Transforming the Energy Services Sector in India Towards a Billion Dollar ESCO Market

Transforming the Energy Services Sector in India Towards a Billion Dollar ESCO Market
Sector:Clean Energy Finance Undertaken By:Alliance for an Energy Efficient Economy Year Published:2017

Based on the first-of-its-kind national ESCO survey, a study supported by Shakti has estimated the size of India’s ESCO market to be between INR 93,000 - 120,000 crores for commercial buildings, agriculture pumping, municipal pumping, street lighting and industries. To realize this potential, the study proposes the following:

  • Development of a nation-wide energy efficiency data repository with benchmarks
  • Development of a technology-enabled energy efficiency collaboration and marketplace platform
  • Creation of standardized solutions to build trust and enable scale in the market
  • Modification of the existing ESCO accreditation process to enhance confidence and credibility
  • Development of a neutral ESCO market enablement entity for awareness and facilitation