Transforming the Energy Services Sector in India: Towards a Billion Dollar ESCO Market
The Energy Efficiency (EE) market in India has been a sleeping giant for more than two decades now. For a market potential that is estimated anywhere between $10 billion to $35 billion, combined revenues by Energy Services Companies (ESCOs) of about a quarter billion is only a fraction of what exists in similar size EE markets such as the US, Europe, China and Brazil. A deep-dive into the challenges faced by the Indian ESCO market vis-à-vis a comparison of success stories in other markets leads us to the premise that one of the critical gaps has been an absence of a credible market maker that can enable and transform the industry by facilitating interactions with policy makers, ESCOs, financial institutions and end customers.
This project is a step towards enabling that transformation. The project carried out a spectrum of activities to analyse the current ESCO market in India.