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.
Featured work
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 needs a bailout - Can we make it green?
A long-term stimulus to tackle the crisis should have incentives for the kind of economy we want – green, clean, inclusive, and efficient.
Publication
An Assessment of India's Energy Choices
A four-report series that looks at the future of renewable energy in India along different economic dimensions, including the social costs, macroeconomic impacts, environmental impacts, financial risk, and flexibility considerations.
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Latest work
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.
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
Developing a roadmap to a flexible, low-carbon Indian electricity system
Without policy intervention and new market design, India’s clean electricity future may struggle to achieve its potential.
Publication
Alternative Investment Funds as a Potential Pathway for Refinancing Clean Energy Debt in India
Alternative Investment Funds offer the best near and medium-term path to expanding renewable energy access to capital markets.
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
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
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.
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.
