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 and the barriers they face; second, explore policy solutions to these barriers; and third, develop financial instrument solutions to these barriers. 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.
- 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.
What's New In India
The Lalit Hotel, New Delhi, April 6, 2017
Climate Policy Initiative (CPI) Consultant Charith Konda presented the key findings of the report, Decarbonization of Indian Railways: Assessing Balancing ...
April 5, 2017
Complete decarbonization of the electricity demand of Indian Railways (IR) – transitioning from the current, largely fossil-fuel based energy mix to clean energy like solar and wind power – is likely to have multiple benefits. These include support in achieving India’s clean energy targets, enhancing India’s energy security, and reducing IR’s operational costs.
February 24, 2017
New Delhi – The India Innovation Lab for Green Finance has selected three new ideas for green finance instruments to move ...
December 21, 2016
India has ambitious renewable energy targets of 175GW by 2022. In order to meet this target, the renewable energy sector in India will require $189 billion in additional investment, including $57 billion in equity, and $132 billion in debt. The potential amount of investment in the renewable energy sector in India is more than double the investment required. However, the amount of investment expected falls short of the investment required, by 29% for equity and 27% for debt. Institutional investors show significant potential to help fill this financing gap.
OPIC, the Government of India and Leading Foundations Announce New U.S.-India Clean Energy Finance Initiative
December 16, 2016
Delhi, India, 16 December 2016—Today, during a signing ceremony at the Taj Mahal Hotel in Delhi, the U.S....