EP 2: Helping India Decarbonize with Investments (Upto 12% IRR) | Digital Solar | SundayGrids

In this video podcast, we invited Mathew Samuel & Tarun Joseph who are the co-founders of SundayGrids, an innovative company which allows you to invest in commercial solar projects to offset your own electricity bills. SundayGrids is also backed by RainMatter (VC Firm by Zerodha)
In this podcast, we explore:
What is Digital Solar?
What is SundayGrids team trying to solve?
How does the overall investment cycle work?
What are PPA Agreements?
And so much more! We have done a detailed company profile on SundayGrids in our blog as well which can be accessed here: https://shorturl.at/koqxA

Mathew Samuel Linkedin Profile: https://shorturl.at/cqryL
Tarun Joseph Linkedin Profile: https://shorturl.at/auBY0
SundayGrids Website: https://www.sundaygrids.com/
ALT Investor Whatsapp Community: https://nas.io/the-alt-investor
ALT investor Blog: https://thealtinvestor.in

0:00 Introduction
1:20 Why the name SundayGrids?
3:00 Journey before and why SundayGrids?
8:43 What is Digital Solar?
9:50 How did you manage to get funded by RainMatter?
12:50 How do you select host partner to install commercial projects?
19:00 What is Power Purchase Agreement (PPA)?
20:00 What other due diligence is done on host partners?
22:55 What happens if host stops using solar power?
26:24 Are my returns dependent on weather?
28:12 How long is the investment for and can you exit mid-way?
30:20 Do you put your own capital when setting up projects?
33:54 Are the credits on electricity bill taxable and what is rough IRR?
37:40 Can you convert those credits to cash in bank?
38:55 What happens if credits are left at end of 15 years?
40:07 What happens if SundayGrids defaults?
43:33 What ALT Team invest in SundayGrids?
45:35 How does SundayGrids Team do their own investments?
48:20 Conclusion

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