Nereus finances alternative energy infrastructure in India.

India’s economy requires an estimated 200 gigawatts of new power capacity by 2022 to sustain economic growth.

Given the high cost of electricity, alternative energy has broad applications in India.

30% of India’s states have peak power deficits over 20%.

400 million Indians lack any access to power. Those who do have access experience outages an average of 19% of the time.

India is currently the world’s fourth largest emitter of greenhouse gases. Its emissions are projected to increase to four times by 2050.

Sector

India's energy crisis may spur the adoption of alternative energy.

The economic viability of alternative energy in India

Growth Potential

India requires 220 gigawatts of new power generation by 2022. Of this, 49 gigawatts is projected to come from renewable resources making India one of the world's largest markets for alternative energy.

Viability

High power prices for commercial and industrial end-users in India allow alternative energy power projects to be economic independent of leverage or subsidies.

Transformation

Because India’s existing energy infrastructure is insufficient and inefficient, there exists an opportunity to reduce India’s reliance on centralized thermal power production through distributed, alternative energy generation.

Strategy

Nereus seeks excess return in the application of operational best practices to project development.

Finding excess return in the transformation of the Indian energy sector

Differentiated Expertise

Nereus is differentiated by the combination of a private equity team that has invested together for over a decade and a sector-specific operational team that has developed over 1,000 megawatts of alternative energy power generation in India.

Risk-adjusted Return

Nereus’ investment philosophy is premised on the belief that investors in illiquid securities must not merely derive returns from privately-negotiated market risk, but rather find excess return in rigorously diligenced, idiosyncratic company-level risk.

Nereus seeks excess return in rigorously diligencing and pricing development risk in a market where asset-level returns are strong, but where execution can be challenging. Likewise, investing in dynamic markets rewards flexibility. Nereus’ invests across capital structures and return profiles to align interests and to provide companies with needed versatility.

Nereus development team discusses best practices of project development

Operational Expertise

Nereus helps portfolio investments adopt the best practices of contractual risk mitigation, including power purchase agreements, engineering procurement, construction contracts, and technology supply agreements.

Nereus drives certain high-impact aspects of project development within its portfolio to improve the risk-return profile of investments.

Impact

Nereus' investments create positive environmental and developmental impact.

The development impact of Nereus' investments

Demonstrating that distributed alternative energy generation is economic in India may spur the type of widespread private market adoption that could alter India’s emerging carbon emissions footprint and spur economic growth in underdeveloped geographies.

In addition to supplying power to communities with little to no access to electricity, Nereus’ investments in alternative energy power projects improve economic activity: developing local infrastructure, generating job opportunities, and providing additional means of income.

Funds

India Alternative Energy Fund

India Alternative Energy Fund invests in private independent power producers where the use of proceeds from investments is the development, construction, and operation of alternative energy power plants in India.

India Alternative Energy Fund invests across capital structures and return profiles to align interests between investors and developers and to provide companies with needed versatility.

India Alternative Energy Fund seeks to catalyze the next generation of Indian IPPs; investments are underwritten from both project-level returns and the appreciation in enterprise value through the development of a scalable pipeline.

India Solar Investment Trust

Recently the combination of high electricity prices for commercial and industrial end-users in India and the falling cost of solar panels created a compelling dynamic–it can now be advantageous for commercial and industrial end-users in India to contract to buy solar power rather than buy grid power.

India Solar Investment Trust provides construction financing for utility-scale photovoltaic solar power plants where the power generated is predominantly purchased by creditworthy commercial and industrial end-users in India.

Indian Solar Investment Trust seeks to generate stable, low volatility, annual yields from the contracted sale of power.

About

For general information and to explore business opportunities: info@nereuscap.com

For career opportunities: careers@nereuscap.com

India Operations

Mumbai
Suite 1806, 114 Dr. E. Moses Road
Worli, Mumbai 400018 India
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Delhi
The Leela Kempinski, Suite 371, Ambience Island, NH 8
Gurgaon 122002 India
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Careers

Nereus prizes its culture of informal collaboration and intellectual rigor. We believe in recruiting outstanding individuals of varied backgrounds and rewarding exceptional performance.

While we are currently not actively recruiting for specific positions, we will consider creating a role for individuals with extraordinary qualifications and potential.

To apply for a position with Nereus, please send your Curriculum Vitae along with a cover letter to careers@nereuscap.com. A member of our team will be in touch with you should a suitable position be available.

Press

These articles represent the views of parties unaffiliated with Nereus. Nereus does not make any representation as to the accuracy of the information or opinions presented.