There is a necessity for a more encouraging financial environment for DRE enterprises to flourish and help cater to the growing demand for affordable and reliable energy, the report said
September 19, 2019. By News Bureau
Decentralised renewable energy (DRE) can guarantee continuous, reliable and quality energy supply through clean energy sources to households and small and medium enterprises (SMEs), as per a report by Clean Energy Access Network (CLEAN).
Based on its annual survey "State of the Decentralized Renewable Energy Sector in India" CLEAN has gathered the report for 2018-2019.
The 42 CLEAN member enterprises who replied to the survey presently serve 4,300,000 customers across India and are responsible for 4,344 full-time jobs and 2,556 part-time jobs in the sector.
There is a necessity for a more encouraging financial environment for DRE enterprises to flourish and help cater to the growing demand of affordable and reliable energy, the report said.
The survey found 78 per cent of the respondents have changed their business models and offerings as a result of the government initiatives. "45 per cent of the members surveyed reported that they have been profitable last year and 57 per cent were able to raise capital in the past," said the CLEAN report.
DRE enterprises have voiced their concerns on the need for a stronger policy and financial environment to help their businesses flourish and cater to the energy needs of those with limited access to it.
The report also presented an overview of the deployment of DRE technologies of the enterprises participated in the survey. According to the report, DRE enterprises have identified new market areas.
Mini-grid practitioners expressed their desire to have a comprehensive mini-grid policy, explaining the role and scope of mini-grid operators in partnership with local discoms. Rural, poor and marginalized sections of the society were found to be the largest beneficiaries of clean energy from DRE sources.
The report acmes the role of DRE and the impact that it can create through innovation and grassroots’ level enterprise.
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