SIDBI and Tata Power Collaborate to Launch 1,000 Green Energy Enterprises Across India

The Small Industries Development Bank of India (SIDBI) has partnered with Tata Power's subsidiary, TP Renewable Microgrid (TPRMG), to launch 1,000 green energy enterprises across India. The initiative aims to promote sustainable entrepreneurship models and empower rural entrepreneurs by providing them with affordable green energy solutions and technical knowledge. Under the program, entrepreneurs will receive a GREEN incentive, known as Go REsponsive, ENterprise incentive (GREENi), after completing a capacity-building activity organized by TPRMG.

Key Takeaways:

• The partnership between SIDBI and TPRMG aims to promote sustainable entrepreneurship models and empower rural entrepreneurs by providing them with affordable green energy solutions and technical knowledge.
• 1,000 green energy enterprises will be launched across India under the initiative, which is a result of the collaboration between SIDBI's 'Empowering MSMEs' campaign and Tata Power's 'Sustainable is Attainable' program.
• TPRMG will shortlist entrepreneurs from both their existing Microgrid network and new areas to provide them with technical knowledge and affordable green energy solutions.
• The GREEN incentive (GREENi) will be provided to entrepreneurs after they complete a capacity-building activity organized by TPRMG.
• The initiative aims to assist in Ease of Doing Business in rural parts of the country and develop skills to enable low-carbon futures for rural entrepreneurs and economies.
• TPRMG operates solar-based off-grid generating plants with an energy storage system, supplying power to remote areas of the country.
• The company plans to roll out 10,000 Microgrids in the near future and has already installed more than 200 Microgrids, many of which are present in Uttar Pradesh and Bihar.

Statistics:

• 1,000 green energy enterprises will be launched across India under the initiative.
• 200 Microgrids have already been installed by TPRMG in Uttar Pradesh and Bihar.
• TPRMG plans to roll out 10,000 Microgrids in the near future.
• The pilot Microgrid program is being tried out in Odisha.

Sources:

• Small Industries Development Bank of India (SIDBI), press statement
• Tata Power, statement
• Contify.com, copyright 2022 IE Online Media Services Pvt. Ltd.