Design and implementation of new financing mechanisms and instruments for promotion of solar water heating systems in India

An effective financial assistance can play an important role in promotion of SWHS. The involvement of various stakeholders in the development and implementation of financing mechanisms and instruments is essential to understand the financial needs of different kinds of sectors and demand segments in India. Further, in order to examine the role that financing mechanisms and instruments can play in addressing such needs and promoting widespread deployment of SWHS, a comprehensive study of international schemes was also necessary. In view of this, Project Management Unit (PMU) of Ministry of New and Renewable Energy (MNRE) engaged ABPS Infrastructure Advisory Private Limited (ABPS Infra) to analyse the existing financing mechanisms and instruments implemented in India as well as in other countries, assess the financing needs and to design the new financing scheme and instruments for promotion of SWHS in India.