India

INDIA

India has ambitious renewable energy targets to meet growing energy demand. However, CPI analysis shows that the cost of debt in India increases the cost of renewable energy by as much as a third relative to the U.S. and Europe and is a significant challenge to these targets.

 

Our Focus

Climate Policy Initiative’s team in India works to increase investment to India’s renewable energy and green growth targets through a three-pillar approach: first, understand potential investors in renewable energy and the barriers they face; second, explore policy solutions to these barriers; and third, develop actionable financial instruments and implementation pathways. We work with the Ministry of New and Renewable Energy, the Ministry of Finance, and other policymakers to help advance India towards its clean development goals. The team is led by CPI Director Dr. Gireesh Shrimali.

Key Projects

  • The India Innovation Lab for Green Finance is a public-private initiative, led by CPI, to seek out and help implement novel solutions for unlocking and scaling up investment for green infrastructure in India. By addressing investors’ needs, it aims to drive new private investment for clean growth.
  • The US-India Clean Energy Finance (USICEF) initiative aims to drive access to energy in underserved regions of India, by supporting early stage development of distributed solar power projects. A partnership between the Indian Ministry of New and Renewable Energy, the Overseas Private Investment Corporation (OPIC), and a consortium of US foundations, USICEF provides project preparation support that will catalyze long-term debt financing for distributed solar power from OPIC and other international financial institutions. CPI serves as the Program Manager.
  • Institutional investors, both international and domestic, are the most promising investor class to help fill the investment gap between the amount of investment expected vs. required to meet India’s 2022 renewable energy targets. CPI analyzed their potential in detail, as well as barriers and recommended solutions to drive more institutional investment.

 

Partner Institutions

Logo for the Indian School of BusinessICRIER LOGO_Page_2

Registration

CPI’s India program is registered with the name, “Climate Policy Foundation” under Section 8 of the Companies Act, 2013.

What's New In India

PUBLICATION

The Lab: 2017-2018 Cycle Instrument Analysis

October 12, 2018

The Lab aims to drive billions of dollars of private investment to the low-carbon economy, by identifying, developing, and supporting transformative sustainable finance ideas. Founded in 2014, the Lab incubates a small number of initiatives each year. Past instruments have mobilized US$ 1.28 million to-date.

Read More

PUBLICATION

Credit Support Pathways for Rooftop Solar Projects in India

October 8, 2018

India, under the Intended Nationally Determined Contribution (INDC), has set an ambitious target to achieve installed capacity of 175GW of renewable energy by 2022, including 100GW of solar power. Of that, the government aims for 60 GW to be utility-scale solar, and the rest to be rooftop solar. Though India has made significant progress ...

Read More

EVENT

CPI at the 2nd Global RE-INVEST

Greater Noida, India, October 3, 2018

Climate Policy Initiative experts will host and present at several sessions at the 2nd Global RE-INVEST in Greater Noida, October ...

Read More

EVENT

Asia Energy Security and Transition Cooperation Forum (AESTCF)

Beijing, China , September 13, 2018

Saurabh Trivedi, CPI India's Senior Analyst was one of the panelists at the session on 'Energy Production and New Technologies' ...

Read More

PRESS RELEASE

Tata Cleantech Capital Limited joins the US-India Clean Energy Finance initiative to drive debt financing for clean energy access in underserved communities in India

August 24, 2018

The U.S.-India Clean Energy Finance (USICEF) initiative has signed on a new partner, Tata Cleantech Capital Limited (TCCL), ...

Read More