Venture Capital Fund for Energy Efficiency (VCFEE)
To enhance equity investment in Energy Efficiency (EE) projects, BEE has institutionalised Venture Capital Fund for Energy Efficiency (VCFEE). The Fund shall provide last mile equity support to specific energy efficiency projects, limited to a maximum of 15% of total equity required, through Special Purpose Vehicle (SPV) or INR 2 crores, whichever is less. The support under VCFEE is limited to Government buildings, private buildings having commercial or multi-storey residential accommodations, and municipalities.
VCFEE Rules were notified in March 2017. In July, 2015 the VCFEE Trust was constituted as per provisions of Indian Trust Act 1882 and trust deed was registered with jurisdictional sub-registrar Government of Delhi.