Artha Energy Resources Launches RenewShare, Auto News, ET Auto Investment Platform

Artha Energy Resources on Wednesday announced the launch of RenewShare, a renewable energy investment platform, which enables fractional ownership of renewable energy (RE) assets in the country. Launched as a standalone investment platform, RenewShare is aimed at investors looking to diversify their existing portfolio while being part of India’s rapidly growing renewable energy landscape, the renewable energy solutions provider said in a statement. communicated.

“Although renewables are experiencing impressive growth, access to viable investment opportunities in the sector for most investors is virtually non-existent. , aim to address this problem by making it easier to reduce ticket sizes for investments, ”said Animesh Damani, Founder and CEO of RenewShare.

The platform, upon launch, has already recruited a Special Purpose Vehicle (SPV) with assets worth Rs 7 crore and an early investment pledge of Rs 10 crore from investors. , with RE assets spread across four cities, the statement said.

“With the initial total investment pledge of Rs 10 crore, the response from the circle of investors has been overwhelming, reinforcing our belief in the enormous potential and interest in the renewable energy sector.

“Therefore, we will facilitate more than Rs 200 crore in transactions per year by FY 2024 and are confident to help investors capture 10% of Indian Operating Expense Projects (OPEX)”, a- he added.

The platform recruits thematic SPVs, in which similar renewable energy projects in the wind and solar segments are combined after being carefully reviewed by a team of experts. Investors have a choice and can choose a pool of SPVs with their preferred RE projects based on their risk appetite, he said.

SPVs listed on RenewShare would initially require an investment of Rs 20 lakh from an investor, he said.

As a viable alternative to fixed income securities, assets listed on SPVs are filtered to generate a rate of return twice the current long-term FD rates offered by major Indian banks. The platform would then be made available to retail investors, he said.

The impact investing platform will allow multiple investors to co-invest in a large number of projects, but with lower counterparty risk. The investments made in an SPV are spread over several RE assets, thus significantly reducing the risk.

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