+
PYSE launches India’s first fractionally-owned solar plant
POWER & RENEWABLE ENERGY

PYSE launches India’s first fractionally-owned solar plant

PYSE, an investment platform for sustainable projects from a ticket size as low as Rs 5,000, has launched India’s first and largest fractionally owned solar power plant in Karnataka. The plant has been built at an investment of Rs 260 million, with an average investor ticket size of Rs 25,000.

The project has been strategically divided into four tranches with the first three tranches worth Rs 160 million. Tranche 1, 2, and 3 had been oversubscribed 2.5 times and the money was raised in an average of three days. The project is backed by more than 600 retail investors and is equipped to supply solar power to marquee clients operating manufacturing plants.

PYSE will launch the fourth and final tranche with a minimum investment of Rs 50 million. The plant is set to be commissioned by the end of July and is designed to offset 65 lakh kg of carbon footprint every year for the next 25 years.

Kaustubh Padakannaya, co-founder, PYSE, said, “The response from investors to the launch … has solidified our faith in the fact that investors recognize solar as an asset class offers potential to earn steady returns while contributing to the environment.

This project showcases our commitment to making green assets a lucrative financial product for retail investors

Also Read:
NGSL to build a balance of systems for 325-MW solar projects
Rising solar cell and module costs pressure developers


PYSE, an investment platform for sustainable projects from a ticket size as low as Rs 5,000, has launched India’s first and largest fractionally owned solar power plant in Karnataka. The plant has been built at an investment of Rs 260 million, with an average investor ticket size of Rs 25,000. The project has been strategically divided into four tranches with the first three tranches worth Rs 160 million. Tranche 1, 2, and 3 had been oversubscribed 2.5 times and the money was raised in an average of three days. The project is backed by more than 600 retail investors and is equipped to supply solar power to marquee clients operating manufacturing plants. PYSE will launch the fourth and final tranche with a minimum investment of Rs 50 million. The plant is set to be commissioned by the end of July and is designed to offset 65 lakh kg of carbon footprint every year for the next 25 years. Kaustubh Padakannaya, co-founder, PYSE, said, “The response from investors to the launch … has solidified our faith in the fact that investors recognize solar as an asset class offers potential to earn steady returns while contributing to the environment. This project showcases our commitment to making green assets a lucrative financial product for retail investorsAlso Read:NGSL to build a balance of systems for 325-MW solar projects Rising solar cell and module costs pressure developers

Related Stories

Gold Stories

Next Story
Infrastructure Transport

MMRDA Targets Completion of Projects by December 2028

The Mumbai Metropolitan Region Development Authority (MMRDA) is targeting the completion of all its ongoing infrastructure projects by December 2028, a year ahead of its December 2029 deadline, Metropolitan Commissioner Dr Sanjay Mukherjee has said.Speaking at the sixth edition of the Real Estate & Infrastructure Investors' Summit (REIIS) 2026 in Mumbai, Mukherjee said the authority was developing an integrated network of roads, tunnels, sea links and Metro corridors under its broader vision of “Mumbai in 59 Minutes”.The objective is to improve east-west and north-south connectivity an..

Next Story
Building Material

High-Performance Façades Gain Ground in Indian Buildings

High-performance façades are gaining greater importance in Indian architecture as developers and architects increasingly focus on energy efficiency, thermal comfort and building performance, according to Shankar Fenestrations & Glasses.The company said modern façade systems are increasingly being considered as part of a building's overall performance strategy rather than being used primarily as aesthetic elements.High-performance glass, curtain wall systems and structural glazing can contribute to thermal regulation, solar control, daylight management and indoor comfort. Their growing ad..

Next Story
Technology

SPML Infra's 104.4 kWh BESS Battery Pack Clears Global Tests

SPML Infra has announced that its proprietary 104.4 kWh Battery Energy Storage System (BESS) battery pack has completed key international safety, performance and transportation testing and certification requirements, marking a step towards its commercial deployment.Developed under the company's own intellectual property, the battery pack has completed requirements under UL9540A, IEC 62619, IEC 63056, IEC 60730, IEC 61000-6-2, IEC 61000-6-4 and UN38.3 standards.The testing covers areas including thermal runaway safety, battery performance, system functional safety, electromagnetic compatibility..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code