Venture Capital Fund for Energy Efficiency
Introduction
Venture Capital Fund for Energy Efficiency, under Framework for Energy Efficient Economic Development of the National Mission on Enhanced Energy Efficiency, provides risk capital support to energy efficiency investments in new technology, goods and services, etc.
Rationale
- This fund is a leveraging fund with a view to control private venture investments in energy efficiency sector by identifying the possible co-investment opportunities (not in competition with other private funds) with other venture capitalists into energy efficiency projects & companies.
Basic elements of design
The fund allows private venture fund players to capitalize the transaction costs associated with specific energy efficiency investments. It also helps to create the volume in energy efficiency deal flow by the fund manager of the venture capital fund through advertising & soliciting opportunities in energy efficiency area.
India experience
Document on institutional framework and RFP for hiring fund manager for the Venture Capital Fund is being finalized.
