With this in mind, Neufin is making its boldest move yet. Today, we announce the launch of Neufin Energy and Neufin Capital to catalyse and accelerate the RE transition for businesses. We aim to help businesses procure and finance RE by making it easier, faster and more transparent. This launch builds on our learning over the past two years that financing assets alone does not solve the problem – origination of high-quality projects and green assets is equally critical to driving the net-zero transition. RE is a key component of India\u2019s decarbonisation journey, and we\u2019re here to help businesses tap into its immense potential – both on asset origination and financing.
<\/p>\n\n\n\n
<\/p>\n\n\n\n
Why a focus on RE is necessary to drive large-scale climate impact<\/strong><\/h2>\n\n\n\nIndia\u2019s industries are feeling the heat\u2014literally. In 2021 alone, heatwaves contributed to a 5.4% loss in GDP, impacting sectors like manufacturing, agriculture, and construction. This isn\u2019t just a story of rising temperatures; it\u2019s a tale of shrinking profit margins and increasing risk. Indian businesses, which account for over half of the country\u2019s electricity consumption, are not just victims but significant contributors to domestic emissions.<\/p>\n\n\n\n
The need to act is pressing, but many businesses are hesitant. Mid-market Commercial and Industrial (C&I) customers in India are power hungry and require ~78 GW of RE power by 2030<\/a> to meet their requirements, a 239% jump from current demand. Energy costs have soared\u2014industrial tariffs in India have spiked by 30-40%<\/a> in the past five years alone. Meanwhile, the cost of Renewable Energy, particularly solar, has plummeted. Utility-scale solar in India is now priced at \u20b9 2.5- 3.5 per kWh, compared to \u20b9 6-8 per kWh for coal-based power<\/a>.<\/p>\n\n\n\nWe believe that RE is the most immediate and impactful solution for businesses to manage their energy costs, reduce their carbon footprint, and build resilience in the face of an uncertain future.
<\/p>\n\n\n\n
<\/p>\n\n\n\n
The business case for transitioning to RE is crystal clear<\/strong><\/h2>\n\n\n\n![\"\"](\"https:\/\/neufin.co\/blog\/wp-content\/uploads\/2024\/09\/rebrand-blog-benefits-1-1024x290.png\")
<\/figure>\n\n\n\n\n- Lower Energy Costs<\/strong>: Solar power is significantly cheaper than fossil fuels, and the long-term trends show RE costs falling even further, while fossil fuel prices are likely to fluctuate. By transitioning now, businesses can lock in lower costs and avoid future volatility.<\/li>\n\n\n\n
- Regulatory Preparedness<\/strong>: The Indian government has set ambitious RE targets\u2014500 GW of non-fossil fuel capacity by 2030\u2014and regulations will likely become stricter over time. The Government of India also plans to launch the pilot phase of the Indian Carbon Market (ICM) in 2025. By acting now, businesses can stay ahead of the curve, benefit from incentives, and avoid penalties that may be levied on laggards.<\/li>\n\n\n\n
- Access to Cheaper Capital<\/strong>: There are several financing options available today, from green loans to power purchase agreements, that make RE adoption more financially feasible than ever. Companies can now go green without straining their balance sheets, and those with strong sustainability goals can even access capital at lower rates.<\/li>\n\n\n\n
- Competitive Edge<\/strong>: Businesses that prioritise sustainability are increasingly favoured by customers, investors, and even regulators. By aligning with global trends, businesses can improve their reputation, open up new partnerships, and gain preferential treatment in certain markets.<\/li>\n\n\n\n
- Energy Security<\/strong>: India\u2019s power supply can be unpredictable, but RE offers greater independence. Businesses generating their own power or entering into long-term PPAs can ensure a more reliable and stable energy supply.
