Financing Solar Energy Solutions for High-Impact Communities via Blockchain-based Micro-Investing Ecosystem
TypeStartup or self-employed
FoundersJaskaran Singh Sethi
HeadquartersNew Delhi, Delhi 110011, India
PowerErn, is developing a Micro-Investing buy-to-lease Platform for financing Small-Medium residential & commercial Solar Plants in emerging markets, allowing investors worldwide to buy solar cells, lease them, earn a ~10-15% IRR passive-income & help fund these plants, for less than $10, all from their phones, with the help of Blockchain.
Once built, these projects get solar plants for zero-capital costs of their own & investors get a share of rental income from the electricity their cells produce, over 20 years.
Moreover today, the world has entered a phase of grid parity, where solar is no longer expensive than fossil fuels, however most people still can't access it due the high-capital investments. Our Mission is to reach hundreds of millions in the hottest areas of the world, who still don't have access to electricity. The innovative financial tools we have developed enable us to make the environmental, social and economic benefits of solar power accessible and affordable for all.
With the downfall of Solar Prices there’s an emerging market to facilitate funding for small-to-medium commercial and industrial distributed-solar projects for schools, businesses and organisations, ranging from 50 KWp-1 MWp in electricity-generating capacity. These projects represent a promising market that is largely untapped, primarily because traditional solar-financiers and foreign-investors prefer to fund larger-portfolios of solar projects or centralised utility-scale solar plants.
For Impact-Investors, Solar is a lower-risk investment that is 100% asset-backed and offers investors predictable, long-term, inflation-linked returns contracted through power purchase agreements(PPAs). In addition to long term, stable returns, solar investments also provide direct exposure to the substantial potential upside from increasing power prices, which are forecast to increase both in developed (8–12% in North America and the EU) and developing markets (20% in India and China) by 2030.
The Sustainable Development Goals are a call to action to end poverty, protect the planet and ensure peace and prosperity everywhere.
Clean water and sanitation
Affordable and clean energy
Industry, innovation and infrastructure
Sustainable cities and communities
Responsible consumption and production
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