India

In India, CPI focuses on developing innovative finance and policy solutions in support of the renewable energy and green growth plans of the Government of India. We work with a host of partners including the Ministry of New and Renewable Energy and Indian Renewable Energy Development Agency through the management of a USD 10 million engagement for decentralized solar, and more recently with Encourage Capital and KfW on the build-up of financial intermediaries. 

The team expertise lies in renewable energy, electric mobility, forestry, fiscal instrument design, and the financial sector at large. 

The team is led by CPI’s Asia Director, Mahua Acharya.

Latest work

Blog

Towards a greener tomorrow: India needs climate budget tagging

Climate budget tagging will help identify, classify, and weigh climate-relevant spending, thereby enabling the estimation, monitoring, and tracking of such expenditures

Publication

GROVE: Forestry Smart Ledger

GROVE: FSL crowdfunds capital for smallscale forestry projects, reduces monitoring costs through remote sensing and machine learning, and increases financial transparency and local community earnings through blockchain-backed smart contracts.

Publication

Developing a roadmap to a flexible, low‐carbon Indian electricity system

Blog

The road to sustained recovery in India starts with a definition of green finance

A roadmap for a comprehensive green finance strategy in India to help ensure a sustainable recovery.

Blog

Powering reforms: Transforming India’s power sector through GARUDA

Retiring old, inefficient coal-based power plants by bundling them with new, cheap renewable energy plants would bring multiple transformational benefits to the power sector, improve the PLF and efficiency of old thermal plants.

Publication

Accelerating Green Finance in India: Definitions and Beyond

There is a growing need to sensitize India’s financial sector about the importance and benefits of Green Finance, and ways to accelerate green capital flows in India.

Blog

India’s lightbulb moment: Not using this crisis for meaningful energy sector reform would be a waste

The trend of low power demand, now furthered in the post-COVID economy, and increased RE generation, will continue to put a ceiling on the PLF of the thermal fleet.

Publication

The Lab: 2018-2019 Cycle Instrument Analysis

Lab members voted to endorse all six financial mechanisms and enterprises in the Lab’s 2019 class in a side event to the UN Climate Action Summit, officially launching them for operation, and offering inputs for their implementation pathways.

Team

Mahua Acharya

Asia Director

Dhruba Purkayastha

Director, US-India Clean Energy Finance

Angel Jacob

Communications Associate

Arun Kumar Jain

Senior Finance Officer

Divjot Singh

Senior Analyst

Himanshu Baghel

Senior Analyst, Energy Finance

Jolly Sinha

Analyst

Kushagra Gautam

Senior Analyst

Labanya Prakash Jena

Manager

Neha Sharma

Operations Manager

Sagar Srijan Joshi

Senior Analyst

Shabdita Bajpai

Finance Associate

Shreyans Jain

Analyst

Vijay Nirmal Gavarraju

Project Manager, US-India Clean Energy Finance
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