<\/li>\n<\/ul>\n\n\n\n<\/p>\n\n\n\n
Looking ahead with Neufin Energy and Neufin Capital<\/strong><\/h2>\n\n\n\nNeufin Energy will help C&I businesses adopt RE at scale, efficiently and effectively by exponentially simplifying their decision making process. We do this taking away the complexity of understanding the nuances of tariffs, technology, regulations etc. and connecting C&Is to the right IPP\/EPC execution partners.<\/p>\n\n\n\n![\"\"](\"https:\/\/neufin.co\/blog\/wp-content\/uploads\/2024\/09\/blog-diagram-neufin-energy-1-1024x294.png\")
<\/figure>\n\n\n\n<\/p>\n\n\n\n
Neufin Capital, meanwhile, will focus on enabling C&I businesses to finance their RE adoption via innovative and accessible financial products. Our Asset Risk Management product – Investment Grades will help investors evaluate and mitigate project risk – unlocking capital for C&Is to access RE.<\/p>\n\n\n\n![\"\"](\"https:\/\/neufin.co\/blog\/wp-content\/uploads\/2024\/09\/blog-diagram-neufin-capital-1-1024x294.png\")
<\/figure>\n\n\n\n<\/p>\n\n\n\n
Our commitment to accelerating decarbonisation and unlocking capital remains unwavering. Our vision continues to be the same – to be the platform that drives the net-zero transition and our mission to catalyse $10 billion in capital into climate by 2028. <\/p>\n\n\n\n
RE is the next frontier, and we\u2019re excited to be “The Energy Transition Catalysts” driving this change.<\/strong><\/p>\n\n\n\n<\/p>\n\n\n\n
\u2013 From Rahool Gadkari and Rushil Noronha (Co-founders \u2013 Neufin)<\/p>\n","protected":false},"excerpt":{"rendered":"
Neufin is rising to the challenge of accelerating India\u2019s energy transition with the launch of Neufin Energy and Neufin Capital.<\/p>\n","protected":false},"author":124,"featured_media":5060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"footnotes":""},"categories":[49],"tags":[],"series":[],"acf":[],"_links":{"self":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/5015"}],"collection":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/users\/124"}],"replies":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/comments?post=5015"}],"version-history":[{"count":23,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/5015\/revisions"}],"predecessor-version":[{"id":5064,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/5015\/revisions\/5064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/media\/5060"}],"wp:attachment":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/media?parent=5015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/categories?post=5015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/tags?post=5015"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/series?post=5015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
We believe that RE is the most immediate and impactful solution for businesses to manage their energy costs, reduce their carbon footprint, and build resilience in the face of an uncertain future.
<\/p>\n\n\n\n
<\/p>\n\n\n\n
The business case for transitioning to RE is crystal clear<\/strong><\/h2>\n\n\n\n<\/figure>\n\n\n\n\n- Lower Energy Costs<\/strong>: Solar power is significantly cheaper than fossil fuels, and the long-term trends show RE costs falling even further, while fossil fuel prices are likely to fluctuate. By transitioning now, businesses can lock in lower costs and avoid future volatility.<\/li>\n\n\n\n
- Regulatory Preparedness<\/strong>: The Indian government has set ambitious RE targets\u2014500 GW of non-fossil fuel capacity by 2030\u2014and regulations will likely become stricter over time. The Government of India also plans to launch the pilot phase of the Indian Carbon Market (ICM) in 2025. By acting now, businesses can stay ahead of the curve, benefit from incentives, and avoid penalties that may be levied on laggards.<\/li>\n\n\n\n
- Access to Cheaper Capital<\/strong>: There are several financing options available today, from green loans to power purchase agreements, that make RE adoption more financially feasible than ever. Companies can now go green without straining their balance sheets, and those with strong sustainability goals can even access capital at lower rates.<\/li>\n\n\n\n
- Competitive Edge<\/strong>: Businesses that prioritise sustainability are increasingly favoured by customers, investors, and even regulators. By aligning with global trends, businesses can improve their reputation, open up new partnerships, and gain preferential treatment in certain markets.<\/li>\n\n\n\n
- Energy Security<\/strong>: India\u2019s power supply can be unpredictable, but RE offers greater independence. Businesses generating their own power or entering into long-term PPAs can ensure a more reliable and stable energy supply.
<\/li>\n<\/ul>\n\n\n\n<\/p>\n\n\n\n
Looking ahead with Neufin Energy and Neufin Capital<\/strong><\/h2>\n\n\n\nNeufin Energy will help C&I businesses adopt RE at scale, efficiently and effectively by exponentially simplifying their decision making process. We do this taking away the complexity of understanding the nuances of tariffs, technology, regulations etc. and connecting C&Is to the right IPP\/EPC execution partners.<\/p>\n\n\n\n<\/figure>\n\n\n\n<\/p>\n\n\n\n
Neufin Capital, meanwhile, will focus on enabling C&I businesses to finance their RE adoption via innovative and accessible financial products. Our Asset Risk Management product – Investment Grades will help investors evaluate and mitigate project risk – unlocking capital for C&Is to access RE.<\/p>\n\n\n\n<\/figure>\n\n\n\n<\/p>\n\n\n\n
Our commitment to accelerating decarbonisation and unlocking capital remains unwavering. Our vision continues to be the same – to be the platform that drives the net-zero transition and our mission to catalyse $10 billion in capital into climate by 2028. <\/p>\n\n\n\n
RE is the next frontier, and we\u2019re excited to be “The Energy Transition Catalysts” driving this change.<\/strong><\/p>\n\n\n\n<\/p>\n\n\n\n
