RSF Social Finance Invests $5 Million in Sunwealth — Sunwealth®
Summary
Sunwealth, a clean energy investment firm, is pleased to announce a $5 million loan from RSF Social Finance to support a portfolio of 26 community-based solar projects across five states. RSFs investment also supports Sunwealths Solar Access Program, which eliminates upfront costs to make solar power affordable to LMI communities.The 26-project portfolio totals 3.1 megawatts (MW) of clean energy that will deliver $5.8 million in lifetime energy savings to Sunwealth customers, reduce over 74,000 metric tons of carbon emissions, and create over 100 lifetime job years for local solar developers and installers. None A 247 kW rooftop solar project located at Pacific EcoRisk in Fairfield, Calif., developed in partnership with Solaris Energy. The company partners with local solar developers and installers to build projects that deliver solar access and long-term energy savings to customers including nonprofits, schools, municipalities, small businesses, affordable housing authorities and LMI households.RSF wants to address climate change in a way that not only protects the most vulnerable communities but also gives them a real share in the clean economy, said Michael Jones, vice president of lending business development at RSF Social Finance. Since 1984, RSF has made over $800 million in loans and grants supporting social enterprises in the areas of food and agriculture, education and the arts, and climate and the environment.