SunVest #2 Enlighten Furniture Decoration Co. Pte Ltd

SunVest #2: Crowd Fund a Solar PV Project in Singapore and get 7% returns

 

Following the success of our first SunVest (crowd funded) project, some of you may have heard about our second SunVest (crowd funding) project and to date, we have raised about more than 40% of the amount needed, which is S$270k.

 

For those who are interested to know more about this project, you can log onto to this link http://www.solarpvexchange.com/index.php/projects

 

Summary of the project:

  1. Issuer: Sunseap Leasing (Solar Developer for this project: For more info on Sunseap, https://sunseap.com/ )
  2. Project: A 142.59 kiloWatt-peak (kWp) system at Enlighten Furniture Decoration Co. Pte Ltd

Enlighten Sunvest

(Enlighten Furniture Decoration Pte Ltd)

  1. Target amount: S$270K
  2. Tenure: 1 year
  3. Interest: 7%
  4. Payment type: Bullet payment (principle and interest to be repayed upon maturity)
  5. Minimum investment amount: S$3,000
  6. Closing date: 23rd May 2016 2359hr

Help Sunseap and Enlighten crowd fund and build the solar PV system to reduce their carbon footprint while getting a 7% return after a year.

If you have any enquiries or would like to know more do not hesitate to drop us an email sunvest@solarpvex.com

 

 

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.

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!

SunVest: SIA Sports Club

Hi All!

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.

 

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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.

 

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SIA Sports Club is located at 726 Upper Changi Road East.

Click here to find out more or invest.