You are purchasing equity in xxxxxxxxxx-managed renewable energy portfolios, not xxxxxxxxxx itself.
Purchasing equity shares in a Delaware-based company is what portfolio investing entails. This organization was created specifically to own the portfolio’s renewable energy projects. When the projects start up, they generate electricity, generate income, and cover operating costs. 100% of the residual funds are returned to the entity each month and pro rata divided to the shareholders.
In our capacity as investment managers, xxxxxxxxxx will occasionally employ a range of financial instruments to optimize profits while lowering investor risk. Over time, xxxxxxxxxx can expand portfolios with new projects or sell off current ones in response to shifting market conditions. You are entitled to future cash if you invest today.An investment made now gives you the right to receive future cash flows from all of the portfolio’s ongoing projects as well as any new ones that xxxxxxxxxx may add down the road.
Investing with xxxxxxxxxx entails buying stock in a carefully curated portfolio of renewable energy initiatives. Here is a detailed guide to help you comprehend the procedure:
No, traditional stock is not available at xxxxxxxxxx. As an alternative, we offer Regulation A solutions that let you make direct investments in renewable energy projects.
Real, profitable renewable energy project portfolios are available for investment, giving you direct ownership and steady income flows.
Our investments provide equity in certain renewable energy projects, which has a real influence on the environment and your portfolio, in contrast to equities, which reflect ownership in a company.
As long as the investor resides in the United States and has a social security number issued by the United States, xxxxxxxxxx is open to both accredited and non-accredited investors. Businesses and trusts can also invest with xxxxxxxxxx, provided that the administrator of the business or trust account has a physical location in the US and a valid social security number issued by the US government. Sole proprietorships, unincorporated associations, trusts, corporations, non-profits, LLCs, partnerships, limited partnerships, and limited liability partnerships are among the business formats that we support.
The Regulation A+ (Reg. A+) framework, which is an exemption from registration for public offerings granted by Title IV of the JOBS Act, governs our investment structure. This makes it possible for private businesses like xxxxxxxxxx to raise up to $75 million annually from the general population. Reg. A+ permits businesses to issue shares to the general public, in contrast to typical offerings that are restricted to accredited investors. Before making a public offering, xxxxxxxxxx prepares an Offering Circular in accordance with Reg. A+, which is carefully examined and approved by the Securities and Exchange Commission (SEC). This crucial document guarantees our compliance with Reg. A+ requirements and is accessible in the “Documents” section under each “Investment” on the xxxxxxxxxx Platform. xxxxxxxxxx satisfies additional filing requirements in addition to the Offering Circular and regulatory guidelines established by the SEC, preserving openness and safeguarding the interests of investors. These extensive steps allow for greater public involvement in our renewable energy investment prospects while reaffirming our dedication to regulatory compliance.
Dividends are paid out by xxxxxxxxxx once a month. For each matching investment, the payout is made within the final ten days of the month.
xxxxxxxxxx investments are not registered with the SEC in the usual sense but are qualified under Regulation A+ Tier 2. Like registered offerings, this qualification process provides investors with a high degree of security and transparency.
You will be entitled to start receiving monthly dividends as soon as your investment transfer has been successfully completed. For every investment, these dividends are paid out in the final ten days of every month. Expect your first dividend in the following month if your investment is made after the dividend payment for that particular month. It’s crucial to remember that there is a required 60-day hold period before dividends can be withdrawn, even though eligibility for them is instant. The ACH network’s regulations, which permit transfer disputes for up to 60 days, prompted this approach. This hold period is intended to protect us and our investors against future disagreements over the original investment after dividend collection.
A “fee and carry” fee system is used by xxxxxxxxxx. Every operational project in a portfolio is subject to a 2% yearly management fee, or 0.167% monthly. Our charge is calculated from the entire project expenses related only to operational, cash-flowing assets, as opposed to traditional fee models that compute based on the total assets under management. This strategy guarantees that our managers’ incentives are in line with projects that quickly go to a cash-flowing state.
After a 6% IRR (Internal Rate of Return) is achieved for our “Solar in the USA” investment, xxxxxxxxxx charges an extra 20% carried interest fee on all cash flows. However, after reaching a 7% IRR for our projects, “Solarize South Africa” and “Community Solar in Brazil” both apply a 30% carried interest.
In the event that no dividend is paid out for a given month, we do not impose any costs.
