Yesterday (Oct. 9) Wunder, a Boulder, Col.-based company launched a new type of solar fund that makes it easier for investors to well, invest in solar power. The company promises investors a 7 percent annual return.
Under the company’s plan accredited investors (people whose worth is more than $1 million and have annual incomes of more than $200,000 in the U.S.) can create a portfolio of revenue-generating solar assets. They can reserve a spot in the fund, which guarantees them access to its deal flow, which includes projects from more than 50 solar installers at this point. Investors can choose which projects to invest in on a per-project basis.
Most solar projects, particularly the giant ones are supported by huge investors like banks or companies like Google. It’s been harder for smaller investors to join in. Wunder’s offering makes it easier. There are some other opportunities, like Solar Mosaic, for people to invest in but they’re also limited. However, companies like Wunder will help make it easier for people to get into the solar game. It helps bridge the gap between corporate investing and personal investing in solar power.
“We know that investing in solar can provide strong returns, but most opportunities are only accessible to big investment institutions and corporations,” said Bryan Birsic, co-founder and CEO of Wunder. “We set out to change that—to provide individual accredited investors with easy access to solar projects. The Wunder Fund is like nothing else on the market. For the first time ever, any investor can earn strong diversified returns while having a positive impact on our energy future.”
Already the fund is proving popular. It launched Oct. 7 and already investors have invested more than $535,300 into Wunder’s initial $1 million fund.
The company got its launch at the Boulder Techstars Demo Day. Part of the Techstars incubation program. The company said it is also the first solar company to receive investment from the program.Tweet