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