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US-India Clean Energy Finance initiative partners with PTC India Financial Services Limited to mobilize debt financing for distributed solar energy in India | |
admin | |
2019-04-09 | |
发布年 | 2019 |
语种 | 英语 |
国家 | 美国 |
领域 | 气候变化 |
正文(英文) | On Thursday, April 4, 2019, the U.S.-India Clean Energy Finance (USICEF) initiative, India’s first project preparation facility to scale up distributed solar power projects and drive long-term financing, signed on a new partner, PTC India Financial Services Limited (PFS). PFS is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), in New Delhi. USICEF is managed by Climate Policy Initiative (CPI) and was founded in 2017 in partnership with the Indian Ministry of New and Renewable Energy, OPIC, IREDA, and leading U.S. Foundations. USICEF supports early-stage projects to scale up, de-risk and become investment-ready. It leverages public and philanthropic funds to catalyze private investment into distributed clean energy in India. In just over two years, USICEF has identified 25 promising distributed solar power projects across more than 18 states in India and deployed a total of $3.5 million in grant-based funding to these projects. PFS has sanctioned and processed three distributed solar power projects with an aggregate debt amount of ₹242 crore, of which approximately ₹39 crore is outstanding in the books. The company is actively looking at new distributed solar power proposals being implemented by reputed developers under various schemes. As part of this search, PFS has partnered with USICEF to leverage these funds for the most promising, investment-ready distributed solar projects in India. “As one of the pioneers in the clean energy space, we have been actively exploring new opportunities in distributed solar,” said Dr. Pawan Singh, Managing Director & CEO, PFS. “The PFS family is delighted to be a part of the USICEF initiative, an innovative facility which presents us with an opportunity to finance and deploy high-impact development projects which can contribute in achieving India’s distributed energy target of 40 GW by 2022.” “Distributed solar energy is critical for India’s clean energy transition,” added Dr. Dhruba Purkayastha, USICEF Director at Climate Policy Initiative. “With PFS’s support, we hope to create an even bigger impact.” — About US-India Clean Energy Finance (USICEF) About PTC India Financial Services Limited (PFS) About Climate Policy Initiative (CPI) CONTACT: Nidhi Dahiya, (PTC India Financial Services Limited ) |
URL | 查看原文 |
来源平台 | Climate Policy Initiative |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/218453 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | admin. US-India Clean Energy Finance initiative partners with PTC India Financial Services Limited to mobilize debt financing for distributed solar energy in India. 2019. |
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