End User Finance for Access to Clean Energy Technologies in South and Southeast Asia (FACET): This multi-year programme was initiated in September 2010. The main goal of this multi-year programme was to help overcome the financial barriers to implementing clean energy technologies. The programme aimed to initiate and increase domestic bank lending to end-users of small-scale clean energy applications in South-East Asia.
Two types of assistance were provided from FACET to local stakeholders in order to demonstrate the great potential for clean energy applications, and so stimulate a sustainable local market for relevant technologies:
– Technical Assistance: market research to assess the local barriers to low carbon technologies, analyze the demand for financial support mechanisms, identify and assess target markets; training and business planning for local banking partners; marketing support for new lending products: raising customer awareness through targeted communication campaigns and other communication channels
– Financial Incentives: assistance to define and structure appropriate lending programmes under local conditions: cost-sharing, credit structure, credit analysis, underwriting guidelines, collection & administration; temporary interest rate subsidies with a view to prime the market, with subsidies being phased out over time