US-India Clean Energy Finance
CPI manages the US-India Clean Energy Finance (USICEF) initiative: India’s first project preparation and pipeline development facility to support promising distributed solar projects develop into viable investment opportunities and drive long-term debt financing.
USICEF is a keystone of the commitment made between the Indian and US governments to mobilize finance for Indian distributed clean energy projects.
Since 2017, USICEF has identified over 30 early-stage businesses across 20 states in India and has committed a total of $5.1 million in grant-based funding to these projects.
The initiative is led by Dhruba Purkayastha.
Featured work
Publication
Credit Support Pathways for Rooftop Solar Projects in India
The proposed Credit Guarantee Mechanism addresses the most important barriers to scaling rooftop solar in the MSME sector; and could be crucial if India wants to achieve its rooftop solar target by 2022.
Publication
Drivers and Challenges for Rooftop Solar Loans to Small and Medium Enterprises in India
A CAPEX model with a commercial loan for the off-taker is a potential solution for these categories of customers. In this report, we assess the viability of the CAPEX loan model with a focus on the MSME sector, identify barriers to uptake, and recommended policy solutions to these barriers.
Publication
Transitional Foreign Exchange Debt Platform
Analyzing all the pertinent constraints to the stakeholders in this case study we propose a solution that appears most feasible: A Transitional Foreign Exchange Debt Platform.
