UNEP Risoe Centre
was awarded the
2007 Energy Globe Fire Award for launching the
Home Systems Project. Jyoti Painuly,
URC manager of the Project, received the award on behalf on the Project
is awarded to projects from all over the world which make careful and
economical use of resources and employ alternative energy sources."
Launched in 2003 with support from the UN
Foundation and Shell Foundation, the Project is a partnership between UNEP,
UNEP Risoe Centre, and two India large banking groups,
Bank. Local project management is provided by Crestar Capital, Mumbai.
The purpose of the Project was to establish a
consumer credit market for financing solar home systems (SHS) in Southern
India. The innovative financing arrangement involved an interest rate
reduction, a direct support system to develop the market and a process to
qualify suppliers. The Project however does not provide a subsidy on the
high capital cost of solar home systems.
Nearly 18,000 middle class households in
Southern India have used the Project's innovative credit to buy a solar
photovoltaic system to power lights and small appliances.
Video of award ceremony (Windows media video)
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