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Prospects of clean energy in rural India

Sep 29, 2010

A recent report Power to the People: Investing in Clean Energy for the Base of the Pyramid in India jointly launched by Centre for Development Finance (CDF)-IFMR and World Resources Institute, presents an overall picture of the upcoming clean energy sectors in India by looking at its opportunities, challenges, and potential paths of growth.

Power to the People: Investing in Clean Energy for the Base of the Pyramid in India

Publisher: CDF-IFMR, WRI; September 2010

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The goal of this report is to inform investors about the market potential of the clean energy industry serving India’s rural BoP market, by looking at its opportunities, challenges, and potential paths to growth. The purpose of our report is to present an overall picture of these growing clean energy sectors, rather than to provide investment advice on individual companies.

The potential opportunity for investors in the Indian clean energy market for the rural BoP is significant. We estimated the aggregated potential market for the four sectors studied in this report to be INR 97.28 billion (US$2.11 billion) per year, including INR 94.06 billion (US$2.04 billion) for decentralised renewable energy services and INR 3.22 billion (US$70.1 million) for energy products per year.

Our analysis shows that clean energy services and products may require an upfront investment three to ten times greater than that for conventional energy sources such as kerosene and firewood, which often are subsidised or free to India’s rural consumers. Yet despite these and other drawbacks, the average annual gross revenue of the companies profiled in this report has grown 36% since 2004.

 

Source : CDF-IFMR
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