Dealflow | May 19, 2021

Calvert Impact Capital backs Sunwealth to expand solar access

David Bank
ImpactAlpha Editor

David Bank

ImpactAlpha, May 19 – Impact lender Calvert Impact Capital made a $2.9 million loan to Cambridge, Mass.-based Sunwealth to finance 18 solar projects in communities underserved by other renewables financing.

Private investors provided another $4.3 million in tax equity investments.

The projects are expected to provide $3.8 million in lifetime energy savings for nonprofit organizations, multi-family apartment buildings, houses of worship and commercial office buildings.

Sunwealth partners with local solar developers and installers on projects ranging from 5 kilowatts to 1 megawatt on building rooftops and parking lots.