The Energy Efficiency Alliance for Industry partnership plans to increase industrial efficiency in India through the accelerated adopted of more efficient motors in sectors including steel, automotive, textile, chemical and food processing.
P4G has invested US 1,000,000 in this partnership.
E2 Alliance has the potential to catalyze the procurement of 50,000 energy efficient motors and unlock about US $35 million in private sector investment. Over the long term, this will unlock the market for an estimated 15 million motors in India, reducing greenhouse gas emission by 57 million metric tons – the equivalent of taking 12 million cars off the road annually. These actions directly support India’s ambitious renewable energy goals and commitment to reduce its emissions intensity by at least one-third compared to 2005 levels.