The financial innovation program of New Energy Nexus announced that it is increasing its exposure in India by investing in the cKers Finance Sustainable Energy Bond (SEB). They have invested a total of $5 million.
SEBs are specialized instruments that allow investors to have exposure exclusively to sustainable energy assets. Unlike traditional green bond issuances, SEBs are viable at smaller scales, which helps catalyze collaborative action and investments that are imperative to raising capital for distributed clean energy around the world.
cKers Finance has helped catalyze creation of over 45 megawatts of distributed solar energy assets across 100+ locations all over India. They have developed a range of financing products for emerging developers, renewable energy service companies- RESCOs, and clean-technology companies to enable them to grow.
Their specialty is in being able to do smaller ticket-sizes, which most traditional financiers shy away from. And this year they are piloting even smaller ticket-sizes, for Small and Medium Enterprises- SMEs.
cKers Finance is working with a range of investors looking to deploy capital in the sustainable energy space, and in a short span of three years has become the go-to-financier for companies looking to raise debt capital.
The present funds are meant to catalyze the growth of distributed segments including residential and commercial solar systems, solar pumps, floating solar, solar cold chains and the like.
Part of the proceeds will also be invested in emerging energy service company models (ESCO) that promotes energy efficiency.
This is a Syndicate News-Feed edited by Clean-Future Team