PACEsetter Fund Programme | 23 Sep 2019

The Ministry of New and Renewable Energy recently awarded grants to the awardees of the second round of PACEsetter fund programme.

The PACEsetter fund was constituted by India and the USA in 2015 as a joint fund.
The mission of the PACEsetter Fund is to accelerate the commercialization of innovative off-grid clean energy access solutions by providing early-stage grant funding that would allow businesses to develop and test innovative products, business models and systems.
The Fund's main purpose is to improve the viability of off-grid renewable energy businesses that sell small scale (less than 1 megawatt) clean energy systems to individuals and communities without access to grid-connected power or with limited/intermittent access.