The Indian and US governments have launched a $ 20 m fund aimed at financing renewable - energy projects in India . The US-India Clean Energy Finance (USICEF) scheme has received funding from multiple foundations as well as the indian government, while the Climate Policy Initiative (CPI) in Delhi has been selected as its secretariat. Multiple foundations have paid into the US - India Clean Energy Finance ( USICEF ) scheme , which is to be managed by the Climate Policy Initiative ( CPI ) in Delhi , including the US ’s Overseas Private Investment Corporation ( OPIC ) . USICEF will support small green energy projects with seed capital , and work with OPIC to secure further funding as they grow . A similar project organised by the US and African governments aims to catalyse $ 1bn in project investment .
The Indian and US governments have launched a $ 20 m fund aimed at financing renewable - energy projects in India . Multiple foundations have paid into the US - India Clean Energy Finance ( USICEF ) scheme , which is to be managed by the Climate Policy Initiative ( CPI ) in Delhi , including the US ’s Overseas Private Investment Corporation ( OPIC ) . USICEF will support small green energy projects with seed capital , and work with OPIC to secure further funding as they grow . A similar project organised by the US and African governments aims to catalyse $ 1bn in project investment .