PTC India Financial services (PFS) has joined hands with the US-India Clean Energy Finance (USICEF) initiative on April 04, 2019. USICEF is managed by Climate Policy Initiative (CPI) and was founded in 2017 in partnership with the Indian Ministry of New and Renewable Energy, OPIC, IREDA, and leading US Foundations. USICEF supports early-stage projects to scale up, de-risk and become investment-ready. It leverages public and philanthropic funds to catalyze private investment into distributed clean energy in India.
The company has processed and sanctioned 3 distributed solar power projects with an aggregate debt amount of Rs 242 crore, of which approximately Rs 39 crore is outstanding on the books. The company has partnered/engaged with USICEF to leverage these funds for the most promising, investment-ready distributed solar projects in India.
PTC India Financial Services is an Indian non-banking financial institution. The company makes principal investments in, and provides financing solutions for, companies with projects across the energy value chain.
