OPPORTUNITY
While India achieved 100% household electrification in 2019 across the country, about 40% of rural C&I customers, especially in low-income states of North & East India (UP, Bihar, Jharkhand, Odisha and others), are still not connected to the grid. Hence, millions of rural and peri-urban C&I customers (including MSMEs), burn ~1 billion litres of diesel each year due to unavailability and/or unreliability of the main grid
APPROACH
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Crowding-in key market actors including:
- Project Developers (ESCOs)
- Financing Partners
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Putting structural elements in place to support market actors including:
- Raising Consumer Awareness
- Demand Aggregation
- Technology Platform
- Leveraging existing DFI-Driven Schemes
THE GOAL
SPI aims to build the market for Rooftop Solar to reach 100 MW installation by 2024 to displace 150,000 tons of carbon annually, by crowding-in relevant actors, including project developers & financiers, and unlocking the solar rooftop market for millions of diesel-dependent MSMEs across low-income states of North & East India.