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cKers Finance, India’s first sustainability focused project financier, recognized by India Innovation Lab for Green Finance

Source Name: 
Sustainability Outlook
Source Url: 
http://sustainabilityoutlook.in/news/ckers-finance-india%E2%80%99s-first-sustainability-focused-project-financier-recognized-india

The India Innovation Lab for Green Finance has selected cKers Finance’s idea for Sustainable Energy Bonds for further analysis, development, and preparation for a pilot implementation. Through Sustainable Energy Bonds, cKers aims to drive finance to sustainable energy projects by attracting impact investors looking for debt exposure and offering them a set of instruments that provides return as well as standardized impact measures. Once implemented, Sustainable Energy Bonds could help catalyze millions of dollars towards clean energy deployment in India.

Through an open call for ideas, the India Lab received a record number of 72 innovative idea submissions. After an initial screening of these ideas, the top four ideas based on their actionability, innovation, catalytic potential, and financial sustainability were selected.

Over the next few months, the selected four ideas will receive guidance from Lab Members and other high-level experts, as well as rigorous analysis provided by the Lab Secretariat (Climate Policy Initiative), in preparation for potential piloting at the end of the India Lab’s 2016-2017 cycle.

About the India Innovation Lab for Green Finance

The India Innovation Lab for Green Finance is a public-private initiative in India that identifies, develops, and accelerates innovative solutions to drive more investment for green growth in India. The India Lab has been endorsed by the Indian Ministry of New and Renewable Energy. It is hosted and funded by Shakti Sustainable Energy Foundation, with additional financial support from the David and Lucile Packard Foundation and the Oak Foundation. Climate Policy Initiative in Delhi serves as the Secretariat and analytical provider.

About cKers Finance

cKers Finance is a market-maker project finance platform that drives innovation in financing in areas related to Energy and Resource Sustainability. It invests in assets that will provide a higher return than what the market anticipates on a risk-adjusted basis. It has been launched by cKinetics (www.cKinetics.com), IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (www.CIIE.co) and also backed by Infuse Ventures (www.InfuseVentures.in). For further information: contact@ckersfinance.in

Media Contact

Saurav Kumar

media@ckersfinance.in

Author: SustainabilityOutlook