US India investments to boost India's off grid RE plans
ECONOMY & POLICY

US India investments to boost India's off grid RE plans

The White House and the Government of India are expected to create two innovative new initiatives aimed at catalysing private investment into India's fast growing solar markets that will enhance access for Indian citizens. The US-India Clean Energy Finance (ICEF) initiative will raise and deploy up to $20 mn in project preparation support, to be sourced equally from US foundations and the Government of India, to solar power projects under consideration for financial support from the Overseas Private Investment Corporation (OPIC). It is anticipated that this funding will leverage an estimated $400 mn in investment from OPIC and other investors for projects deploying distributed solar for grid tied communities, off-grid communities, and those served by mini-grids to benefit poor communities.
Contact: Government of India.
Website: www.india.gov.in

The White House and the Government of India are expected to create two innovative new initiatives aimed at catalysing private investment into India's fast growing solar markets that will enhance access for Indian citizens. The US-India Clean Energy Finance (ICEF) initiative will raise and deploy up to $20 mn in project preparation support, to be sourced equally from US foundations and the Government of India, to solar power projects under consideration for financial support from the Overseas Private Investment Corporation (OPIC). It is anticipated that this funding will leverage an estimated $400 mn in investment from OPIC and other investors for projects deploying distributed solar for grid tied communities, off-grid communities, and those served by mini-grids to benefit poor communities. Contact: Government of India. Website: www.india.gov.in

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