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CASE STUDY: INDIA—OFF-GRID PHOTOVOLTAIC Solar panels powering a rural cultural and drama centre nonconventional power generation; and (4) promote environmentally sound investments to reduce the energy sector’s dependence on fossil fuels. OUTCOMES GEF financing for PV capacity was 2.1 MWp in 78 sub projects, slightly below the target of 2.5 MWp. Products financed ranged from 5 Wp solar lanterns, 900 Wp PV irrigation pumps, 500-2500 Wp solar power packs, and 25 kWp village power schemes to a 200 kWp grid-tied system. In addition, IREDA financed an additional 4 MWp of PV irrigation pumps with assistance from the Ministry of Nonconvential Energy Sources. Evidence of positive development impacts from PV use among poorer consumers are emerging, including: five-fold income increase among farmers using PV pumps; a 50 percent increase in net income among some traders using solar instead of kerosene lighting; income increases of 15 to 30 percent in some rural households because of increased home industry output; and longer study hours, under better lighting conditions, for children. Project Title: Alternate Energy GEF Agency: Cofinancing: OBJECTIVE World Bank US$424 million GEF: US$26 million Dates of Implementation: 1993–2002 The project aims to: (1) promote commercialization of renewable resources technologies by strengthening the Indian Renewable Energy Development Agency’s (IREDA) capacity to promote and finance entrepreneurial investments in alternate energy; (2) create marketing and financing mechanisms for the sale and delivery of alternate energy systems based on cost-recovery principles; (3) strengthen the institutional framework for encouraging private sector investments in INVESTING IN RENEWABLE ENERGY: THE GEF EXPERIENCE 17PDF Image | INVESTING IN RENEWABLE ENERGY: THE GEF EXPERIENCE
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