Global S&T Development Trend Analysis Platform of Resources and Environment
Drivers and Challenges for Rooftop Solar Loans to Small and Medium Enterprises in India | |
Jolly Sinha; Sagar Srijan Joshi and Gireesh Shrimali | |
2018-11 | |
出版年 | 2018 |
语种 | 英语 |
国家 | 美国 |
领域 | 气候变化 |
英文摘要 | India needs to accelerate the growth of its rooftop solar sector. Of the 40 GW of rooftop solar installations targeted by 2022, the country has only achieved 2 GW to-date. This slow progress may hinder the country’s ability to reach its overall solar targets and meet its energy demand. Presently in India, there are two dominant business models for rooftop solar: the capital expenditure (CAPEX) model, which has an approximate 75% of market share, and the renewable energy supply company (RESCO) model, which accounts for 22% of rooftop installations. These models work fine for larger commercial and industrial (C&I) players who have access to upfront capital, or can obtain commercial loans. However, rooftop solar remains constrained among smaller C&I players, micro, small and medium enterprises (MSME), and residential customers due to lack of financial resources and inability to access debt. A CAPEX model with a commercial loan for the off-taker is a potential solution for these categories of customers. This model has proven effective with large scale implementation across Europe and the U.S. This proposed model is similar to the existing the CAPEX model, where the customer makes the upfront payment to finance the solar assets. This payment is, however, financed by a mix of the customer’s own equity and a commercial loan taken directly by the customer. In this report, we assess the viability of the CAPEX loan model with a focus on the MSME sector, identify barriers to uptake, and recommended policy solutions to these barriers. Through secondary research and interviews, we draw the following conclusions:
There are also certain other policy solutions, like increasing the limit for net-metered solar plants and devising clear timelines for benefits, that could help create a more favorable environment for rooftop solar. Coupled with the solutions discussed above, these solutions could open more opportunities for solar uptake in the MSME sector. Prioritized list of solutions for the CAPEX loan model
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英文关键词 | climate finance energy access renewable energy rooftop solar power solar sustainability |
URL | 查看原文 |
来源平台 | Climate Policy Initiative |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/242548 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | Jolly Sinha,Sagar Srijan Joshi and Gireesh Shrimali. Drivers and Challenges for Rooftop Solar Loans to Small and Medium Enterprises in India,2018. |
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