REEEP

Financing for Bundled Small-scale Rural Renewable Ventures in India

Purpose

To define and launch a new credit practice in Yes Bank (YBL) focused on financing for small-scale renewable ventures in rural India.

Main activities and outputs

  • Practice at Yes Bank focused on financing small-scale renewable transactions in rural India;
  • Develop bundles of small-scale rural renewable ventures for financing that utilise a combination of conventional and carbon finance mechanisms;
  • Secure conventional and carbon financing for a set of three commercially attractive pilot subject renewable transactions;
  • Document best practices and lessons learned for scale-up and replication.

Expected impacts

  • The practice in YBL will be an ongoing commercial operation that will continue to finance small-scale rural renewable ventures after the Project is over. Further, the bundling mechanism will facilitate such financing;
  • Financing a bundle of subject ventures will provide evidence that this is possible and serve as a model to be implemented in other YBL branches as well as other banks in India;
  • The Projects financed will be active generators of energy from renewable sources, further proving the viability of such options.

Disclaimer

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