New Energy Nexus to Expand its Distributed Solar Segments in India

New Energy Nexus, a sustainable energy finance company announces that it is planning to expand its exposure in India by investing in the cKers Finance Sustainable Energy Bond (SEB).

"The falling cost of solar technology is democratizing the availability of energy through distributed solutions. We are very excited to grow our partnership with cKers Finance, which has developed innovative financing products suited to the needs of these segments. Overall, they have helped deploy over $30 million in the last 24 months. Our fund has invested a total of $5 million into cKers Finance, which we think is excellent leverage to accelerate the development of new distributed solar segments," states Danny Kennedy, Chief Energy Officer, New Energy Nexus.

cKers Finance is currently associated with a range of investors who are interested to deploy capital in the sustainable energy space. Thus, cKers Finance has evolved to be the go-to financing option for companies who are willing to raise debt capital, within a short span of three years.

"We have helped catalyze the creation of over 45 megawatts of distributed solar energy assets across 100+ locations all over India. We have developed a range of financing products for emerging developers, renewable energy service companies- RESCOs, and clean-technology companies to enable them to grow. Our speciality is in being able to do smaller ticket-sizes, which most traditional financiers shy away from. And this year we are piloting even smaller ticket-sizes, for Small and Medium Enterprises- SMEs," says Pawan Mehra, Director & CIO, cKers Finance.

The company's present funds would be utilized to catalyze the growth of distributed segment that includes floating solar, solar cold chains, residential & commercial solar system, solar pumps and more. Additionally, part of the funds would be invested in emerging energy service company models (ESCO) that encourages energy efficiency.

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