Providing access to clean energy for the low-income communities in rural India
Social enterprise company ONergy has joined the Business Call to Action (BCtA) with a pledge to scale up its successful product distribution network to bring reliable solar-powered products to India's poorest and least served region. By 2017, the expansion is expected to provide solar energy to 460,000 people and reduce CO2 emissions by as much as 100,000 tons.
The expansion calls for the creation of 50 new Renewable Energy Centers (REC), the company's network of trained rural entrepreneurs and NGO/microfinance partners who deliver and service its proprietary line of solar-power products in remote areas. The new RECs will be situated in five states within East and Northeast India. They are expected to create 100 full time jobs.
ONergy's business model focuses on three core areas: technology, energy infrastructure, and financing. In the technology sector, the company manufactures and distributes a proprietary line of solar-powered products including irrigation pumps and micro cold storage for agriculture, AC and DC micro grids to support livelihoods, TV and computers for digital access and learning. The RECs provide a complete energy infrastructure able to deliver custom-driven solutions to ONergy's clients. Finally, to make solutions affordable, ONergy facilitates financing by partnering with both banks and Micro finance institutions. In addition, with the support of International organizations, ONergy has set up a revolving energy corpus to facilitate low cost credit to MFIs and rural entrepreneurs.