Creating Clean Energy Entrepreneurs through Affordable Financing Read more about Creating Clean Energy Entrepreneurs through Affordable Financing Transportation is an essential part of economic growth. But petroleum-fueled vehicles have created serious health problems for citizens in all major Indian cities and many poor people struggle to afford to purchase a vehicle. To address these challenges, SVCL, having a presence in central India, initiated financing E-Rickshaws in FY2016-17. Under this program, low-income group families were targeted who didn’t have enough capital to buy normal auto-rickshaws and were provided credit facilities to purchase E-Rickshaw so that their income generation capacity could go up.
Nicola Armacost Keywords finance energy water sanitation microfinance renewable energy distributed solar rooftop solar e-vehicles microgrids mini-grids Read more about Nicola Armacost Nicola Armacost is the Managing Director of Arc Finance whose mission is to link the fields of finance, energy, water, and sanitation. Arc’s financial institution partners have provided access to clean energy for over 4.5 million people in a range of countries including Afghanistan, India, Nepal, Pakistan, the Philippines, Kenya, Uganda, Ghana, Nicaragua, and Haiti. Arc’s partners offer financing for distributed solar, roof-top solar, e-vehicles and a range of other uses as well as micro and mini-grids.