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About ICEF

India Clean Energy Finance (ICEF) is a project preparation facility managed by Climate Policy Initiative in India, building on the successful completion of US-India Clean Energy Finance Facility (USICEF).ICEF is a one-of-its-kind initiative to promote applications of distributed renewable energy (DRE) by supporting early-to-mid stage development of DRE projects and scaling up of DRE businesses. With funding support from MacArthur Foundation and Bloomberg Philanthropies, ICEF provides technical assistance that can help catalyse long-term debt financing and equity investments for DRE projects from banks, NBFCs, impact investors, and other international financial institutions.

How It Works

DRE project developers and enterprises can apply for an ICEF project preparation grant support through an application form.

The evaluation of the application is carried out by CPI and reviewed by an Advisory Committee.

After the approval of the applications, CPI engages ICEF’s network of empanelled financial advisors along with the awardee to provide the required project preparation support.

CPI will directly pay a service fee to the financial advisors as per milestones achieved.

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DRE project developers and enterprises can apply for an ICEF project preparation grant support through an application form.

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The evaluation of the application is carried out by CPI and reviewed by an Advisory Committee.

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