ANTICIPATED IMPACT
- MOBILIZE: US$ 7 Bn investment in clean energy
- ENABLE : Improved governance and bankability of clean energy projects
- PILOT: New and innovative business models, sustainable procurement frameworks
- DISSEMINATE : Knowledge and information on climate finance tools and instruments
KEY STAKEHOLDERS
- Indian Renewable Energy Development Agency (IREDA)
- NTPC-REL, World Bank, India
- Infrastructure Finance Company Ltd (IIFCL)
- Solar Energy Corporation of India (SECI)
- Niti Aayog
- Caspian Impact Investments
INTERVENTIONS
![A glass jar full of coins and leaves sprouting from; stacks of coins placed next to the jar](https://sarepenergy.net/wp-content/uploads/2022/06/mobilizing-finance_-investment.jpg)
ENABLING DECARBONIZATION
SAREP is working with organizations on their financing strategies to develop innovative solutions to fund their clean energy targets
![a professional pointing a finger towards symbols of multiple global currencies](https://sarepenergy.net/wp-content/uploads/2022/08/new-financing-instruments.jpg)
NEW FINANCING INSTRUMENTS
SAREP is identifying and encouraging novel financing instruments that help in optimum utilization of existing capital sources and expansion of the investor pool to spur growth of clean energy.
![shot of many corporate offices in an office complex](https://sarepenergy.net/wp-content/uploads/2022/08/corporate-offices.jpg)
MOBILIZING PRIVATE INVESTMENT THROUGH PPPS
SAREP is providing technical support to ensure that investments in clean energy (energy storage, green hydrogen), energy efficiency, transmission, and distribution are enhanced through PPPs
![Picture of a smart meter, dollar notes (denoting savings) and transmission towers (denoting smart grid)](https://sarepenergy.net/wp-content/uploads/2022/08/mobi.jpg)
MOBILIZING FINANCE FOR SMART METER PROGRAM
India aims to replace 250 million conventional meters with prepaid smart meters by 2025. SAREP will engage with development finance institutions to explore dedicated lines of credit on concessional terms for smart meters.
![shot of a person's hands operating a calculator](https://sarepenergy.net/wp-content/uploads/2022/08/best-value-procurement-2.jpg)
BEST-VALUE PROCUREMENT
SAREP interventions focus on encouraging adoption of leading practices worldwide in the area of best-value procurement, and review existing competitive-bidding frameworks in South Asia.
![Accounting Calculating Mathematic Economic Finance Working Conce](https://sarepenergy.net/wp-content/uploads/2022/12/best.jpg)
NOTE ON FRAMEWORK FOR SOVEREIGN GREEN BONDS
The Government of India (GOI) had announced its intention to issue maiden Green Bonds amounting to INR 160 Bn (USD 2 Bn) in Q4 of FY22-23.