Empowering Rooftop Solar: WealthFund's Innovative Financing Solutions Revolutionize the Industry - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
Select Page

The CLIMAFIX Summit is India’s largest climate startup summit, organized by EAI & Energy Consortium – IIT Madras. Shankar Sivan of Welfund shares his thoughts on Digital for Decarbonization at CLIMAFIX Summit 2022, Nov 25 & 26, 2022, at the IIT Madras Research Park, Chennai.

Venkatesh Modi, Blume Ventures moderated the session (Watch their presentation – here)

Other panel participants were:

Sumanth Selvarasu – Buyofuel (Watch their presentation – here)

Bhaskar R – Datasee.AI (Watch their presentation – here)

Akanksha Priyadarshini – Aurassure (Watch their presentation – here)

In the pursuit of sustainable energy solutions, rooftop solar emerges as a source of promise, offering both environmental benefits and economic savings. However, the widespread adoption of rooftop solar faces a significant hurdle: the lack of accessible and affordable financing options. This article explores how WealthFund is pioneering a transformative approach to financing rooftop solar projects.

Meet Shankar Sivan: The Driving Force Behind WealthFund

Shankar Sivan, with a background in mechanical engineering and corporate experience at Ashok Leyland and PricewaterhouseCoopers, brings a unique blend of technical expertise and business acumen to WealthFund. His journey reflects a deep commitment to innovation and sustainability.

Unveiling the Challenges of Rooftop Solar Financing

Shankar sheds light on the challenges hindering rooftop solar financing, particularly for small-scale projects. The lack of standardization in rooftop installations poses significant obstacles for lenders, making underwriting and risk assessment complex.

WealthFund’s Solution: A Digital Platform for Rooftop Solar Financing

WealthFund’s digital platform aims to streamline the financing process for rooftop solar projects by leveraging technology to mitigate transaction costs. Shankar envisions a comprehensive ecosystem encompassing lenders, engineers, and other stakeholders.

Integration with the Open Credit Enablement Network: Unlocking Access to Capital

By integrating with the Open Credit Enablement Network, WealthFund aims to revolutionize lending in India. API integrations with multiple lenders promise to democratize access to finance for rooftop solar projects.

Tailored Solutions for Solar Financing Challenges

WealthFund offers bespoke solutions to address the unique challenges of solar financing, including buyback guarantees and performance guarantees. These initiatives aim to de-risk investments and instill confidence in lenders.

WealthFund’s Impact on Rooftop Solar

With a growing roster of lenders and a burgeoning pipeline of loan applications, WealthFund is ready to make a significant impact on the rooftop solar landscape. Shankar’s vision of a sustainable future powered by accessible financing serves as a source of hope.

Latest from Net Zero Videos

Innovating for India’s Future: How AGNIi is Empowering Startups to Combat Climate Challenges

Insights from IIT Madras’ Energy Innovators – Satya Chakravarthy and Satyanarayanan Seshadri

Innovators in Climate Tech Take Center Stage at CLIMAFIX Early Stage Startup Contest 

Inspiring Sustainability Startups Pitch at CLIMAFIX Summit 2023 

Water Sustainability Investments Amid Climate Crisis – Insights from Mridula Ramesh 

About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

Know More...Connect with our director

Copyright © 2024 EAI. All rights reserved.