Financing Solar Energy Schemes in Indian Villages - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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Net Zero by Narsi is a series of brief posts by Narasimhan Santhanam (Narsi), on decarbonization and climate solutions.
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About seven out of every 10 households in rural India have no access to electricity.

In 2003, a five-year effort was launched to help the rural poor finance alternative energy sources such as solar panels for their homes. The project, a partnership between the UN Environment Programme and two of India’s largest banking groups—Canara Bank and Syndicate Bank—as well as associated Grameen banks, helped the banks develop lending portfolios specifically to finance solar home systems. With our support as well as from the Shell Foundation, the project is able to provide an interest subsidy lowering the cost of the solar home system for customers.

With 20,000 loans to date, the program has created a vibrant credit market for solar home systems, and several other banks are now launching competing products on an unsubsidized basis.


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About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

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