PACE-D Technical Assistance Program Progress Report
This assessment progress report covers the Partnership to Advance Clean Energy (PACE) is the flagship program under the U.S.-India Energy Dialogue. PACE focuses on spurring low carbon inclusive development by supporting research and deployment of clean energy technologies. USAID’s Partnership to Advance Clean Energy – Deployment (PACE-D) Technical Assistance Program is one the initiatives under the broader PACE program and was formally launched on July 31, 2012. This report highlights key activities and achievements since the launch of the program in July 2012.
The program focuses on policy support, institutional strengthening, capacity building, pilots, finance, partnerships, and outreach. The PACE-D Technical Assistance Program includes three components: 1) Energy Efficienty, 2) Renewable Energy, and 3) Cleaner Fossil Technologies, with cross cutting activities of clean energy finance, institutional strengthening, and capacity building and training.
The purpose of this report is to provide an overview of the PACE-D Program and benchmarks, as well as share lessons learned with similar clean energy programs in the future.
Excerpt from the report:
Off-Grid Renewable Energy Fund Key Drivers:
- On-site and off-grid energy generation presents a significant opportunity in the Indian energy market. The market potential for these systems is expected to be 30 GW+ (over USD 60 billion+) by 2030.
- This market potential will comprise of the demand emanating from:
- Off-grid as well as grid interactive systems (to meet captive energy needs)
- Off-grid energy systems servicing rural energy demand as well as large scale C&I complexes.
- Nearly 250 stakeholders are involved in servicing the off-grid market value chain in India. Most of these are local players without large balance sheets, and limited understanding of the opportunities to replicate and scale up.