A New Type of Development Company for Energy Transition at Scale
A Market Maker for Expediting the Energy Transition at Scale
1. INTENT will act as a market-maker that aggregates demand and transforms it into compelling investment opportunities by bringing together intellectual capital, governments and investors to help finance the energy transition at scale.
2. Projects developed by the INTENT platform will emphasize circularity and inclusivity to enable a sustainable and just transition to a low carbon economy. Through this integrated approach, INTENT aims to catalyze significant investment capital towards a cleaner, greener and more inclusive future in support of the sustainable development goals.
3. INTENT will also manage an international knowledge exchange program focused on electric mobility, targeting the global South and building off the experience of India’s own electric mobility journey.
Why we have been Established
India’s Energy Transition is Underway
India is striding rapidly towards grid, industrial and transport decarbonization which together make up 90% of current emissions. A transition to clean energy presents a massive economic opportunity for the country to become a global leader. Pioneering a new model of economic development avoiding carbon intensive approaches can provide a blueprint for other developing economies.
Quantum of Capital Needed
The energy transition in India is expected to cost USD 260 billion dollars annually till 2030. However, only USD 45 billion climate financing has been flowing per year, a fraction of the investment required to achieve its climate objectives.
Given the sheer scale of financing required for achieving decarbonization, INTENT has been established to achieve scale and impact at the same time. INTENT will develop projects with industry, financial institutions, governments, policy makers and thinktanks to mitigate risks and create bankable and investment ready project for deploying capital at scale.
Why Scale?
To achieve climate targets India needs transition at scale. We believe in designing projects for scale instead of scalable projects to achieve better economics and high-level impacts.
Why Speed?
The impacts of climate change are accelerating and Indian needs to accelerate climate action to meet goals committed at Paris/Glasgow COP.
Why Electric?
Road Transport sector accounts for 12% of India’s energy related emissions and is a key source of air pollution. Electric vehicles offer the opportunity for emission savings with a proven technology.
Impact Targets
Reduce 2.5 million tons of CO₂ equivalent over 5 years
Equivalent to almost 50x Delhi
Enable 3.5GW of green energy through distributed solar power
Instant power equivalent to 2.4 million homes
Generate 200,000 direct jobs; aimed at women and inclusivity
Deliberate effort at diversity and inclusion
Re-use 85% of the material through battery storage systems
Sufficient to power 15,000 buses
Our Approach: From theory to execution
We take forward the work of market researchers/thinktanks and Government policies, working with stakeholders converting them to bankable opportunities ready for investment.
We aggregate demand from the market reducing costs through economies of scale, standardizing contracts, engineer financing and integrating the needs of consumers and investors through a collaborative approach. We work closely with industry through commercial partnerships and collaborations, investment houses, corporate entities and the Government to build projects to bankability.
Our Partners
INTENT is already working with a diverse set of partners to develop and support decarbonization projects. Our work is supported by eminent organizations and institutions.
How are we different
- “Project up”, not “money down”. We develop projects with the concerned players.
- At scale, rather than “scalable”.
- We combine commercial skills with public policy benefits.
