New Energy Nexus
For U.S.-India Catalytic Solar Finance Program
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Amount$3,200,000
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Program
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Date Awarded8/1/2018
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Term120.0 Months
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Type of SupportProject
Overview
The government of India seeks to provide clean and reliable power while combating climate change, announcing a target of 40 gigawatts of rooftop solar energy by 2022. CalCEF Innovations supports this goal by helping to fund a loan facility for rooftop solar energy in India, demonstrating the financial feasibility to more investors.
About the Grantee
Grantee Website
www.newenergynexus.com
Grants to this Grantee
for the development of the Global EV Guarantee Facility
New Energy Nexus supports diverse entrepreneurs to drive innovation and build equity into the global clean energy economy. The organization plans to bring together a coalition of partners and funders to explore the possibility of creating an EV Guarantee Facility, a project that would provide credit enhancement to consumer financing for EVs. This project grant facilitates development of the concept. (Substrategy: Electrification)
for driving innovation for decarbonization with Chinese state-owned enterprises
New Energy Nexus (NEX) supports diverse entrepreneurs to drive innovation and build equity into the global clean energy economy. This grant will support NEX’s work to increase the capacity of Chinese companies to adopt a new energy innovation toolkit with technical, financial, and business solutions.(Substrategy: China National Policy)
