Distributed Renewable Energy Programs in India

CPI manages the US-India Clean Energy Finance (USICEF) initiative: India’s first project preparation and pipeline development facility that catalyzes long-term debt financing to support promising distributed solar projects.

Since 2017, USICEF has identified and supported nearly 50 early-stage businesses across 20 states in India. These companies received USD 5 million in grant-based funding, which mobilized more than USD 285 million in debt to help scale these renewable energy start-ups into successful commercial enterprises, creating more than 670MW of new renewable energy capacity, along with an estimated 20,000 jobs.

Given the success of USICEF, CPI has initiated a new ICEF program to further catalyze financing for small and mid-scale distributed renewable energy generation and applications in India. Like its predecessor, ICEF will be managed as a private sector project preparatory facility with a returnable grant structure, aiming for a 40x debt mobilization rate based on the success of the original USICEF program.

Both these initiatives are led by Dhruba Purkayastha.



Dhruba Purkayastha

India Director

Vivek Sen

Associate Director

Kushagra Gautam


Angel Jacob

Senior Communications Consultant

Rob Kahn

Director, Global Communications

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