July 14, 2021
Renewable energy investment manager Energea Global LLC has created a retail investment portfolio for shareholders to invest in solar projects located in the United States. Through this portfolio, “Solar in the USA”, investors will be able to acquire equity in two national solar projects, a 300 kW power plant at West Elementary School in New Canaan, Connecticut, and a 540 kW plant on a industrial site. rooftop in Waltham, Mass. They are now available on its online investment platform.
The electricity produced at the elementary school is contractually sold to the city of New Canaan while Eversource Energy has signed a long-term purchase agreement to acquire the electricity produced by the Waltham project. The New Canaan Project is currently operational while construction on the Waltham Project will begin in August, said Mike Silvestrini, Managing Partner of Energea.
Other renewable energy projects in the Northeast and Virginia are currently in the works and will be added to the portfolio as other investors come forward, according to the company.
“This new portfolio is one of the only investment vehicles that offers investors concerned about global warming the opportunity to collectively invest and own carbon-free power generation projects located in the United States,” said Silvestrini.
Energea is a renewable energy developer and portfolio manager that connects investors with high-end projects in select global markets. The company manages the capital of individual, corporate and institutional investors, and currently manages more than $ 100 million in renewable energy projects that generate more than 70 megawatts of carbon-free energy on three continents. Over the past 15 years, the company’s experienced management team has managed an array of solar power projects valued at over $ 1 billion.
The Solar in the USA portfolio complements the Brazilian very high yield portfolio (with an estimated return of 16.5%) of Energea and is accessible to any American investor aged 18 or over. The minimum investment is $ 100 and can be initiated directly on the company’s website.
“We hope the investment community embraces this new product as a win-win – a high-quality, high-yield investment that not only offers a much higher ROI than your typical 401-K or IRA, but also contributes to reduce our carbon footprint. and reverse climate change, ”says Silvestrini.
Tags: development, Energea Global