Wednesday, November 18, 2015

India: Invite for Proposals to Develop Renewable Energy

India Innovation Lab to call for funding ideas (The Hindu Business Line)

The submission process will officially open on 23 November 2015 and close in January.

The India Innovation Lab for Green Finance is a public-private initiative to seek out and help implement novel solutions for unlocking and scaling up investment for green infrastructure in India. By addressing investors’ needs, it aims to drive new private investment for clean growth.

The India Innovation Lab for Green Finance seeks proposals to identify financial instruments that have potential to manage investment barriers and scale up attractive capital for green infrastructure in India. The submission process will officially open here on 23 November 2015 and close in January. Up to four winners will be announced in February, and will receive advice and endorsement from Lab Members to develop and implement the ideas over the course of the next year

Ideas should address investors’ needs, in order to unlock more private investment for green infrastructure, including for large-scale renewables, distributed renewables including off-grid electricity, energy efficiency, urbanization, and others. Examples might be credit enhancement of renewable energy projects to attract institutional investors, or tools to reduce the cost of currency hedging to attract more foreign investment.

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