India has ambitious plans for its renewable energy sector. By 2022, the government seeks to expand renewable energy capacity to 175GW, with 100GW of solar and 60GW of wind, among other sources. In 2015, the Ministry of Environment, Forest and Climate Change announced, as part of India’s Intended Nationally Determined Contribution, that the nation will reduce the emission intensity of its GDP by 33-35 per cent by 2030 from the 2005 levels.1 Internationally, experts and leaders are calling India an exemplar for transitioning to renewable energy. Even as this transition is underway, the pressure to extend energy access to a wider portion of the population remains. Now, more than ever, it is imperative that the ecosystem for clean energy innovation in India is strengthened. The main objective of this report is to assess the clean energy innovation ecosystem in India, with particular focus on the context for small and medium enterprises (SMEs), a group that contributes considerably to India’s overall economy. It further develops a baseline mapping of this ecosystem and analyses the challenges and opportunities that exist in the clean energy SME sector in India. Building a strong ecosystem of financial and regulatory organizations and programmes to further the work of these SMEs will allow greater access to energy, particularly in energy-starved areas as well as scale up the reach and availability of clean energy while bringing down costs…

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