Sunwealth® Celebrates Strong Initial Impact from 2017 Solar Installations
Clean energy investment firm positioned for growth in 2018
BOSTON–(BUSINESS WIRE)–Sunwealth,
the clean energy investment firm breaking down barriers to solar
investment in underserved markets, today released its 2017
Impact Report.
The firm’s financing of more than 30 solar installations in socially
diverse communities across 7 states in 2017 is a testament to its
ability to provide investors access to low-risk, turnkey opportunities
in the commercial and industrial (C&I) solar market. As showcased in the
report, Sunwealth’s 2017 solar installations will:
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mitigate approximately 2,400 metric tons of carbon in the first year
of operation – equivalent to saving nearly 270,000 gallons of gasoline; - yield close to $3.5 million in energy savings for power purchasers; and
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support 78 job years for skilled, green-collar positions through the
firm’s 49 locally-based partners.
“The findings in Sunwealth’s 2017 Impact Report are impressive and
underscore the company’s mission to provide clean energy to local
communities while stimulating job growth,” said Emily Reichert, CEO of
Greentown Labs, a Sunwealth project partner and the largest cleantech
incubator in the country. “Their innovative solar financing mechanism
enables more communities to access renewable energy.”
In 2017, Sunwealth also closed its 2017 Solar Impact Fund, moved its
headquarters to a new Davis Square location in Somerville,
Massachusetts, and earned the Green Business of the Year Award from the
Somerville Chamber of Commerce.
“Our focus remains on pursuing meaningful returns for our investors,
with projects that benefit a diverse range of communities through clean
power, carbon reduction, cost savings, and job creation,” said Jonathan
Abe, CEO at Sunwealth. “We are excited to further scale the model
underlying our unique approach, as our 2018 Solar Impact Fund will
benefit our investors and the communities our projects serve.”
This year, Sunwealth will embark on financing its first projects in
California, increasing its reach and impact from coast to coast. The
company will also welcome new senior staff to its team and advisory
members to its board.
To learn more about Sunwealth, the Solar Impact Fund, and investing in
the future of energy, please visit www.sunwealth.com.
About Sunwealth
Sunwealth (www.sunwealth.com)
is a pioneering clean energy firm that delivers a unique investment
model designed to expand access to commercial solar. The firm’s Solar
Impact Fund is comprised of projects that deliver abundant clean energy
to diverse communities and target market-rate return potential for
investors. The Fund allows participants to forecast the impact of their
investment from the beginning – and see that impact develop in real time
through transparent monitoring and measurement tools.
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
For Sunwealth
Alex DeBlois, 978-225-9253
[email protected]