First Successful SunVest (Crowd Funding) Solar PV System (April 2016)

In April 2016, we at SolarPVExchange, together with our crowd funding partner CoAssets (Southeast Asia’s first public listed crowdfunding site with offices in Singapore, Australia, Malaysia, China and Indonesia) successfully crowd-funded (which we like to call SunVest’ed) for the first ever Solar PV project in Singapore.

 

In fact, in less than a month, we managed to crowd fund more than the target amount of S$300k needed for the Solar PV system under Sunseap Leasing Pte Ltd.

This marked the first successful crowd funding campaign for a solar PV project in Asia (and possibly in the world).

 

About the project:

 

The system has a 202.125 KiloWatt-peak capacity and is built on an existing roof.

 

It all started on March 4thwhen we launched the crowd funding campaign online and the target was to raise S$300k in a month.

 

The premise was simple: invest in the project for one year and receive 7% interest on the amount invested, where the principle and interest are repaid to the individual’s bank account upon maturity.

 

In less than 3 weeks, we managed to raise 47% of the amount needed and that was primarily because investors were all trying to understand how it works and that took a bit of explanation (and some TLC from our SunVest consultants) to the potential investors. We’d like to take this opportunity to thank those of you for your time to make the journey to see us at our office and to talk to us.

 

So there was still a balance of 53% (or more than S$150k) to raise in the final week of this SunVest round and we were getting kind of nervous, to be honest.

 

Well, I guess, like the saying goes, if you have a good product, the customer will come, and true enough, by April 1st (2 days before the closing date), we managed to fully SunVest  (crowd fund) the project and hit our S$300k target with investors coming fast and furious.

 

In fact, in the final 2 days, we had many investors who came with investment and also enquiries and resulted in the project being Over Funded. Some made it in time while some didn’t, though we assured them that we will inform them as soon as possible once the next SunVest project is up.

 

Anyway, we achieved our target and successfully SunVest’ed (crowd funded) the first Solar PV project in Asia and this was all due to the help of our investors and partners. Many thanks.

 

We also took some time to speak to one of our investor, Mr Yeo on what he thinks about our SunVest, crowd funding for solar PV project.

 

SPVX:               Why did you decide to invest with us?

 

Mr Yeo:           A friend recommended this SunVest project to me. The investment had a pretty good return rate of 7% and the risk in the investment was rather low.

Also, this was a perfect opportunity to invest in a project, which allows me to achieve relatively good returns while helping to save the earth.

 

SPVX:               Do you feel the investment is safe/secure?

 

Mr Yeo:           Yes, I did research on the company and found it as a well-established solar firm with many big investors behind it, thus the risk of defaulting was low.

 

SPVX:               Besides this, we are sure you have other investments, could you share with us?

 

Mr Yeo:           Yes, I also have an investment plan and dabble in some other stocks/shares.

 

SPVX:               Thanks Mr Yeo.

 

About the Solar PV project:

 

Now, for those of you who have invested in the project, we have photos of the solar PV system that was installed on the premises for your viewing pleasure:

 

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Well, there you have it, Singapore’s first crowd funded Solar PV project.

 

There will be lots to come and if you’d like to be part of the green revolution and be informed of future SunVest projects, do register here as an investor: http://solarpvexchange.com/index.php/investor/registration

 

 

Next, our latest SunVest Project:                     

 

Good news! Following up on the success of our 1st SunVest Project, we have another SunVest project for crowd funding and is done in collaboration with CoAssets.

 

About the Project:

 

Sunseap recently signed a deal with Enlighten Furniture Decoration Co. Pte Ltd to supply its 3 Loyang Way 6 facility with clean energy over a period of 20 years. Sunseap will install a 142.59 kiloWatt-peak (kWp) system at the facility, and enable Enlighten Furniture Decoration Co. Pte Ltd to save over 82 tonnes of CO2 annually.

