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 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
Address
436 14th Street, Suite 1220, Oakland, CA, 94612, United States
Grants to this Grantee
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)
for expanding climate finance work
Through a global network, New Energy Nexus launches and accelerates a portfolio of climate innovations from diverse entrepreneurs to solve climate change and create more equitable outcomes for all people. New Energy Nexus will implement pilot demonstration projects in the Chinese marketplace that drive a shift of financial flows from dirty to clean energy to accelerate and scale climate solutions. (Substrategy: Climate Finance)
for climate fintech program
New Energy Nexus seeks to capitalize on the current momentum toward rebuilding a greener economy post-COVID by leveraging their research and network to build a global climate fintech accelerator. This will be designed to foster financial technologies that catalyze decarbonization; integrate these innovations into global financial marketplaces and institutions; facilitate multi-regional stakeholder dialogue; and eventually launch accelerator hubs in China, Europe, and the United States. This grant helps New Energy Nexus take the first steps in this vision, establishing a first regional hub, securing corporate participation, and launching the climate fintech accelerator program. (Substrategy: Climate Finance)
