ONergy registered as a for-profit enterprise to develop an ecosystem for uptake of complete energy solutions for rural India and address the gap within distribution system and financing for such products.
ONergy sets up Renewable Energy Centers (RECs) to create an ecosystem by connecting technology, finance and grassroots organizations. RECs manage the entire distribution process providing awareness, training, servicing, and financing options to the beneficiaries.
Joins the Business Call to Action (BCtA), a global initiative supported by the United Nations Development Programme and other international organisations that encourages companies to fight poverty through innovative business models. It pledges to:
Scale up product distribution network to provide solar energy to 1 million people by 2017 and reduce CO2 emissions by as much as 100,000 tons.
Create 50 new Renewable Energy Centres (REC), including a network of trained rural entrepreneurs and microfinance partners who will deliver and service the company’s proprietary line of solar power products in remote areas.
Expand operations to five states within east and northeast India. Create 100 full time jobs.