New Energy Nexus

For U.S.-India Catalytic Solar Finance Program

  • Amount
    $3,200,000
  • Program
  • Date Awarded
    7/31/2018
  • Term
    120 Months
  • Type of Support
    Project
Strategies
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
Address
436 14th Street, Suite 1220
Oakland, CA 94612
Grants to this Grantee
for climate fintech program  
New Energy Nexus seeks to capitalize on the current momentum toward rebuilding a greener economy post-COVID-19 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 the 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)

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