EESL is driving a large scale transformation to retrofit commercial buildings in India into energy efficient complexes. Through these future ready solutions, we are creating a market for clean energy in India. The commercial building sector consumes about 8% of India’s total generated electricity, and is growing at 11%–12% annually. To enhance the energy efficiency of this sector, we are undertaking implementation of the Buildings Energy Efficiency Programme, which was launched in May 2017 by the Indian Government.
Under the programme, we will bring investment of around INR 1000 crore (USD 154 million) covering more than 10,000 large government/private buildings by 2020. We will retrofit around one crore LED lights, 150 mn energy efficient ceiling fans, and 15 mn energy efficient ACs in these buildings. Further, we will expand our services to offer centralized AC system, Energy Audits, and New Generation Energy Management System in buildings.
We are already engaged with state governments, banks, industry to retrofit and consult on making their buildings more efficient.
With our unique business models – ESCO model, which enables the consumer to make zero upfront investment and the Project Management Consultancy model, where we support implementation – we enable the consumer to adopt such projects without hassle.
Additionally, we have initiated a BEE Star rating programme for commercial buildings. The rating programme provides recognition to efficient buildings, creating an appeal for energy efficiency.