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Project type: Household devices, Renewable energy
In India, rural, low income populations continue to be underserved by access to renewable energy, despite its growth at the national level. A report published by the International Energy Agency in February 2021 states "There’s a tremendous opportunity for India to successfully meet the aspirations of its citizens without following the high-carbon pathway that other economies have pursued in the past." The aim of the SELCO Solar Energy Access project - a joint initiative with SELCO Solar Pvt (SELCO) and Natural Capital Partners – is to enhance energy access, primarily for bottom-of-the-pyramid households, by distributing an array of solar products including solar lighting, solar water heating, and solar PV. With the support of carbon finance, the project aims to empower users by providing a complete solution package; including products, servicing and financing.
In addition to delivering emissions reductions to take climate action (SDG 13), the project delivers a number of other benefits including:
Vinod Bagilovayl is a bike garage owner in North Karnataka. Without electricity, his working hours were limited, meaning he had to refuse some customers. Since owning a solar lamp, he has seen a 50% increase in income from being able to work an extra few hours each day.