India's clean energy market valued over Rs 9,000 cr

Demand for clean energy products rising in rural areas

PTI | October 4, 2010

With the demand for clean energy in India increasing, its aggregated potential market is expected to touch Rs 9,728 crore annually, an  Institute for Financial Management and Research (IFMR) report says.

The aggregated potential market for the clean energy across four sectors comprising--decentralised renewable energy services, solar home systems, solar lanterns and energy efficient cookstoves (EEC) is expected to grow over Rs 9,000 a year given demand from new quarters, says the report

The IFMR's  Centre for Development Finance, a non-profit think tank, has released the report titled "Power To The People--Investing in clean energy for the base of pyramid".

While the estimated potential annual market for decentralised energy would be Rs 9,406 crore, solar home systems has been pegged at Rs 126 crore, solar lanterns at Rs 85.5-crore, the EEC sector is likely to be Rs 2.41 crore, according to the report.

The report stated that the demand for clean energy products was rising especially among India's rural base, considered the bottom of the pyramid (BoP), which constitutes around 114 million households and nearly 60 per cent of the country's total population.

Read the report



Other News

Cyclists plan ‘memorial ride’ to press demand for infrastructure

Cycling is a passion for many, and it is a way to fitness too. With rising numbers of vehicles on the road, the government encourages this environment-friendly mode of transportation, but it comes with numerous challenges. An accident last month on the Mahipalpur flyover of south Delhi, which took the life

“World headed towards stagflation; India must take care of the poor”

As the post-pandemic fallout and geopolitical uncertainty slows down global economies and sanctions against some nations, energy crisis and inflation are adding to the troubles, India is projected to be decoupled from world economy and fare better. To check if this belief really holds water, in the latest

The changing nature of CSR in India

With the advent of globalization came a new set of challenges for corporations, notably the duty of ensuring the well-being of all stakeholders while also protecting the planet`s natural environment. Although we are dedicated to a faster and more inclusive rate of growth, it is equally imperative that we f

BMC commissioner Chahal conferred with hon. doctorate

BMC commissioner and administrator Iqbal Singh Chahal has been conferred with a Honorary Doctor of Science Degree (honoris causa) by Guru Nanak Dev University in Amritsar, Punjab. Chahal was conferred the degree during the 48th convocation of the University in Amritsar at the hands of Punjab

Sebi to have two-track approach on ESG

Securities and Exchange Board of India (Sebi) aims to use a two-track approach on environmental social and corporate governance (ESG). Addressing a conference on ‘ESG for Atmanirbhar Bharat` in Mumbai, Sebi chairperson Madhabi Puri Buch said that that there should not be a single carbo

Accuracy more important than speed in news: Anurag Thakur

Presenting authentic information is the prime responsibility of media and that facts should be properly checked before they are put in the public domain, union minister of information and broadcasting Anurag Thakur has said. “While speed with which the information is transmitted is imp

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Current Issue


Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter