Artha Energy Resources announced the launch of RenewShare, a renewable energy investment platform, that enables fractional ownership of renewable energy (RE) assets in the country.
It is Launched as an autonomous investment platform that caters to investors interested in diversifying their existing portfolio while being a part of the fast-growing RE landscape in India.
''While RE has an impressive growth story,
access to viable investment opportunities in the sector for most investors is virtually non-existent. The RE segment carries the tag of being an extremely expensive asset class to own and manage independently.
We, as an aggregator, aim to resolve this problem by facilitating to bring down the ticket size for investments,'' Animesh Damani, Founder and CEO, RenewShare, said.
The platform, during its launch, has already enlisted a Special Purpose Vehicle (SPV) with assets worth Rs 7 crore and an early investment commitment of Rs 10 crore from investors.
''With the initial total investment commitment of Rs 10 crore, the response from the investor circle has been overwhelming, which solidifies our belief in the huge potential and interest in the RE sector.
''Hence, we will facilitate over Rs 200 crores worth of transactions per annum by FY 2024 and are confident to help investors capture 10 per cent of Indian operating expenses (OPEX) projects,'' he added.