Call for
India Clean Energy Finance
Application Deadline:
18 August 2025
About Organisation
Climate Policy Initiative (CPI) is a globally recognized analysis and advisory organization that brings deep expertise in both finance and climate policy. With a mission to drive economic growth while effectively addressing climate change, CPI plays a critical role in aligning financial systems and government strategies with sustainability goals. The organization collaborates with governments, businesses, and financial institutions to design evidence-based policy solutions that promote low-carbon, climate-resilient development.
CPI envisions a future where economies are sustainable, resilient, and inclusive. It aims to empower decision-makers by providing them with high-quality analysis, innovative design, and impactful implementation support. Beyond just research, CPI actively facilitates dialogue and cooperation among stakeholders, encouraging shared solutions to complex climate challenges.
Through its initiatives and partnerships, CPI contributes to the global climate agenda by helping stakeholders understand the financial flows in climate investment and creating scalable models for sustainable development. The organization stands as a bridge between finance and climate action, ensuring that every dollar invested contributes meaningfully to both economic development and environmental sustainability.
About the Grant
India Clean Energy Finance (ICEF), an initiative of Climate Policy Initiative (CPI), offers catalytic support to distributed renewable energy (DRE) enterprises and projects aiming to accelerate commercialization and attract private investment. The program provides technical assistance and financial advisory support to help DRE entities unlock commercial capital and scale their impact.
In its first phase, ICEF successfully mobilized over 50 times the capital for each dollar invested in technical assistance. The grant focuses on a range of DRE segments including rooftop solar, e-mobility, EV charging powered by renewable energy, green hydrogen, mini-grids, solar-powered cooling, productive uses of renewable energy in agriculture (agrivoltaics), sustainable fuels, and energy-as-a-service models.
ICEF is not a direct capital grant but rather offers up to USD 150,000 worth of technical assistance in the form of financial advisory services. The goal is to support enterprises in becoming investment-ready and scaling sustainable energy solutions across India.
This initiative is aimed at closing the gap between innovation and commercialization in the renewable energy sector and building a robust pipeline of investable, climate-aligned enterprises in India. It is a crucial opportunity for businesses with commercially viable DRE solutions to receive expert guidance and connect with funding avenues.
Who can Apply?
ICEF welcomes applications from enterprises or project-specific Special Purpose Vehicles (SPVs) operating in the Distributed Renewable Energy (DRE) sector in India. Applicants must be private or public limited companies, registered in India, with an operational presence and no record of being blacklisted by any government or public agency.
A key eligibility requirement is a minimum of USD 300,000 in annual revenue as reported in the last financial year, either by the applicant or the sponsor entity in the case of a project SPV. The business model must rely on a DRE technology that has proven functionality and commercial viability, with a prototype tested in practical conditions.
Applicants must demonstrate a clear pathway to commercialization, supported by visible market demand. A strong leadership team with sectoral, business, and technical expertise, along with a proven record of execution, is essential.
Non-financial intermediary applicants should have a plan to raise at least USD 1 million within a year, while financial intermediaries must target a minimum fundraising of USD 2 million. All selected enterprises must be prepared to comply with monitoring, evaluation, and reporting protocols as outlined by ICEF.
This opportunity is geared toward scalable, impactful clean energy businesses seeking to bridge the funding gap.
How to Apply?
Applicants must submit a completed application form along with all required supporting documents to the official ICEF email. The selection process includes screening, due diligence, clarificatory discussions, and site visits. Shortlisted cases will be presented to an advisory committee, followed by contract finalization and milestone-based disbursement of technical support. Interested enterprises should ensure completeness of their application for consideration.
Application Deadline
All completed applications and supporting documents must be submitted no later than 18 August 2025. Late submissions will not be considered for this round of catalytic support.
Last Date to Apply
The final date to submit your application for the ICEF catalytic support grant is 18 August 2025. Ensure all required documents are included for timely consideration.
Grant Amount
ICEF offers up to USD 150,000 in technical assistance per selected enterprise. This support is provided through financial advisory services to enable commercialization and unlock private capital for DRE projects.
Last Date To Apply
For more information, please visit the grant website here.
