Indigenous-owned clean energy projects in remote areas face chronic barriers to accessing private capital to help fund the development of renewable energy. Most of these communities must simultaneously contend with pronounced economic, institutional, and technical challenges that create additional obstacles to securing affordable financing. All levels of government have the capacity and opportunity to eliminate barriers to private sector capital through the application of robust climate, energy and financial policies and resources. By adopting sound policy options, government, utilities and financial institutions can create a supportive environment for renewable energy in remote areas, improve its cost-competitiveness, and increase the range of financing options for renewable energy projects.
In this report we summarize the key barriers facing renewable energy deployment in remote communities as they relate to accessing capital and recommend government policies, programs, and tools that could be used to attract market capital and improve the business case for renewables in remote areas.
