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.


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Dhruba Purkayastha

India Director

Angel Jacob

Senior Communications Associate

Vivek Sen

Associate Director

Kushagra Gautam


Rob Kahn

Director, Global Communications

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