Sunwealth™ Announces First Closing of Solar Impact Fund

Fund offers modern investing approach with quantifiable environmental
and social impact

BOSTON–(BUSINESS WIRE)–Sunwealth,
an innovative clean energy investment firm bringing commercial solar to
scale, today announced the first tranche closing of its Solar Impact
Fund. The Fund offers investors two compelling ways to invest – via tax
equity or a bond offering – in the vastly untapped commercial solar
asset class.

Sunwealth seeks to create wider-reaching social and environmental impact
– without sacrificing financial return – by combining commercial solar
projects for credit-worthy businesses, municipalities, and non-profit
organizations into a single investment vehicle.

The first tranche is comprised of six projects providing renewable solar
energy to fire departments, schools, and businesses in New York and New
England, including Sika Sarnafil’s U.S. headquarters in Canton,
Massachusetts and the Montessori School of Northampton, Massachusetts.
All six projects were recently placed in service, and to date the Solar
Impact Fund has exceeded performance expectations.

The second tranche, with a bond offering of $1.5M and tax equity
offering of $1M, will include nine additional projects to build on the
Solar Impact Fund’s initial success.

“Commercial solar is built on proven technology, high technical
potential, and is a driving force in the decentralization,
de-carbonization, and democratization of our energy grid,” said Jonathan
Abe, Chief Executive Officer at Sunwealth. “The Solar Impact Fund
provides investors with a simple, transparent, and predictable
investment. They know which projects they are funding and can track the
measurable impact they are delivering.”

The Fund’s first two tranches will produce more than 1,691 metric tons
of carbon offsets per annum, over $2,115,000 in energy savings for power
purchasers, and generate more than 50 job years for sophisticated
positions among locally-based solar firms.

Sunwealth invests alongside its investors by owning and operating each
project within the Solar Impact Fund. The firm’s technology-driven
insight paired with a proprietary underwriting process identifies
high-performing projects that can generate meaningful financial returns.
The standardized and pooled-project approach dramatically reduces
transaction costs and gives investors access to a diverse set of
projects that combat climate change and strengthen communities through
job creation and access to clean energy.

To learn more about Sunwealth, the Solar Impact Fund, and investing in
the future of energy, please visit www.sunwealth.com.

About Sunwealth

Sunwealth Power LLC is a pioneering clean energy firm aiming to unleash
the power of commercial solar by delivering meaningful returns and
tangible impact to its growing community of investors. Sunwealth’s
proprietary methodology identifies high-performing, high-impact
projects, and its Solar Impact Fund allows for rapid scaling of
commercial solar investment, giving investors the unique opportunity to
invest directly into a diversified pool of solar assets – generating
returns and clean energy faster. Visit www.sunwealth.com.

Under no circumstances is the information contained herein to be
considered an offer to sell or as a solicitation of an offer to buy any
financial product. Investments are offered only via definitive
transaction documents and any potential investor should read such
documents carefully, including all the risk factors relating to the
investment, before investing.

Contacts

Longview Strategies
Alex DeBlois, 978-225-9253
[email protected]