The Technical Guidelines in this report intend to give a summary of international good practice for solar PV projects developed under non-recourse project finance, oriented to include projects financed in ASEAN. Each project needs to be assessed individually and investors’ views on the risks they are prepared to take on vary. Also, as technology evolves and is demonstrated, good practice guidelines change on experience needed. Nevertheless, it is hoped that these technical guidelines will be a useful tool for the evaluation and development of projects – which may lead to increased activities in the region and increased use of green energy in ASEAN.

The Technical Guidelines highlight some key technical items through the project cycle and summarise common current views on bankability, taking regional specificities (climate, market size, etc.) into account. The Guidelines have been drafted with banks and similar investors in the ASEAN member states in mind.

Mott MacDonald has prepared the Technical Guidelines, drawing on its extensive PV project experience as the leading international consultancy for solar PV power in Southeast Asia, and incorporating Lender community feedback from a regional Banker’s focus group discussion held jointly with ASEAN-RESP in May 2014.