US-India Clean Energy Finance (USICEF) aims to drive access to energy in underserved regions of India, by supporting early stage development of distributed solar power projects. A partnership between the Indian Ministry of New and Renewable Energy, the Overseas Private Investment Corporation (OPIC), and a consortium of foundations, USICEF provides project preparation support that will catalyze long-term debt financing for distributed solar power from OPIC and other international financial institutions. Climate Policy Initiative serves as the Program Manager.

How it Works

The Project Developer applies for a USICEF grant for project preparation support.

The application is evaluated by
CPI, as the Program Manager,
and the Advisory Committee.

Upon application approval, the Program Manager engages USICEF’s network of empaneled Service Providers to provide the relevant project support.

Grant money is transferred to the Service Provider upon successful delivery of services.

Project Developers receive project development support and become eligible for long-term financing from OPIC and other institutions.

Who Should Apply?


Project Developers in distributed solar power who could benefit from project preparation services for early stage project development, including, but not limited to:

  • Feasibility studies
  • Market sizing and demand estimation studies
  • Product development and testing
  • Legal support for due diligence
  • Environmental and social impact assessments

Why Apply?


Accelerate the development of distributed solar power projects with USICEF support.


Gain access to a wide portfolio of essential project preparation services.


Become investment-ready for longer-term financing from OPIC and other international financial institutions.