\u2013 From Rahool Gadkari and Rushil Noronha (Co-founders \u2013 Neufin)<\/p>\n","protected":false},"excerpt":{"rendered":"
Neufin is rising to the challenge of accelerating India\u2019s energy transition with the launch of Neufin Energy and Neufin Capital.<\/p>\n","protected":false},"author":124,"featured_media":5060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"footnotes":""},"categories":[49],"tags":[],"series":[],"acf":[],"_links":{"self":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/5015"}],"collection":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/users\/124"}],"replies":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/comments?post=5015"}],"version-history":[{"count":23,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/5015\/revisions"}],"predecessor-version":[{"id":5064,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/5015\/revisions\/5064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/media\/5060"}],"wp:attachment":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/media?parent=5015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/categories?post=5015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/tags?post=5015"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/series?post=5015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/figure>\n\n\n\n- \n
- Lower Energy Costs<\/strong>: Solar power is significantly cheaper than fossil fuels, and the long-term trends show RE costs falling even further, while fossil fuel prices are likely to fluctuate. By transitioning now, businesses can lock in lower costs and avoid future volatility.<\/li>\n\n\n\n
- Regulatory Preparedness<\/strong>: The Indian government has set ambitious RE targets\u2014500 GW of non-fossil fuel capacity by 2030\u2014and regulations will likely become stricter over time. The Government of India also plans to launch the pilot phase of the Indian Carbon Market (ICM) in 2025. By acting now, businesses can stay ahead of the curve, benefit from incentives, and avoid penalties that may be levied on laggards.<\/li>\n\n\n\n
- Access to Cheaper Capital<\/strong>: There are several financing options available today, from green loans to power purchase agreements, that make RE adoption more financially feasible than ever. Companies can now go green without straining their balance sheets, and those with strong sustainability goals can even access capital at lower rates.<\/li>\n\n\n\n
- Competitive Edge<\/strong>: Businesses that prioritise sustainability are increasingly favoured by customers, investors, and even regulators. By aligning with global trends, businesses can improve their reputation, open up new partnerships, and gain preferential treatment in certain markets.<\/li>\n\n\n\n
- Energy Security<\/strong>: India\u2019s power supply can be unpredictable, but RE offers greater independence. Businesses generating their own power or entering into long-term PPAs can ensure a more reliable and stable energy supply.
<\/li>\n<\/ul>\n\n\n\n<\/p>\n\n\n\n
Looking ahead with Neufin Energy and Neufin Capital<\/strong><\/h2>\n\n\n\n
Neufin Energy will help C&I businesses adopt RE at scale, efficiently and effectively by exponentially simplifying their decision making process. We do this taking away the complexity of understanding the nuances of tariffs, technology, regulations etc. and connecting C&Is to the right IPP\/EPC execution partners.<\/p>\n\n\n\n
<\/figure>\n\n\n\n<\/p>\n\n\n\n
Neufin Capital, meanwhile, will focus on enabling C&I businesses to finance their RE adoption via innovative and accessible financial products. Our Asset Risk Management product – Investment Grades will help investors evaluate and mitigate project risk – unlocking capital for C&Is to access RE.<\/p>\n\n\n\n
<\/figure>\n\n\n\n<\/p>\n\n\n\n
Our commitment to accelerating decarbonisation and unlocking capital remains unwavering. Our vision continues to be the same – to be the platform that drives the net-zero transition and our mission to catalyse $10 billion in capital into climate by 2028. <\/p>\n\n\n\n
RE is the next frontier, and we\u2019re excited to be “The Energy Transition Catalysts” driving this change.<\/strong><\/p>\n\n\n\n
<\/p>\n\n\n\n
\u2013 From Rahool Gadkari and Rushil Noronha (Co-founders \u2013 Neufin)<\/p>\n","protected":false},"excerpt":{"rendered":"
Neufin is rising to the challenge of accelerating India\u2019s energy transition with the launch of Neufin Energy and Neufin Capital.<\/p>\n","protected":false},"author":124,"featured_media":5060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"footnotes":""},"categories":[49],"tags":[],"series":[],"acf":[],"_links":{"self":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/5015"}],"collection":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/users\/124"}],"replies":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/comments?post=5015"}],"version-history":[{"count":23,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/5015\/revisions"}],"predecessor-version":[{"id":5064,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/posts\/5015\/revisions\/5064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/media\/5060"}],"wp:attachment":[{"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/media?parent=5015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/categories?post=5015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/tags?post=5015"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/neufin.co\/blog\/wp-json\/wp\/v2\/series?post=5015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Regulatory Preparedness<\/strong>: The Indian government has set ambitious RE targets\u2014500 GW of non-fossil fuel capacity by 2030\u2014and regulations will likely become stricter over time. The Government of India also plans to launch the pilot phase of the Indian Carbon Market (ICM) in 2025. By acting now, businesses can stay ahead of the curve, benefit from incentives, and avoid penalties that may be levied on laggards.<\/li>\n\n\n\n