- One of the winners of this year’s UN Momentum for Change awards has been transforming Thailand’s renewable energy capacity with utility-scale solar farms.
- To get finance flowing for what was then a new industry in the country, she worked with the World Bank Group’s International Finance Corporation (IFC) and the Clean Technology Fund to access blended finance.
- The project is increasing clean energy capacity while helping drive economic growth in one of Thailand’s most impoverished regions.
Worldbank – Thailand’s solar power market was at a standstill in 2008, with solar energy accounting for less than 2 MW of installed capacity. Technology costs were falling, though, and the government was starting incentives for renewable energy developers. Wandee Khunchornyakong, a retired solar panel manufacturing executive, saw potential.