Please be aware that all returns listed on the xxxxxxxxxx platform, whether actual or anticipated, already include all associated costs. Refer to the Offering Circular for the specific investment for comprehensive details on fee schedules.
We use a goal-seeking approach that meets the following equation to calculate the share price of a portfolio:
rIRR = pIRR
This is a summary:
Realized IRR of all portfolio investors is referred to as rIRR.
“x” stands for the Projected Lifetime IRR, or pIRR, of a new $1 investment at the specified share price.
For the calculation of rIRR:
We make use of every cash flow event that has occurred in the portfolio thus far, such as share sales, dividends, and investments. In order to account for all shares that are currently owned at the share price “x,” we also account for an additional sale event. Since it records the net present value of all shares that are still in circulation, this extra event is crucial.
For the calculation of pIRR:
First, assuming that all outstanding shares are immediately purchased, we determine the equity percentage that a $1 investment would fetch at share price “x.” This is the worst-case dilution situation for this $1 investment and is a prudent approach. Importantly, the number of shares used in this calculation is not fixed. The “total number of shares” is determined by dividing the “share price x” by the “total remaining capital needed to meet portfolio costs.” Then, using the forecasted distributions in our financial model, we compute the IRR using all anticipated future cashflows (after subtracting fees) to which this $1 equity position would be entitled.
xxxxxxxxxx offers stock to investors in accordance with SEC Regulation D 506(b) and Regulation A+. Non-accredited investors are permitted to join under both rules. We choose this structure because we think that investing in renewable energy should be accessible to EVERYONE. However, the SEC restricts non-accredited investors to no more than a) 10% of their net worth or b) 10% of their yearly income in order to prevent them from investing money they might need. Although $100 is our typical minimum investment amount, other portfolios may have lower or higher minimums.
xxxxxxxxxx’s headquarters are in Chester, Connecticut, in the United States. Despite having our headquarters in the United States, we are a vibrant and international investment platform that actively manages investments in a number of nations, including South Africa and Brazil. Our global reach enables us to diversify our holdings and provide our clients with exceptional investment options in the solar energy industry.
In order to investigate and invest in renewable energy assets in developing countries, our founders, Chris Sattler and Mike Silvestrini, created xxxxxxxxxx Global LLC in 2017 as a research and development organization. Our online investing platform, xxxxxxxxxx.com, was launched in June 2020 as the result of the shift to a wider scope. With this important milestone, we consider this year to be the official start of xxxxxxxxxx as we know it today, broadening our goal to support international investment in sustainable energy.
Chris Sattler and Mike Silvestrini founded xxxxxxxxxx. All of the company’s capital to date has come from the founders or board members, and current and former xxxxxxxxxx employees and board members still hold 100% of the business. Additionally, xxxxxxxxxx takes pride in its debt-free status.
No papers are excluded from an investor’s due diligence assessment as part of xxxxxxxxxx’s efforts to be as open and honest as possible with all investors. All investors should read the Offering Circular “cover to cover” as it provides a detailed explanation of the potential and hazards associated with each portfolio. Investors should conduct additional due diligence on the projects that make up the portfolio after they have a thorough understanding of the terms and circumstances of the investment itself. Each portfolio’s Investment Documents section contains a Project Memo that provides a summary of each project. The purpose of project videos is to assist investors in visualizing the appearance, location, and operation of the projects.
Please send an email to invest@xxxxxxxxxx.com to study other project documents, such as the customer contract, the engineering, procurement, and construction contract, or the operations and maintenance contract. To safeguard xxxxxxxxxx’s and our customers’ property and information rights, you will be required to sign a non-disclosure and non-compete agreement before you can view other documents.
We will be pleased to arrange a meeting with you if you would like to see a demonstration of our project models or portfolio.
Every year by January 31st, tax paperwork will be uploaded to each user’s Tax Center.
For every portfolio in which you had equity and received dividends during the tax year, you will receive a single 1099-DIV. You would also receive a form 1099-B to reflect any capital gains or losses on any shares you sold during a specific tax year.
Certain investors will not receive tax records because they are exempt from 1099s. You will not receive a 1099 if you are investing through an IRA, as a company, or if your portfolio payouts for the tax year total less than $10.