 

The amount to be raised is S$270,000 and it is a 1-year tenure with an annual interest of 7%, with a balloon payment structure where the principle is repaid together with the interest upon the maturity date. Minimum investment amount starts at a minimum of S$3,000 per investor.

 

SunVest for this solar PV project will start officially online on  4th May 2016 & End Date is on 24th May 2016 (2359H)

 

Invest now?

 

For all of you (SolarPVExchange’s investors and subscribers), you can pre-register your interest and pre-book your investment by emailing your name, contact and investment amount to sunvest@solarpvex.com

 

Help the world go green by SunVesting in Green Sustainable Projects.

New hire purchase scheme for residential projects!

Imagine (potentially) saving $7k (or more) per year, or more than $160k over 20 years on your electrician bill just by installing a solar pv system on your house. Well that’s what exactly will be happening to one residential who has just signed up for a solar pv system for his new home.

Located in the west of Singapore, this residential project of 29.92kWp (system size) consists of 95 panels which covers 190 square meters of his roof.

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With this new solar PV system, the total energy will generate about 37,149.34kWh/year and 676,463.62kWh over 20 years. When converted to savings, he will save approximately $7,028.66 in a year and $162,128.78 in 20 years!

Not only that, he will also reduce his carbon footprint by 16 tonnes of CO2 and in 20 years it would be a whopping 292 tonnes of CO2. Not bad we must say.

Anyway, here’s a piece of good news for those of interest in going solar. We are currently offering a one year hire purchase scheme for your solar PV system so that you don’t have to fork out one huge sum but pay via interest free instalment over 12 months. Sign up with us now as an initiator and we will be in touch shortly.

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And now we end off the post with a photo of our happy client! :) Ciao!

SunVest: SIA Sports Club (Extended)

Dear friends, investors and partners, as some of you might know, last week, our SunVest (crowd funding) project – SIA club was fully funded with a target amount of S$300k. In fact the project was overfunded and it was all thanks to you, especially those who invested or helped spread the word.

 

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For those of you who are not sure what this SunVest project is. Here’s a quick summary, the target amount to crowd fund was S$300k, and it is a 1 year (12 months) tenure with an interest of 7%. The repayment will be a balloon repayment structure, whereby both principle and interest will be fully paid upon maturity date. Minimum investment amount for this project is $3,000 SGD. For more information you can head down here.

 

We are currently discussing on another SunVest (crowd funding project and if you wish to be notified on any future projects, do kindly register on our website as an investor here or follow us on our facebook

 

For any enquiries, feel free to drop us an email here and we will get back to you ASAP!

Solar 101 + SunVest

Solar 101 course (March 17-18)

On March 17 and 18, we conducted our Solar101 course (2 days) at the SEAS (Sustainable Energy Association of Singapore) training room. It was a full turnout with attendees coming from business owners, to government agencies and professionals who wish to join the solar industry. Apart from the class syllabus, our trainer also shared his personal experiences and knowledge from all the various interesting projects he has done.

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It was an intensive 2 days given that many of the attendees came with loads of questions on solar PV installation and how it will save or earn them money while providing energy to their building. If you are interested in attending the next solar 101, do email us at enquiries@solarpvex.com.

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SunVest – solar crowd funding campaign, target S$300k with a 7% interest and 1 year tenure (4 March – 3rd April)

On 4th of March 2016, we launched our crowdfunding project along side with CoAssets. The crowdfunding was for SIA Sports Club solar PV project and it’s a one-year tenure with 7% interest. It is a balloon structured payment scheme whereby the principle amount and the interest will be repaid to the investor in full at the end of the one-year tenure.

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This campaign will be closing on 3rd April 2359h and we are proud to announce that we have successfully raised $370k (more than the $300k target) with 238 investors taking part. Many thank to all our investors and partners for making this a success.

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For those who are interested in investing in clean energy projects, do keep a look out on our Facebook or alternatively you can sign up as an investor here and subscribe to get notifications on new SunVest projects.

 

*Psst we will be having another SunVest project coming up next month, so sign up as an investor via the link above.