27 Sep '13, 7pm

Mosaic offers investment to fund 12.27 MW of distributed #solar at military base

California-based Mosaic Solar Investments LLC has launched a “crowd-sourced” investment program to fund a 12.27 MW distributed solar installation on Joint Base McGuire-Dix-Lakehurst, a combined U.S. Air Force, Army and Navy base in New Jersey. The installation is expected to involve 55,189 Long Energy photovoltaic panels with SMA inverters. The solar panels will be mounted on the rooftops of 547 homes, providing 30% of the electricity needs of the U.S. service members and their families on the base. The project is being financed through a partnership with CIT. Mosaic says investors in this project will be paid through a power purchase agreement with United Communities, the housing developer managing the project. Investors can expect a net return at a variable rate of the London Interbank Offered Rate (LIBOR) plus 2.25% annually for the first four years, rising to 1 month L...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

Tweets

My First Investment

thefinance.sg 06 Oct '13, 4am

My first investment was with an insurance firm, with $8,000 of my savings invested after some sales talk from a sales pers...

Fund It: Rent-to-Own Solar Light On SunFunder

Fund It: Rent-to-Own Solar Light On SunFunder

cleantechnica.com 29 Sep '13, 11pm

SunFunder dashboard: Shows progress on metrics like dollars invested, number of projects, energy saved, and number of peop...

#Solar to add more MW to global capacity than w...

solarindustrymag.com 26 Sep '13, 3pm

Bloomberg New Energy Finance (BNEF) predicts that 33.8 GW of new onshore wind farms, plus 1.7 GW of offshore wind, will be...