Market Assessment for Partial Risk Guarantee Fund for Energy Efficiency & Venture Capital Fund for Energy Efficiency
This report presents the findings of a study carried out with the broad objective of assisting the Bureau of Energy Efficiency (BEE) and other relevant Indian policy makers to increase the market opportunities for Energy Service Companies (ESCOs) and to provide inputs to the existing fiscal instruments - PRGFEE and VCFEE. The study was carried out as a part of the ongoing initiatives in the area of energy efficiency finance under the USAID Partnership to Advance Clean Energy-Deployment Technical Assistance (PACE-D TA) Program.
Included in the report is information on the objective and methodology of the study, market response, estimates of the market potential for PRGFEE and VCFEE, feedback on PRGFEE and VCFEE, and learnings and recommendations based on the market assessment.
The market assessment study confirmed that the potential for ESCO business is immense in India in the coming years, and recommended that priority be given to the quick roll-out schemes that can projects can capitalize on their benefits.
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