In the next two decades, India will be home to over 1.5 billion people and add substantially to urban habitats, infrastructure, vehicle fleet and industries. Undeniably, India is set for a period of sustained growth in energy demand. Energy is central to achieving India’s development ambitions to support an ever expanding economy and to meet the aspirations of its citizens. Shakti Sustainable Energy Foundation seeks to facilitate India’s transition to a cleaner energy future by aiding the design and implementation of policies that promote clean power, energy efficiency, sustainable urban transport, climate action and clean energy finance.
The Power programme works to mainstream renewable energy, support utility-led energy efficiency and enhance access to energy
Renewable energy has immense potential to meet India’s growing energy needs. The ambitious target of 175GW of renewable energy by 2022 with plans to expand further has spurred the market for renewables.
Distribution utilities supply electricity to consumers and in turn collect revenues to keep the sector going. The implementation on utility-led efficiency measures in India can generate widespread energy savings.
Access To Energy
Close to 237 million Indians lack access to reliable and affordable electricity. This not only constrains productive activities but also hinders the delivery of essentials such as safe drinking water, healthcare and education.
The Energy Efficiency programme seeks to enhance energy efficiency in appliances, buildings and industry
India’s growing consumer appliance market is adding to the demand for energy. Energy efficiency and conservation practices for home appliances and industrial equipment can help reduce energy consumption, emissions and energy cost burdens.
Buildings account for more than 30% of electricity use in India. Two-thirds of the buildings that will exist in India by 2030 are yet to be built. Urbanization has led to a sharp increase in the urban building floor area and in the demand for space cooling.
India’s energy demand is rapidly increasing and is expected to double by 2030. The Industry sector accounts for 40% of total energy consumption. Energy efficiency measures in industries can bring about considerable energy savings.
The Transport Programme works towards sustainable urban transport, improved vehicle and fuel efficiency and energy efficient freight
Indian cities are growing at an unprecedented scale and pace. With an urban population of over 377 million people—and growing quickly—India must focus on delivering sustainable urban mobility solutions.
Vehicles and Fuels efficiency
India is the sixth largest producer of passenger vehicles in the world. Car sales have rapidly increased in the last few years, with India surging ahead of bigger markets like China, Brazil and Europe.
Although the freight fleet accounts for only five percent of the total vehicles in India, it contributes disproportionately to fuel use (around 55%) and emissions (around 60%) in the road transport sector.
The Climate Policy programme supports efforts to transition India towards a low-carbon pathway
Short-Lived Climate Pollutants
Short-lived climate pollutants are greenhouse pollutants with a high global warming potential and include hydrofluorocarbons (HFCs), black carbon, methane and nitrous oxide.
Pursuing a low carbon development pathway provides a growth paradigm that will enable India to achieve its development aspirations while responding to the threat of climate change.
Deteriorating air quality due to the release of hazardous pollutants from multiple sources is a growing challenge. Most Indian cities report poor levels of air quality, affecting the health of citizens and economic activity.
Clean Energy Finance
Catalyzing finance to meet India’s climate and energy goals
Policy and Regulation
Policy is a key determining factor in promoting the continued growth in clean energy. The recent policy push for renewables in India has led to growth in utility-scale renewable energy.
Institutions and Businesses
Continued progress toward a clean energy future will require unprecedented amounts of accessible and fully-scaled capital channeled through various avenues and facilities.
Instruments and Markets
India’s growing clean energy market requires specialized low-cost and long-term fund raising instruments for clean energy projects. However, there are a limited number of investment instruments that cater specifically to the clean energy sector.