Every year, India generates an estimated 62 million tons of waste. Of that amount, between 75 and 80 per cent is collected by municipal authorities. Worse, of the amount collected, only about 22 to 28 per cent is processed and treated. And that is today. By the year 2050, world waste production is expected to touch approximately 27 billion tons per year.
India is home to some of the fastest growing cities on the planet. Per UN estimates, the country’s urbanisation rate is already greater than 34 percent, set to cross 50 percent by 2050. Reports also suggest that over the next thirty years, about 900 million rural Indians will migrate to urban areas.
By the year 2031, an estimated 600 million people are expected to be living in Indian cities.
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To understand the barriers before SME financing, TERI, on behalf of IFC, undertook a “Feasibility study for the SME EE finance project” under the Eco-Cities India Program. The study focused on identification and analysis of small-scale industry clusters/sectors in and around the cities of Bhubaneswar, Chennai, Bangalore and Greater Mumbai. After the study, the Program has identified three key financing needs in the energy efficiency sector:-
The project aims at installing grid-connected rooftop solar PV systems on the rooftops of residential, commercial, and industrial premises in Thane and Pune through Maharashtra Energy Development Agency (MEDA). The electricity generated from the solar systems could either be entirely fed into the grid at regulated feed-in-tariffs or used for self-consumption with the net-metering approach.
A commencement workshop was held to discuss the adoption and proliferation of rooftop solar applications across Maharashtra in collaboration with Maharashtra Energy Development Agency (MEDA). MEDA will implement 4700 MW-capacity rooftop solar projects across Thane, Pune, Pimpri, and an identified area in Mumbai by 2022.