SolarPVExchange’s Second Crowdfunded Renewable Energy Project Repays Investors’ Principal and Interest
24 May 2017, Singapore – SolarPVExchange, Asia Pacific’s biggest solar marketplace, has completed its second crowdfunded renewable energy project and repaid its investors in full. Investors who participated in the crowdfunding project also received a seven per cent per annum interest on their principal amount.
The project was completed in 2016 and this month, all investors were repaid the principal amount with interest for the one-year investment.
Under the agreement, Sunseap received the funds raised from SolarPVExchange and paid for the new solar energy system.
Mr Rob Khoo, SolarPVExchange’s Managing Director, said: “This is our second SunVest renewable energy project which we have successfully crowd funded and paid back our investors. We will continue to work closely with our investors, partners and the relevant authorities to ensure the viability of SunVest and also to further build the confidence of our investors and partners. Lastly we hope that we can contribute to the reduction of carbon footprint by searching for green renewable projects for crowd funding.”
SolarPVExchange is a leading Asia Pacific solar marketplace which provides building owners a platform to find the best offer for their solar PV installation by matchmaking them with the right solar installer. On top of that, SolarPVExchange also helps to crowdfund for energy-related projects (such as solar and energy efficiency projects) via SunVest, a user-friendly crowdfunding platform.
Sunseap Group is the leading clean energy provider in Singapore. Sunseap Group is the holding company for its 3 business units; Sunseap Leasing, Sunseap Energy, and Sunseap International. Sunseap Leasing is the market leader in Singapore specializing in rooftop solar solutions via its Solar Power Purchase Agreement (PPA). Sunseap Energy functions as the energy retailing arm of the group, with a key focus in offsite clean energy solutions utilising the group’s portfolio of distributed generation assets. Sunseap international replicates the Solar PPA model in regional and international territories.
SolarPVExchange Pte Ltd