Clean Energy | September 19, 2018

California Clean Energy Fund invests in Indian solar through cKers Finance

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

The California Clean Energy Fund has made a $3 million commitment to Delhi-based cKers through its Sustainable Energy Bond.

India is trying to build 40-gigawatts of solar power by 2022. cKers, which launched last year, offers financing for small, decentralized renewable power projects in India.

Capital raised through the bond will be used to support both residential and commercial pay-as-you-go solar, micro- and mini-grids, and new energy service company models. The additional capital it raises will count among the more than $1.5 billion the nonprofit California Clean Energy Fund has leveraged towards renewable energy in its home state and globally.