Mosaic, an online marketplace that connects investors to high-quality solar projects, has released its largest solar project to date with $700k in investment opportunities. This is the company’s second project in its Golden State Series, a $100 million series of solar investments available to residents of California. Mosaic’s first offering, a $153,000 project for a charity in San Diego, sold out in less than six hours.
The company’s newest investment offering is a 487 kW solar project that will be located on the roof of the Wildwoods Convention Center. Wildwoods has hosted over a million visitors since it first opened in 2002 and is within a day’s drive of one-third of America’s population.Their project provides 24 percent of the convention center’s electricity and reduces the facility’s CO2 emissions by 179 tons annually, equating to 387,500 vehicle miles not traveled.
“We want to give people the opportunity to do good and do well at the same time,” said Mosaic CEO and Founder Dan Rosen. “Investing in real, tangible, solar projects, that generate electricity, is a great way to do that.”
In January, Mosaic launched its first return on investment solar projects to the public, selling out all three in less than 24 hours with over $300,000 invested. Since then, Mosaic has partnered with Standard & Poor’s, DuPont and Distributed Sun, among others, as part of the truSolar working group to standardize risk assessment and develop a score — similar to a credit rating — for each solar project.