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:

 

Picture1

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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!

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.

Our first Solar deal done in Cambodia!

Our first Solar deal done in Cambodia. SolarPVExchange (Cambodia) will design and construct a 217kWp solar PV system for Spring CJW Development Pte Ltd latest property development, Axis Residences in Phnom Penh.

The solar system being installed at Axis Residences will allow residents to enjoy the use of the condo’s facilities, such as its huge indoor gym, 4 luxurious swimming pools, multi-purpose rooms, games room and lounge using clean sustainable solar energy to power them.

Axis Residences introduces green energy to the condo market in Cambodia

Happy Lunar New Year!!

Happy Lunar New Year to all! We hope you have been enjoying yourself over the long weekend, it’s the fifth day of Chinese New Year and we are happy to announce that one of our residential project have been completed! Here are some of the ‘in-progress’ photos 😉

solar panel sam 4


solar panel sam 2

And finally here is the completed roof (gaps are necessary for maintenance purpose)

solar panel sam 1

solar panel sam 3

If you intend to go Solar or have any enquiry/concern regarding installing a solar system , do drop us an email hereWe will respond to your email as soon as we can 😉

Happy Lundar New Year!
Happy Lunar New Year!

Lastly, this Sunday is everyone’s birthday (初七;人日) so happy birthday all! SolarPVExchange wishes every one a prosperous new year and may the year of Monkey bring you good health and fortune! Huat ah! ;D

New residential project signed!

Another residential just signed a 17.05kWp Solar PV system with us today! A bungalow located at central Singapore.

With the 17.05 kWp system installed, the residential owner could potentially save $367.90 per month ($4,414.84 per year) which is also equivalent to $88,296.72 in 20 years time! :)

Advantages of SolarPV System

Solar energy as we all know is a clean energy source, but did you know that you would be able to save money by installing the system?

The solar panels will generate electricity in the daytime. As most companies have higher electricity consumption in the day time, they will be able to completely maximize the power generated from the solar panels. This will reduce the amount of electricity consumed by the building therefore you would pay less for your electricity bill.

Commercial: Singapore Sports Hub (Photo: www.eco-business.com)
Commercial: Singapore Sports Hub (Photo: www.eco-business.com)

As for residential owners, their electricity consumption is generally lower during the daytime and higher during the night. For residential, the power that is generated during the day, will first be directed into the house for consumption (electrical appliances that are running throughout the day) Whatever electricity that is not consumed, will then be directed back into the grid. Singapore power will then buy that electricity and you will be able to offset your utility bill (which includes, electricity, water and gas bill).

Residential: Thomson Road
Residential: Thomson Road

This is a long-term investment that is definitely worth investing, you can save your pocket and at the same time save the earth! :)

If you have any enquires do not hesitate to contact us here.

Or come get a SunQuote from us now!

HAPPY 2016!!

Happy New Year everyone!! It’s 2016!!! Here’s a short update on the first day of 2016! SolarPVExchange have had a wonderful year during 2015 and we’re looking forward to 2016! As mentioned in one of the previous blogpost we will be starting a few projects in 2016.

This includes a 31.55kWp residential located at west side of Singapore, My First Skool at Fernview Link (11.1kWp), residential at Coronation Road (10kWp)

Yay to greener energy!
Yay to greener energy!

We also have a new member joining us in 2016! We will be keeping his identity a secret for now, but he will be appearing on our blog very soon! This new secret member will be having a lot of onscreen time on this blog so stay tune! 😀

Lets welcome the New Year with a greener Singapore! Get a quote from us here at SunQuote. :)

Once again SolarPVExchange wish you good health, happiness, and success in the coming year and always. Happy New Year!