Deadline:12 August 2016
The Governments of the Republic of India and the United States of America are currently inviting applicants for its PACEsetter Fund with an aim to improve the viability of off grid renewable energy businesses that sell small scale (under 1 megawatt) clean energy systems to individuals and communities without access to grid connected power or with limited or intermittent access of less than 8 hours per day.
The mission of the PACEsetter Fund is to accelerate the commercialization of innovative off-grid clean energy solutions by providing the early-stage grant funding that would allow businesses to develop and test innovative products, systems, and business models.
Priority Areas
- Innovation: The PACEsetter Fund prioritizes innovative technologies, business models, and programs.
- Early-stage funding: The PACEsetter Fund is focused on accelerating the commercialization of innovative off-grid clean energy solutions by providing early-stage grant funding that allow for the development and testing of innovative solutions.
Funding Information
Up to $2 million will be made available for this round, with grant sizes ranging from $50,000 to $300,000.
Eligibility Criteria
- To be eligible, projects must be focused on improving the viability of off grid renewable energy businesses and organizations, under served individuals and communities in India without access to grid connected power or with limited or intermittent access less than 8 hours per day using small scale (under 1 megawatt) clean energy systems.
- The Fund will award grants for direct support of innovative technology, business models, and programs including but not limited to: rural energy services companies (full scale integrated operators); rural distribution companies/franchisees; operations/maintenance companies; technology implementers/ system integrators; and enterprises.
- The Fund will also consider awarding grants for product development, studies, research, capacity building and technical assistance, as long as this support will provide significant support to the companies and organizations that provide small scale (under 1 MW) clean energy systems to individuals and communities with no or limited access to grid connected power.
- Projects on general public awareness, stand-alone seminars and workshops, research and development projects without a clear path towards implementation, will not be considered for funding through the PACEsetter Fund.
How to Apply
Applicants must download the Expressions of Interest (EOIs) via given website.
For more information, please visit PACEsetter Fund.