US India Clean Energy Finance (USICEF)
Climate Policy Initiative
A consortium of US foundations in conjunction with the Overseas Private Investment Corporation (OPIC) and the Government of India (GOI) launched the US-India Clean Energy Finance Initiative (USICEF) to increase clean energy access in India by catalysing investment in distributed renewable energy projects.
USICEF focuses on the decentralized renewable energy (DRE) space, particularly the mini-grid, distributed rooftop and off-grid solar projects, as well as smaller-scale grid connected solar projects. The facility supports technical, financial, legal and other advisory services, by means of grants, required by the DRE companies to become attractive for debt investment.
USICEF has created a pool of ready-to-scale companies to catalyze long-term debt financing from financial institutions in distributed renewable energy projects.