Through its initiative, the US-based foundation currently has 94 fully operational plants that are serving about 30,000 people.
"Beyond our goal of electrifying 1,000 villages, we are working with government to develop central and state policies that support the growth of the mini-grid sector, providing financing and engaging other investors to encourage their participation," the Rockefeller Foundation (Asia) MD Ashvin Dayal said.
Currently, over 3,500 small businesses, 150 telecom towers and over 31,000 people are powered by mini grids under the Foundation's Smart Power for Rural Development initiative.
He also said there has been a rapid change in the policy and regulatory environment in India to support the deployment of renewable energy based mini grids.
The drafting of a dedicated National Mini-grid Policy, state-level policy by UP along with keenness by Bihar, Madhya Pradesh and Odisha to introduce measures for such deployment reflects India's intent to bridge the current policy gaps and create an enabling environment for entrepreneurs and investors, Dayal said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
