BOSTON--(BUSINESS WIRE)--Sunwealth, the innovative clean energy investment firm delivering market-rate returns and wider-reaching social and environmental impact, today announced the completion of the World Learning School for International Training (SIT) solar project installation.
The 196.5 kW project, located on World Learning’s SIT Brattleboro, Vermont campus, will help the national non-governmental organization achieve $10,000 in energy savings per year. The project will also mitigate 183 metric tons of carbon in the first year of operation and produce approximately 260,200 kWh of renewable energy annually – equal to burning 211,866 pounds of coal per year.
“We have always been interested in renewables, but they can be cost prohibitive for organizations like ours,” said Kote Lomidze, Chief Financial Officer at World Learning. “Partnering with Sunwealth has given us access to an energy source that has been out of reach until now.”
Commercial solar development has traditionally been overlooked by banks and other financial institutions in favor of residential and utility-scale projects for two primary reasons: the lack of a credit rating system and the size of the projects.
Sunwealth’s proprietary underwriting process, however, ensures the credit worthiness of its commercial clients. In addition, Sunwealth’s approach minimizes transaction costs and provides investors with an attractive return potential and the opportunity to make a positive impact.
“The World Learning project represents what we envisioned when launching Sunwealth,” said Jonathan Abe, Chief Executive Officer at Sunwealth. “It’s incredible to see how World Learning is putting its energy savings to work furthering the organization’s mission.”
Solar Design Associates, Inc. an Ayer, Massachusetts engineering firm, and Dynamic Organics, LLC a renewable energy developer located in Putney, Vermont, designed and constructed the World Learning solar project. “As a local developer, we understand how every installation affects our community,” said Morgan Casella, Managing Partner at Dynamic Organics. “We’re proud to be part of a project team that helps create a more resilient economy right in our backyard.”
The World Learning project will begin testing operations in November 2017.
To learn more about Sunwealth, the Solar Impact Fund, and investing in the future of energy, please visit www.sunwealth.com.
Sunwealth (www.sunwealth.com) is a pioneering clean energy firm that delivers a unique investment model designed to expand access to commercial solar. The firm’s Solar Impact Fund is comprised of projects that deliver abundant clean energy to diverse communities and target market-rate return potential for investors. The Fund allows participants to forecast the impact of their investment from the beginning – and see that impact develop in real time through transparent monitoring and measurement tools.
About World Learning Inc.
World Learning Inc. (www.worldlearninginc.org) is distinct among our competitors as both an accredited academic institution and a global nonprofit. The World Learning Inc. family includes the School for International Training (SIT), offering accredited undergraduate study abroad programs through SIT Study Abroad, and globally focused master’s degrees through SIT Graduate Institute; The Experiment in International Living, the nation’s most experienced and respected provider of international education and experiential learning for high school students; and World Learning, a global nonprofit working to empower people and strengthen institutions through global education, sustainable development, and exchange programs.
Under no circumstances is the information contained herein to be considered an offer to sell or as a solicitation of an offer to buy any financial product. Investments are offered only via definitive transaction documents and any potential investor should read such documents carefully, including all the risk factors relating to the investment, before investing.
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