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ESCO projects

India: UNDP-GEF Project Paves Way for Commercialising Industrial Process Heat

Submitted by Baerbel Epp on September 4, 2017
Dr GoswamiThe five-year UNDP-GEF project Market Development of Concentrating Solar Thermal Heating (CSH) Technologies for Process Heat Applications has paved the way towards commercialisation. The objective was to accelerate demand for CSH systems in industrial, commercial and public facilities by organising stakeholder workshops, strengthening the industrial supply chain and implementing quality assurance measures. Solarthermalworld.org spoke with Dr R P Goswami, National Project Coordinator and Director at the Ministry of New & Renewable Energy, about CSH market development in India. 
Photo: MNRE 
 

India: ESCO Concept for Wheel Producer

Submitted by Baerbel Epp on March 29, 2014
Wheels IndiaWheels India, one of the world’s largest wheel manufacturers for commercial vehicles, is profiting from one of the few ESCO projects in India. The Energy Service Company (ESCO) Aspiration Energy has been delivering heat from a 1,365 m² vacuum collector field for almost two years now. The solar-heated water at 75 °C is used to degrease the wheels prior to final painting, a process which had been supplied by oil boilers before causing high energy costs. According to Aspiration Energy, the solar field saved as much as Indian Rupee (INR) 7 million in fuel oil over the first 18 months in operation. The promising results have convinced the wheel producer to plan the installation of additional solar water heating systems in factories across the country, from Haryana state to Uttar Pradesh, Uttarakhand, Maharashtra and Tamil Nadu. 
Photo: Aspiration Energy
 

Solar Thermal Bankable – yes or no?

Submitted by Baerbel Epp on January 7, 2013

It is not easy at all to persuade third parties to finance large-scale ESCO (Energy Service Company) projects for solar thermal: The financial sector needs to become more aware of solar thermal technology and its related projects. This is the lesson that Austrian company S.O.L.I.D. learned after looking for investment partners for several months. In the first half of 2012, S.O.L.I.D joined a number of projects, in which the Austrian company takes over the role of the energy provider. The clients had already confirmed these projects, which are worth altogether EUR 10 million. So, S.O.L.I.D. asked Barry Durham, founder of Critical Mass Capital in Little Rock, Arkansas, to be its capital advisor. Durham contacted 17 European and US banks, four private investment funds and two investment bankers in the United States - without any success! In the meantime, some clients have already halted their project; for some of the others S.O.L.I.D. is still negotiating with banks. The photo shows a large process heat installation of S.O.L.I.D. at Gatorade, a subsidiary of US-American soft drink producer PepsiCo.
Photo: S.O.L.I.D.

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