Pyse is an online investment platform that helps retail investors invest their money in sustainable projects that create social and environmental impacts. In an effort to make sustainability accessible to everyone, Kaustubh has developed the fintech app Pyse that turns green assets into a lucrative financial product for the average retail investor. The company prides itself on making fixed deposits that have a positive environmental, social and economic impact. Mr. Harshit Garg, Chief Investment Officer, Pyse shares more information on the same topic,
- India’s Renewable Energy Journey
India’s renewable energy ecosystem is buzzing with action! Our recently updated Nationally Determined Contribution (NDC) is poised to launch the country on a path to accelerating climate action and addressing the impacts of climate change. A key objective of the updated NDC is India’s goal to derive 50% of its energy from non-fossil energy resources by 2030.
To top it all off, investments in the green energy space in India are hitting an all-time high with $14.5 billion invested in renewables in 2021-22, a 125% increase from those invested during 2021-22. the 2020-21 financial year. For Indian businesses and investors, this simply means that the net zero deadline is closer than ever and it is time to act!
- Clean energy becomes crucial for development
For India’s renewable energy ecosystem to grow by leaps and bounds, investment is key! From developing increasingly decentralized renewables like rooftop solar to modernizing and digitizing the grid, investments are key to driving a massive transition from solar-based energy sources. fossil fuels to renewable energy sources in a population whose energy needs are only increasing.
With regulatory frameworks such as the BRSR (India’s own mandatory ESG reporting framework) monitoring greenwashing concerns, offering green taxonomy and ensuring transparent and consistent sustainability data, investing in the sustainability space green energy is now more reliable than ever! On a personal level, people are increasingly recognizing the economic, societal and environmental benefits of clean energy and embracing a greener energy agenda, prompting brands to make sustainability a priority.
- How Pyse enables individuals to benefit from investing in sustainable projects
With the aim of making sustainability accessible to the common investor, Pyse was created to make green assets a lucrative financial product for all retail investors. Pyse allows you to diversify your investment portfolio using market-neutral and alternative asset classes that generate excellent returns. The platform offers options for retail investors to invest in green energy, electric mobility and reforestation. An investor can start investing with a nominal amount of INR 5,000, which makes it affordable for a wider audience. It only presents pre-verified and risk-rated offers on the platform. The company has a policy of conducting risk checks and listing only credible clients, thereby minimizing credit risk for investors. Pyse provides a way to earn 9% to 12% annual returns on investments while offsetting the carbon footprint of investors.
- Roadmap for the future
According to an IBEF report, India’s energy roadmap is promising. Installed renewable energy generation capacity has grown over the past few years, posting a CAGR of 15.92% between FY16-22. TWh by 2040, renewable energies are expected to play an important role. With the government’s continued support in the green mission, India is receiving FDI as it expands its capacity in green hydrogen, electric vehicles and solar equipment manufacturing. According to estimates by the Central Electricity Authority (CEA), by 2029-30 the share of renewable energy generation will increase from 18% to 44%, while that of thermal energy is expected to increase from 78% to 52%.
Reference: Central Electricity Authority, Ministry of New and Renewable Energy,
About Pysa: Pyse, an online investment platform that helps retail investors invest their money in sustainable projects that create social and environmental impacts. In an effort to make sustainability accessible to everyone, Kaustubh has developed the fintech app Pyse that turns green assets into a lucrative financial product for the average retail investor. The company prides itself on making fixed deposits that have a positive environmental, social and economic impact. Currently, Pyse manages a portfolio of over 4000 retail investors and 40 Cr of commercial and industrial assets. It guarantees fixed returns of 9 to 10% to its retail investors. Pyse is striving to achieve its short-term target of managing 170cr of assets and aims to reach 8 lakh investors over the next five years