- Convergence builds upon the decentralised solar development experience in under-served rural communities in India
- Acharya has almost two decades of international experience in green finance, renewables, and carbon markets
Energy Efficiency Services Limited (EESL) has announced the appointment of Mahua Acharya to lead a new energy company, a 100 per cent owned subsidiary of EESL – Convergence Energy Services Limited (Convergence). It focuses on energy solutions that lie at the confluence of renewable energy, electric mobility and climate change.
Acharya said, “I have spent my career thus far straddling both international public sector and the private sector, and would now like to utilize my experience, skills and networks to enable large scale transformative impact in India. EESL is perfectly placed to enable the next generation of clean energy solutions and I am delighted to be working on this new venture with them.”
Battery powered electric mobility
Convergence builds upon the decentralised solar development experience in under-served rural communities in India. Over time, using battery energy storage, it will deliver renewable energy solutions to power agricultural pumps, street lighting, domestic lighting and cooking appliances in villages. Convergence will also work to enable battery powered electric mobility and its infrastructure and design business models to increase the uptake of electric vehicles in India.It will employ business models that utilise a blend of concessionary and commercial capital, carbon finance and grants as appropriate.
Acharya has almost two decades of international experience in green finance, renewables, and carbon markets. She was the assistant director-general of Global Green Growth Institute, an intergovernmental organization headquartered in Seoul with operations in 31 countries and has held roles with Mergers & Acquisitions at ArcelorMittal. Mahua was at the World Bank in her early career and has a Masters’ degree from Yale University.
Acharya said, “I have spent my career thus far straddling both international public sector and the private sector, and would now like to utilize my experience, skills and networks to enable large scale transformative impact in India. EESL is perfectly placed to enable the next generation of clean energy solutions and I am delighted to be working on this new venture with them.”
