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Access to Clean Energy (ACE) Fund for Off-grid Energy India
The proposal outlines a 25-year program to address financing gaps for off-grid energy (OGE) companies in India. It seeks US$31 million from the Green Climate Fund (GCF) to create a first-loss capital pool and provide technical assistance, complementing a US$100 million revolving credit line anchored by the Indian Renewable Energy Development Agency (IREDA). The facility aims to reduce the high perceived risk of OGE lending, lower interest rates for companies, and replace kerosene use with clean energy in underserved rural and urban areas.
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Document type: Report
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