The Indian Government under the PMO is seriously looking at growing the market & opportunities in the renewable energy space. Another business avenue thrown open is the SEZ sector with the government making it mandatory for all SEZs to power atleast a quarter of their lighting needs with solar energy.
The move on greening of SEZs comes close on the heels of the government lining up a proposal to float market-linked trading tools to incentivise energy efficiency of commercial buildings and establishments to be solar powered.
The goal is to make all new and existing SEZs green as the government wants existing SEZs to go for green certification. Some of the points include
a) At least 25% of the installed external lighting load should be solar powered
b) 2% of estimated energy consumption for each zone should be from solar or other forms of renewable energy and it should be gradually scaled to 20% of total estimated energy consumption in 10 years.
c) All new buildings in SEZs would have to be energy efficient as per the Energy Conservation Building Code (ECBC).
d) At least 30% of the rain water should be harvested in each tax-free zone.
e) Use of eco-friendly transportation facility like electric vehicles, CNG, bio-diesel or any other environment friendly fuel.
We are equipped to convert this into an opportunity and are interested to work along with SEZ developers to:
1. Design energy efficient buildings that
a. save construction costs (1%-5%)
b. earn carbon credits
2. Efficient use of renewable energy by integrating it in the design plan itself– solar, wind, waste to energy, micro hydel.
3. Different business models including investors owning the renewable energy component of the SEZ.
4. Equity, Debt (ECB), Carbon financing
5. CDM registeration for the SEZ and for the renewable energy projects
We believe in doing out bit for the environment through sustainble business models where we make the projects financially and environmentally viable.