Applications Invited for India Clean Energy Finance (ICEF) Grant

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About the Organization

CPI is an analysis and advisory organization with deep expertise in finance and policy. Our mission is to help governments, businesses, and financial institutions drive economic growth while addressing climate change. Our vision is to build a sustainable, resilient, and inclusive global economy.

About the Grant

India Clean Energy Finance (ICEF) invites applications from enterprises and projects in distributed renewable energy (DRE) for its next round of catalytic grant support to accelerate commercialization and mobilize commercial capital.

The first phase of ICEF successfully has mobilized more than 50X capital for each dollar spent in technical assistance to enterprises supported under the program. ICEF is designed to accelerate the adoption of established and nascent DRE technologies by unlocking commercial capital for DRE-based enterprises and projects, and DRE-focused financial intermediaries. The segments in focus are, inter alia, solar rooftop solutions, e-mobility/ solar-powered EV charging, RE-powered cooling solutions, agrivoltaics, productive mini-grids, alternative sustainable fuels, distributed green hydrogen (associated renewable energy facility), energy solutions and energy-as-a-service.

The facility, supported by Bloomberg Philanthropies, will extend financial advisory support to selected applicants to help them mobilize capital.

Grant Size

ICEF will provide technical assistance grants of up to USD 150,000 to selected enterprises to enable them to use financial advisory services.

Eligibility

ICEF is seeking enterprises that meet the following eligibility criteria:

• The applicant must be an entity limited by shares, such as a private or public limited company
• The applicant or, in the case of a project SPV, its sponsor must be a legally registered entity with an operational presence in India and should not be blacklisted by any government or public sector agency.
• The applicant or, in the case of a project SPV, its sponsor should have at least USD 300,000 in the last reported annual revenue.
• The technology underpinning the applicant’s business model should have clear market potential and commercial viability and should have a functional prototype tested in a relevant practical environment.
• The applicant should have a clear commercialization pathway with visible market demand.
• The applicant or, in the case of a project SPV, its sponsor should have a competent leadership team with relevant technical, business, and sectoral expertise and a track record of execution in their respective domains.
• Applicants other than financial intermediaries should have a fundraising plan of at least USD 1 million or above within a year. A DRE-focused financial intermediary as an applicant should have a fundraising plan of at least USD 2 million within a year.
• The applicant must be willing to comply with facility monitoring, evaluation, and reporting requirements.

How to Apply

The application form, including the list of documents to be submitted along with it, is appended. A completed application, along with all supporting documents, should be submitted to icef@cpiglobal.org by 14th April 2025.

Application Submission Deadline: 14 April 2025

For more information please check the Link

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Tags Environment and Sustainability Innovations and Technology Others