A portfolio posts a profit or loss for the tax year when its books close each year. As per the IRS, taxable dividends can only be paid out if a “LLC treated as a corporation” makes money. This is how the portfolios are categorized. The remaining distributions are reported as nondividend distributions in Box 3 of your 1099-DIV if the portfolio’s annual profit or loss is less than the total distributions, as is frequently the case. These dividends are reported as a return of capital (deducted from your basis) and are not subject to taxes. Your basis is what determines the capital gains or losses realized by the sale of your shares when you sell them or are bought out at the conclusion of a portfolio’s lifecycle.
For instance, within a single tax year, Investor A purchases 100 shares for $100, receives $10 in dividend and $10 in nondividend payouts, and then sells their investment for $100. When they sell their $90 basis for $100, they enjoy a $10 capital gain since the nondividend distributions cause their basis to drop to $90. For that tax year, this investor would pay $10 in capital gains taxes and $10 in dividend distribution taxes.
Yes, provided that you held any shares in an xxxxxxxxxx investment throughout the tax year. Since you still own the stocks from prior years, this also includes investments made in those years. By February 28th of each year, we will transmit a link to the tax documents to all investors who must file taxes. We do not send 1099s to certain investors who are exempt from filing with the IRS. Please be aware that the date on which your funds were successfully sent for an investment is the date we count the investment. As a result, investments made in the final days of the year might be carried over to the next tax year.
The value for the “1-d Proceeds” section on your 1099-B is 0 if it is absent. This may occur when investors must report a capital loss for the remaining basis in a portfolio after it has closed down. The entire amount in box “1e Cost or other basis” may be regarded as a capital loss because the portfolio records these as a $0 repurchase of your shares.
If your total payouts for the year are less than $10, you are exempt from filing taxes on distributions, per IRS regulations. Additionally, IRA investors are exempt from filing taxes unless they take money out of their account, in which case the IRA custodian will supply the requisite tax returns. Additionally, corporations are immune from obtaining Form 1099s, as they are already subject to severe state and federal reporting obligations.
Investors who are eligible for any of the aforementioned exemptions are not given 1099-DIVs by us. By signing in and going to the Tax Center, you may locate all of your tax records.
The Foreign Corrupt Practices Act of 1977 and the Performance Standards on Environmental and Social Sustainability issued by the International Finance Corporation (“IFC”), the World Bank’s commercial arm, are respected and strictly followed by xxxxxxxxxx. Without exception, xxxxxxxxxx declines to be involved in any project that is not created, built, and run in accordance with these guidelines.
There are one or more Single Purpose Entities (“SPE”) owned by each Delaware Issuer entity. One renewable energy project is owned by each SPE. Additionally, the SPE has its headquarters in the nation where the project is located. All of them pay the taxes imposed on the project in their respective nations and are limited liability businesses. All foreign taxes have been paid before investor distributions are issued, and if a trade agreement exists between the project’s home country and the United States, you might be eligible for tax credits or depreciation benefits due to the foreign country’s tax laws. Your 1099-DIV, which is sent to you in February of every year, will detail the ultimate tax impact of any foreign taxes you have paid.
You can click the “Forgot Password?” option on the Login Page if you can’t remember your password. An email containing instructions on how to modify your password will then be sent to you. Multi-factor authentication won’t be reset or disabled as a result.
Indeed. Beneficiaries can be added, removed, or edited in your profile settings. One primary beneficiary and an arbitrary number of contingent beneficiaries may be named. The person or organization assigned to inherit all of your xxxxxxxxxx assets is known as the primary beneficiary. Any chosen dependent (non-primary) beneficiaries will receive an equal share of your xxxxxxxxxx assets in the event that the primary beneficiary is unable to inherit them.
Using the chat icon located in the bottom right corner of each webpage, you can get in touch with an xxxxxxxxxx representative at any time. Additionally, you can email us at info@xxxxxxxxxx.com or click the “book a call button” at the top of the page to schedule a meeting with our Investor Relations team. We urge investors to schedule meetings so they may talk with a knowledgeable expert in renewable energy. Complete openness and high-quality investor services are our goals. We look forward to meeting with you today to discuss your concerns, answer your questions, and show you the fascinating possibilities of investing in renewable energy.
Within our network, the xxxxxxxxxx wallet serves as a holding account for USD funds and streamlines the investor payment process. Every month, xxxxxxxxxx transfers dividends to each investor’s wallet account, from which they can withdraw or reinvest all or a portion of the amount.
After logging in to xxxxxxxxxx.com, you may access the wallet from the user menu in the upper right corner.
