Convergence business models essentially operate closer to consumption thereby improving efficiencies in distribution of energy to last mile users. Demand-side energy efficiency schemes of national and state governments have been identified and partnerships created for distribution generation at scale. The Chief Minister Solar Agriculture Feeder Scheme of Maharashtra and the Solar-water pump based PM-KUSUM program (Pradhan Mantri Kisan Energy Security and Upliftment Maha Abhiyan) are key policies being implemented by Convergence.
CESL develops a portfolio of decentralized solar projects. Electricity Sale from Solar to DisCom at a tariff of lesser than Average cost of power supply (ACoS), range of which across states is generally between INR 4-7/kWh. The projects are aligned with central governmnt's vision for 175GW RE power and targets of Ministry of New and Renewable Energy. States policies for enhancing agricultural irrigation system are also utilized and DISCOMs benefit by meeting their Renewable Purchase Obligation (RPO). In addition, the projects leed to environmental benefits and create local employment opportunities.
Implementation status can be viewed in the Project Tracker.
CESL and its parent company EESL are amongst the first movers in the e-mobility segment, aggregating demand for electric buses, 2-wheelers, 3-wheelers as well as electric cars for governmnet offices. CESL also operates amongst the largest EV charging networks enabled by a digital backbone that provides critical information through an easy to use app. This made CESL/EESL the prime candidate for scaling up other e-mobility segments such as electric 2 wheelers, electric 3 wheelers and buses.
In June 2021, CESL was nominated as the nodal agency for Government of India's Faster Adoption and Manufacturing of Hybrid and EV (FAME) Scheme led by the Ministry of Heavy Industry, with the mandate to:
Solar power charged swappable batteries for 2 and 3 wheelers is being explored to create markets where electric vehicles can be sold without batteries.
Gram UJALA is a flagship program of CESL, launched by the Hon’ble Minister of Power, New and Renewable Energy in Bihar and Uttar Pradesh in March 2021. Energy efficient 7 watt and 13 watt LED bulbs are being distributed at nominal service fee of INR 10 to replace incandescent bulbs of 60W and 100W in rural areas. Convergence is leveraging the international carbon markets to discount the energy saving appliances, making them affordable for rural consumers. On National Energy Conservation Day in December 2021, CESL distributed a million bulbs in a single day. Ten million or one crore bulbs are targeted to be distributed within one year. Read more about Project Crore.
The program is financed through carbon credits and will be the first such program at national level. The scheme is scaling the UNFCCC registered SHINE program and emissions reductions emerging from this program will be traded in the carbon markets. The funds raised through this are passed on to the users thereby making the otherwise INR60 per LED bulb affordable. With an overall target of distributing 300 million LED bulbs, the total energy savings of 40,743 million kWh/year, avoiding peak demand of 22,743MW/year and CO2 reductions of 37 million tons per year is expected.
Convergence has tied up with C-Quest Capital to support in carbon credit trading. The following will be undertaken by the partner:
CESL is managing the master database of customers and finding the registration process for Verra/CDM/UNFCCC.