may look by 2030, and what the role of the CIF and concessional financing can be. The key findings are summarized under each of these headings below.