This report covers relevant aspects of financing mechanisms for the promotion of SWHS in India, such as: segmentation of market for SWHS, assessment of financing needs of user segments, identification of financing instruments and proposed financing mechanisms. The report was prepared by ABPS Infrastructure Advisory Private Limited (ABPS Infra) by the mandate of the Indian Ministery of New and Renewable Energy. Given the huge untapped market, Ministry of New and Renewable (MNRE) under the ‘Global Solar Water Heating Project’ is exploring the possibility of developing promotional schemes, which will enable large-scale deployment of SWH in the country.
Worldwide, solar water heating has been attracting the attention of the policy makers due to its potential to reduce electricity consumption and consequent emission reduction. India has been bestowed with abundant solar energy, available almost around the year. All over the world, high initial cost of the Solar Water Heating System (SWHS) has been found to be the major hurdle for large-scale deployment of solar water heating (SWH). India is no different. Similar to other countries, India has undertaken several initiatives for promotion of SWH.
Author: ABPS Infrastructure Advisory Private Limited
Date of publication: 2010
Download document here