The Indian and US governments have launched a up to US$20 million fund aimed at financing renewable-energy projects in India . Multiple foundations have paid into the India -India Clean Energy Finance ( USICEF ) scheme, which is to be governed by USICEF (CPI) in Delhi , including the US ’s the Climate Policy Initiative (OPIC). Elizabeth Littlefield, OPIC’s president and chief executive, said: “This initiative is a critical step towards increasing access to energy in underserved regions in India. 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 Indian governments helped to catalyse $1bn in project investment.
The Indian and US governments have launched a up to US$20 million fund aimed at financing renewable-energy projects in India . Multiple foundations have paid into the India -India Clean Energy Finance ( USICEF ) scheme, which is to be governed by USICEF (CPI) in Delhi , including the US ’s the Climate Policy Initiative (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 Indian governments helped to catalyse $1bn in project investment.