SolarPVExchange is partnering with CoAssets to crowd fund for a solar project, which will be developed and owned by SunSeap Leasing P/L. The solar PV project is at the SIA Sports Club.
About the investment:
The tenure is 1 year with an interest of 7%, under a balloon repayment structure, whereby both principle and interest will be fully paid at the end of the tenure.
This investment is guaranteed by the founder of Sunseap.
This SunVest project is open for investment till 4th April 2016
About the Project:
Sunseap signed a 20 year solar leasing contract with the Singapore Airlines (SIA) Sports Club to install a 202.125 kiloWatt-peak (kWp) system on the building. The system became operational on the 18th February 2016. SIA Sports Club is owned by the Singapore Airlines and its various subsidiaries, and it is the first recreational club project in Sunseap’s portfolio. Sunseap in this project takes on the role of the engineering, procurement and construction (EPC) company, by taking care of various areas such as installation and maintenance. The system comprises of 825 panels from REC Solar, and 7 inverters from ABB. Under the solar leasing model, SIA Sports Club is able to achieve carbon reduction, and at the same time, reduce their electrical bills with a competitive tariff. The system will allow SIA Sports Club to save over 116 tonnes of CO2 annually.
SIA Sports Club is located at 726 Upper Changi Road East.
Click here to find out more or invest.