Innovative Financing for Solar Water Heating


To build knowledge about, and advance models for, innovative financial mechanisms to boost solar water heating.

Main Activities

  • Develop a model business plan for Brazilian SWH fee-for-service and performance contract operations;
  • Develop a model business plan for Caribbean SWH fee-for-service operations;
  • Explore and integrate a carbon finance role in these business models;
  • Work with the Brazilian and Caribbean stakeholders to help evaluate viability and adapt business plans for their situation;
  • Build knowledge about possibilities for carbon finance in Caribbean utility SWH programmes;
  • Explore possibilities for international REC trading to boost developing country SWH activities;
  • Share information with a network of stakeholders, including other REEEP priority countries such as China, India and South Africa.

Expected Impact

  • Provision of model business plans to solar water heating manufacturers and electric utility companies in order to develop and launch new operations;
  • Increased understanding of replicable innovative financing models such as fee-for-service and performance contract arrangements, as well as the tools needed to design and implement such programmes.
Programme sector: 

Renewable Energy (RE) (Business&Finance)

Stage of project: 



(Caribbean region)


2005 - 2006


€ 125,750 including co-funding from Blue Moon Fund, The Oak Foundation

Implementing agency: 

Green Markets International

REEEP grant funded by:

United Kingdom