Financing clean energy innovation: case for an Indian business demonstration facility

This feasibility study presents the structure and legal framework of a business design facility (the Facility) for clean energy projects in India. It addresses the urgent need for increasing the flow and affordability of private capital into clean energy markets in emerging economies. For this study, the CEEW Centre for Energy Finance evaluated 32 existing initiatives that foster an environment that can help clean energy innovation projects to reach commercial scale. The facility design proposed in this study focuses on piloting and commercialising technical innovations in renewable energy (RE), energy efficiency, electric vehicles and grid dispatch. In addition, this study explores the various legal structures allowed under the Indian regulations and provides an overview of the governance involved to leverage financing clean energy innovations.