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Airvoice Clean Energy Private Limited

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Basic truth about Clean Energy.

India needs to turn its energy politics around. The clean-energy economy is not about righting historical wrongs: it is a chance to leapfrog ahead of developed economies. What India needs is not Western subsidies but smart, market-based choices. India must leverage the size of its own infrastructure needs to incentivise Western companies into effectively subsidising its clean-energy drive by transferring production to Indian factories. Where Western companies struggle to scale up production at reasonable costs in their home economies, India's cheaper labour and capital costs allow expensive technologies to become affordable.

Both government and the private sector will have to change the way they view risk-taking if innovation is to take off. A thriving clean-energy sector will need dense clusters of start-ups and venture capitalists to fund them. The best way to energise both is to do the opposite of what Indian business has often done: share information, create networks of entrepreneurs and encourage best practice by mentoring. The government will need to take an even bigger step: it needs to create an independent funding body driven by innovation that funds the best and brightest to take risks on big ideas. A good model is the US department of defense's DARPA research hub, which funds high-risk, game-changing research concepts that may later be taken up for production by the private sector. Making India a hub of the new clean-energy economy will not be easy. But the old arguments about historical injustice are dead, and India needs a new approach.

Cited from http://in.news.yahoo.com/241/20100123/1272/top-column-basic-truth-about-clean-energ.html



Accelerating Clean Energy Markets in India.

India is experiencing strong economic growth, which has significant implications for greenhouse gas emissions, energy security, and equitable access to energy. The Government of India is keenly aware of these challenges and is trying to move toward a stable and sustainable mix of energy sources. By 2030, India hopes to generate 25 percent of its electric power capacity through renewable energy, but the current business and policy environment is not attracting the private sector investment needed to transform the energy mix on the scale required. In 2007, only about 1.9% percent of the US$14.2 billion private equity investments in Indian-based companies was in the clean energy sector.

To address these challenges in India’s energy sector, the Accelerating Clean Energy Markets in India initiative will achieve the following goals:

Goals
By 2010, Accelerating Clean Energy Markets in India will:

Leverage at least US$125 million in committed investment to renewable energy and energy-efficiency services.

Encourage investment in at least twenty small and medium enterprises (SMEs) by leveraging the financial power of our investor networks and the collective skill of enterprise development networks.

Collaborate to pilot one or more new financing mechanisms with the potential to achieve significant scale to create renewable and efficient energy solutions for underserved rural and urban markets.


Local Investment Capacity Building

WRI will accelerate the growth of clean energy markets in India through its comprehensive Local Investment Capacity Building strategy.

Our strategy for local investment capacity building has three components:

1. Engage our India-based Investor Network and Steering Committee in order to leverage investment in renewable energy technologies and services in India.

2. Work with local partners to build a steady stream of investor-ready clean energy enterprises.
3. Provide analytic support on priority areas for financing innovation to create an environment conducive to increasing private sector investment in clean energy markets.

Cited from http://www.wri.org/project/clean-energy-india

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