The USAID investment forms part of a clean energy deal signed during US president Barack Obama’s visit to India earlier this year.
In addition to the $41m, the US will also invest $8m to launch the PACESetter fund which aims to accelerate commercialisation and innovation of off-grid clean energy solutions.
The USAID funds are designed to help support innovation and sell small scale renewables systems to those communities which have limited or no grid access.
The
