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Mosaic Launches Largest Solar Project to Date for Earth Week
First Round Sold Out in 24 Hours, Second Round Done in 6 Hours
OAKLAND, CA — (April 25, 2013) Mosaic, an online marketplace that connects investors to high-quality solar projects, just released its largest solar project to date with $700k available for investment. The project is the second in the Golden State Series, a $100M series of solar investments available to residents of California. The first project in the series, a $153k project on a charity in San Diego, sold out in less than six hours.
Mosaic’s newest investment offering is a 487 kW solar project is 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% 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 thetruSolar™ working group to standardize risk assessment and develop a score — similar to a credit rating — for each solar project.
Mosaic is an online marketplace that connects investors to high-quality solar projects. Mosaic’s mission is to open up clean energy investing to the public and fundamentally change the way energy is financed. To date, Mosaic has raised over $2M from more than 1,000 investors to finance solar projects in California, Arizona and New Jersey. For more information about Mosaic visit www.joinmosaic.com.