Artha Energy Resources, a renewable energy solutions company has launched a platform for retail investors to own solar or wind power assets and earn returns to the tune of 11-12 per cent. The company on Wednesday announced its new platform RenewShare which will enable fractional ownership of RE assets in the country.
Speaking with Business Standard, Animesh Damani, managing partner at Artha and CEO, RenewShare said this is first such fintech platform for ‘high net worth individuals (HNIs) to own and invest in renewable energy assets. He said the platform already has assets worth Rs 7 crore which includes four projects.
“We have Rs 10 crore of commitments from investors who are majorly HNIs, angel investors, family offices and professionals with a large exposure to fixed-income. We will facilitate over Rs 200 crores worth of transactions per annum by FY 2024,” Damani said.
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