South Asia Clean Energy Forum (SACEF) 2024.   Register here      ||      Inviting applications for the SAREP Grants Annual Program Statement (APS) – FY2024. For more information click Here.
Opportunities: I. Request for Proposal (RFP) – Training and Capacity Building in the areas of ESG and sustainability. For more information click here. Last date: September 16, 2024.      ||      II. Request for Quote (RFQ) – Optimum utilisation of Indian Railways (IR) Rooftop Solar (RTS) assets by integrating this with Auxiliary transformer of traction supply. For more information click here. Last date: September 17, 2024.     ||      III. Request for Expression of Interest (RFEI) – Oversee state-level technical interventions and manage implementation of activities. For more information click here. Last date: September 26, 2024.

Introduction

Based on the clean energy commitments made under the Nationally Determined Commitments (NDCs) as part of The Paris Agreement (2015), the South Asian countries will require a cumulative investment of $2.6 trillion till 2030. Such quantum of investment has no past precedence, and conventional sources of capital are inadequate to meet this huge investment requirement. SAREP plans to plug-in this investment gap and mobilize investment in the clean energy space by providing technical assistance, organizing capacity building workshops and developing collateral for thought leadership, and thereby support the achievement of the envisaged clean energy targets for SA countries. SAREP proposes support investments in clean energy by developing new business models, preparing strategies to enable decarbonization, facilitating use of new and innovative financing instruments and supporting capital raise initiatives.
Introduction

Key Interventions

  • Developing financing strategy/roadmaps for public undertakings like NTPC Limited, Druk Green Power Corporation (DGPC), Hydroelectricity Investment and Development Company Ltd. (HIDCL) etc. NTPC Green – SAREP is working with NTPC Green on a Green Bond Framework which will help in raising green bonds for its RE addition target.
  • Creating Environmental, Social and Governance (ESG) framework for financing institutions like Power Finance Corporation (PFC)
  • Design and setup of innovative debt and equity funds like climate smart debt fund and sustainability equity fund.
  • Setup of investment mobilization platforms and organizing investor summits – SAREP, in collaboration with Impact Investors Council (IIC) organized the Clean Energy Investment Summit in Mumbai on April 25, 2024.
  • Supporting transactions for public and private entities like DGPC, Alt Mobility, Lithium, Ziptrax, TheeGo.
IMG_962
  • Developing green public procurement frameworks for public entities in South Asia like Indian Railways (IR), Energy Efficiency Services Limited (EESL)
  • Regional dialogue and sharing of best practices in South Asia on green public procurement
  • Structuring PPPs for electric buses, Round-the-clock (RTC) power, electric charging infrastructure, asset monetization, and smart metering
  • Innovative financing instruments like InvITs, green bonds, Alternative Investment Funds (AIFs)
  • Developing toolkits for financing institutions to appraise projects
  • Training of Financial Institutes (FIs) in technologies like green hydrogen and e-mobility
  • Asset monetization and new PPP models

Key Achievements

Mobilized investments of more than $3 billion in clean energy space

Payment Security Mechanism launched for deploying 38,000 e-Buses in India under the US-India joint collaboration

Tender 20000

Closed a debt transaction of $175 million in Bhutan

Training 170 participants from 35 organizations and 5 countries in green hydrogen

RTC power for IR - tender awarded for 900 MW, tender for additional 1.4 GW issued

Developed financing strategy of $45 billion for NTPC Green

Developed hydro and solar toolkits for HIDCL. Projects worth $1 million (25 MW capacity) approved (as of January 2024)

$6 million transaction closed with e-mobility investment mobilization platform

Tender bids notified for 3,825 e-Buses under PM eBus Sewa