Financial Barriers
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List of Financial Barriers in the Development of Renewable Energy.
Difficulty in Accessing Traditional Financing Windows
This barrier is specifically due to the limitations in project size, markets and balance sheets of project proponents. Project proponents are aware of the available financing schemes and they are also aware that they are not able to avail of most of these RE-unfriendly financing packages.
Lack of Support from Government Banks
Under the FINESSE project, the Development Bank of the Philippines (DBP) is suppose to relax its lending procedures and terms for projects like those catering to RE. However, the private sector in general still believe that more relaxed terms and conditions are needed and consequently, there are few takers of the financing facility that DBP offers.
