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SELCO has electrified, via solar, more than 150,000 households (more than half a million people)
30 branches and 200+ employees
90% of the systems are financed (mainly by banks, also co-operatives, MFIs, etc.) SELCO philosophy
Solar energy system should be treated as an asset that is bankable This implies high quality, long life and warranties that match typical loan tenures Service is as important as sales
6 liters (Rs. 14 per liter + Rs. 60 per liter) Rs. 8000 @ 12% for 5 yrs
SELCO-India in a snapshot
SELCO India
SELCO Incubation Center (2012) -8 Incubatees in 2012 - North and North Eastern States
SELCO Solar Private Limited (1995) - 32 branches - 3 states - 200+ employees - Partnerships with Financial institutions
SELCO Foundation (2010) Experimenting with technology, financing and community models
Operations
Mission
Projects
Rural Home
Cons
Require maintenance (distilled water top up every 4 months) Low energy density, bulky and heavy Transported in wet condition, since local handling of dry batteries not possible in remote locations
Many transporters wont take these
Cons
Poor cycle life, failures start from 6 months onwards Warranty is from 6 months to 1 year Use and throw
Cons
Works only for small loads like study lamp Cost is relatively high
Summary
Our target communities need upgraded energy storage technology! Fixed home lighting systems:
Spill proof, yet highly reliable batteries
Portable systems:
Lightweight, high cycle life batteries Small cost increase can be afforded, but not a massive one
Thank You