India PURE Finance Facility (IPFF)
The India PURE Finance Facility (IPFF) is an innovative approach to expand the productive use of renewable energy (PURE) in rural and semi-urban areas. Its focus goes beyond the transition from fossil fuels, emphasizing projects that bring additional benefits such as creating livelihood opportunities, promoting gender equity, and fostering social and economic growth.
IPFF’s primary goal is to accelerate PURE adoption in low-income communities and rural areas. It achieves this by establishing and funding a robust network of technical advisory services. This network helps existing and emerging PURE enterprises secure long-term financing from domestic and international financial institutions. Committed funds from the IKEA Foundation support project preparation for selected PURE initiatives.
IPFF Key Objectives:
- Expand the number of PURE businesses. Leverage committed funds to accelerate PURE business and project development, benefiting disadvantaged communities in India and contributing to the country’s renewable energy and energy access goals.
- Maximize their investment potential. Significantly increase the number of projects and enterprises that are investment-ready for financing from both domestic and international sources.