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Energea Unveils First Domestic Renewable Energy Portfolio

·2 min read

, July 13, 2021 /PRNewswire/ -- Energea Global LLC, a renewable energy investment manager, has announced the creation of "Solar in the U.S.A.," a retail investment portfolio that will enable shareholders, large and small, to invest in high-yielding solar projects located in the United States.

Energea Unveils First Domestic Renewable Energy Portfolio

Through this portfolio, investors will be able to acquire equity in two domestic solar projects, a 300 kilowatt power plant at West Elementary School in New Canaan, Conn., and a 540-kilowatt plant on an industrial roof in Waltham, Mass. Power generated at the elementary school is contractually sold to the town of New Canaan while Eversource Energy has signed a long-term purchase agreement to acquire the power generated by the Waltham project.

The New Canaan project is currently operational while the Waltham project will begin construction in August, said Mike Silvestrini, Energea's managing partner.

Additional renewable energy projects throughout the Northeast and Virginia are currently in the pipeline and will be folded into the portfolio as additional investors come forward, he said.

"This new portfolio is one of the only investment vehicles that offers investors concerned about global warming the opportunity to invest in and collectively own carbon-free energy generation projects that are located in the United States," Silvestrini said.

The Solar in the U.S.A. portfolio complements Energea's ultra-high-yielding (with an estimated yield of 16.5 percent) Brazilian portfolio and is available to any U.S. investor 18-years-of-age or older, he added. The minimum investment is $100 and can be directly initiated at the company's website, https://www.energea.com.

"We are hoping 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 helps reduce our carbon footprint and reverse climate change."

Energea is a renewable energy developer and portfolio manager that connects investors to premium projects in select global markets. The company manages capital from individual, corporate and institutional investors, and currently manages more than $100 million in renewable energy projects which generate more than 70 megawatts of carbon-free energy across three continents.

Over the past 15 years, the company's experienced leadership team has managed an array of solar energy projects worth more than $1 billion.

Energea has developed an online investment platform that makes investing in renewable energy accessible to any U.S. investor, unlocking a crucial source of capital to combat climate change.

To learn more visit https://www.energea.com

Energea logo (PRNewsfoto/Energea)
Energea logo (PRNewsfoto/Energea)

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SOURCE Energea