EverSource invests in as-generated renewable projects and more advance structured energy products through providing capital for development platforms, projects or operating assets with significant flexibility in structure of investment. Renewable technologies of interest include solar, wind, hydro, biomass, geothermal and other forms of green infrastructure. Our Contracted Power theme will also include investment into distributed generation assets, supporting localized power generation and other low-cost technologies to produce and more efficiently consume electricity close to the point of consumption.
Distribution business models are continuously evolving from traditional centralised and state-owned models to new privatised core and distributed grid models that cut costs and improve transmission and distribution efficiencies. In parallel, for India, the off-grid and de-centralised renewable energy markets in-particular will develop quickly with an estimated 70-75 million homes remaining off-grid for the medium term.
EverSource invests growth capital across a range of emerging energy generation markets including new revenue models and incentives instead of traditional cost-of-service models. These include electricity storage, energy savings contracts, water pumping, electrical vehicle infrastructure, lower-carbon integrated products, sustainable waste management, sustainable tourism and other markets. EverSource has the flexibility to pursue commercialisation of proven technologies in other markets, adapting contract models to the Indian market behind proven management teams.
A major enabler of green infrastructure in India will be the growth, maturing and evolution of the services sector, including construction, asset lifecycle services and asset life extension capabilities. EverSource invests in enabling service companies that can grow quickly into a differentiated market position, servicing EverSource’s own assets and third-party infrastructure.