The Ministry of New and Renewable Energy awarded Grants to the awardees of the second round of PACEsetter fund programme.
About:
Constituted by: India and the USA.
Constitutedin: 2015.
Objective: It is a joint fund to provide early-stage grant funding to accelerate the commercialization of innovative off-grid clean energy products, systems, and business models.
Features: The Fund's main purpose is 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/intermittent access (less than 8 hours per day).
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