Clean Energy Private Limited
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
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:
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
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
Our strategy for local investment capacity building has
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