Clean Energy for Rural Development (RECIII)
The project aimed at strengthening the Rural Electrification Corporation’s (REC) competitiveness and role in the field of financing renewable energies (REs) in India. More precisely, the technical assistance measures supported REC in:
- Reducing risks related to RE project finance;
- Increasing their expertise in the field of RE;
- Developing new and improve existing financial products;
- Enhancing the sustainability of REC activities in the RE sector in the long-run.
The range of capacity building measures was divided between training and tools, with the former covering financial as well as technical aspects of RE projects. The training package consisted of six training sessions (one each on wind energy, solar photovoltaic (PV), concentrated solar power (CSP), biomass and bagasse, small hydropower and RE financing specifics as well as a study tour in Germany. The second package concerned the development and implementation of tools for the financing of RE projects and covered the development of financial models for RE projects, of a toolkit for internal project appraisal – including appraisal guidelines –, of a toolkit for assessing and categorizing environmental and social risks, the assessment of REC’s organizational structure as well as a compilation of materials for training on RE technologies.