Creating scalable financing models for sustainable energy services via microfinance institutions

Purpose

To create a replicable innovative financial mechanism for renewable energy financing which will lead to influencing the existing policy on financing energy services in the region.

Main Activities

  • Develop 10 RE & EE projects with five different innovative financing mechanisms involving at least five different financial and/or micro-finance institutions in renewable financing;
  • Train representatives micro-finance institutions about renewables and innovative financing;
  • Train and involve the media in promotion of renewable financing and policy reformation;
  • Collate success stories and using these as examples for policy advocacy for clean energy;
  • Involve partner micro-finance institutions in policy advocacy.

Expected Impact

  • Involve more financial institutions in renewable financing making the service accessible for rural underserved populations and influencing policy makers to bring appropriate reformation in existing policies;
  • The policy reformation will encourage mass replication of renewable financing in various areas ultimately increasing the reach of renewable services to the underserved and including them in the ‘bankable category';
  • The energy service is expected to result in income generation and promoting livelihoods.

People

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REEEP Team
Harish Hande's picture

Harish Hande

Managing Director - SELCO India

Programme sector: 

Renewable Energy (RE) (Business&Finance)

Stage of project: 

Completed

Location: 

IN/India

Duration: 

2007 - 2009

Budget: 

€ 150,000 including co-funding from SEWA BANK, Syndicate Bank, KVG Bank

Implementing agency: 

SELCO Solar Light Pvt. Ltd.

REEEP grant funded by:

United Kingdom

Norway