Hot Off the Panels

On June 9, 2021, Sunwealth Chief Development Officer Jess Brooks, CEO Jon Abe and Director of Capital Markets Darreck Mitchell hosted an Investor Update webinar for current and prospective investors. They provided an overview of Sunwealth’s activity to date, case studies of recently completed projects and glimpse of projects in our pipeline for the remainder of the year.

There’s an opportunity to invest in a just transition toward a sustainable future and a clean energy economy that promotes community resilience. Join Sunwealth CFO Omar Blayton and other environmental justice leaders and investors for a conversation about how climate solutions investments can have a social impact multiplier effect and how we can ensure that the clean energy economy doesn’t leave frontline communities behind.

Clean energy investment firm Sunwealth today announced a $2.9 million loan from Calvert Impact Capital to support Sunwealth’s solar access work. Sunwealth will use Calvert Impact Capital’s financing, together with $4.3 million in tax equity investment from private investors, to support 18 community-based solar projects across 5 states.

Sunwealth is building a series of solar projects, totaling 186 kW, on the rooftops of 12 affordable multifamily apartment buildings in the Greater Boston area that are owned by nonprofit affordable housing and services provider, Caritas Communities.

Today, the New York City Housing Authority (NYCHA) announced substantial completion of 1.8 megawatts of rooftop solar arrays on 27 buildings across Queensbridge North and Queensbridge South Houses, the largest public housing project in the country. A solar developer team led by Bright Power, Sol Purpose, and Sunwealth Power worked with the Authority to design, install, and maintain the solar systems.

Solar Builder Magazine published an article highlighting Sunwealth’s project at Blue Army Shrine in Franklin Township, NJ. The 68kW system, completed in partnership with Citrine Power and Pfister Energy, is one of the first projects to be approved under New Jersey’s Community Solar Pilot Program.

Twelve newly trained solar installers are placing panels on New York City Housing Authority developments to provide clean power at discounted rates for low- and moderate-income subscribers. These workers, who are NYCHA residents from across the city, are currently atop roofs at Glenwood Houses, in the Flatlands area of Brooklyn.