PowerErn, a crowd-investing buy-to-lease platform, for financing solar energy solutions, to high-impact communities & institutions that cannot bear the upfront costs of solar, while delivering a financial return for investors through a buy-to-lease solar asset ecosystem.
TypeStartup or self-employed
FoundersJaskaran Singh Sethi
HeadquartersNew Delhi, Delhi 110011, Inde
PowerErn, a crowd-investing model for financing solar energy solutions, providing solar electricity to high-impact communities & institutions that cannot bear the upfront costs of solar, while delivering a financial return for investors through a buy-to-lease solar asset ecosystem.
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.
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.
And thus, PowerErn is a platform where anyone in this world can purchase even a single solar cell costing less than 10$, earning a ~10-15% IRR passive-income, leasing these cells through unique SPV’s to PowerErn backed high-impact projects at optimal-places, giving them a solar plant at no-upfront cost and lowering their energy-bills.
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.