Create an account first. Second, investigate our many renewable energy investment portfolios to see which ones best fit your needs. Do not hesitate to schedule a meeting with one of our renewable energy specialists if you have any questions. Make sure you have read the Offering Circular, select the investment amount and finance source from the drop-down box, click “invest” if you are comfortable with a portfolio, and then review and sign the Subscription Agreement. Once you click “finish” and sign the Subscription Agreement, you are officially the owner of shares in a renewable energy project portfolio.
Indeed. You will be given the option to automatically reinvest your dividends when you make an investment. On your dashboard, you may also toggle this on or off for each of your investments. You must sign an auto-reinvestment agreement the first time you turn it on, after which you can turn it on and off.
When dividends are received, auto-reinvesting will automatically buy fresh stock. Only the portfolio from which the dividends were produced will get them.
Click on your picture in the upper right corner of any platform page to modify your password. Choose “settings” from the menu’s drop-down menu. After that, choose “security” and modify your password.
All money transfers on our platform are managed by Dwolla, our payments partner. They securely encrypt and store all bank-related data in addition to facilitating the safe movement of payments and providing our investors with an extra degree of identity protection.
The Automated Clearing House network (ACH), which banks utilize to transfer money, typically takes three to four business days to complete a transaction at a bank or credit union. Please be aware that transfers that take place on weekends or holidays take longer to finish.
Transactions to and from a credit union or bank can occasionally go wrong. Transaction failure can occur for the following reasons:
Insufficient funds: The sending bank or credit union account does not have enough money to finish the transaction.
Account frozen: An account at a bank or credit union has been placed on hold.
Other explanations For some other reason, a bank or credit union declines the transaction.
Please get in touch with your bank or credit union to inquire about the status of your account if a transaction fails. Then, you can either contact your financial institution why the transaction might not be processed or try again.
To confirm a user’s identity, we occasionally need more proof. Most frequently, this happens when you submit inaccurate personal information into your account or when your social security number is linked to several other identities in online databases.
If we request a picture ID:
To confirm your identity, more details are required. Please attach one of the identity documents listed below:
A valid, state-issued driver’s license or identification card that hasn’t expired OR
A valid U.S. passport that hasn’t expired
If a bank statement is requested:
To confirm that you are an authorized signer on your linked bank or credit union account, more details are required. A copy of a recent statement should be uploaded.
Processing periods for transfers vary according to the type of transfer:
investment financed by a bank (3–4 business days)
xxxxxxxxxx wallet investment (1-2 business days)
Bank account withdrawals from the xxxxxxxxxx wallet (1-2 business days)
Please be aware that while ACH transfers are processing, they could not show up on your bank statements.
Dwolla keeps up adherence to the SOC 2 framework. This framework offers a third-party, independent guarantee that we are taking the right precautions to safeguard your data and our systems.
End-to-end encryption is used for all data sent to and from the xxxxxxxxxx platform. To guarantee that your data is never at risk either in transit or at rest, we encrypt all stored data in our secure databases and employ robust browser encryption (TLS version 1.2).
Additionally, our website never stores or even receives bank authorization data, such as your bank username and password. For bank permission, we rely on Plaid, our partner.
xxxxxxxxxx can access the profile information you enter on our platform internally to help with customer support, however we hide sensitive information like Social Security numbers.
We provide both Roth and Traditional IRAs.
Indeed. Before transferring your current retirement account monies to your new account, you must first open an xxxxxxxxxx IRA. Please be aware that we are only able to transfer funds from one “type” of retirement account to another (for example, an existing Roth IRA account can only be transferred into a new Roth IRA). It’s also crucial to remember that transferring money out of your account may incur fees from your prior supplier.
There are yearly caps on contributions to an IRA set by the IRS. Contributions to an IRA for the tax year 2023 must be greater than $6,500 ($7,500 if you are 50 years of age or older) or your taxable income for the year. Contributions for the 2024 tax year cannot be greater than your taxable compensation for the year or $7,000 ($8,000 if you are 50 years of age or older). It’s crucial to remember that this annual contribution cap is applicable to all of your IRAs.
Assets in individual retirement accounts created via the xxxxxxxxxx platform are held in custody by Inspira Financial, formerly known as Millennium Trust Company.
To keep all xxxxxxxxxx investments in your Traditional or Roth IRA, our chosen IRA custodian, Inspira Financial (previously Millennium Trust Company), charges a one-time yearly fee of $150.