Finance guide for policy-makers: Renewable energy, green infrastructure

This guide provides an introductory and factual overview of the landscape of finance as it relates to renewable energy and green infrastructure investment (including energy efficiency), and outlines how transactions work. Section 1, on finance basics and sources of capital, introduces the different financial institutions (banks, institutional investors, different types of funds, impact investors), explains the roles of the debt and equity markets, and introduces the concepts of yieldcos and green bonds. A brief exploration of cost of capital is provided in Section 1.4. Section 2.4, on completing a transaction, shows how the types of finance are brought together to finance individual projects.