Jul 11, 2024

Plural Energy Launches Investing Platform for Renewable Energy Assets

Plural Energy, the on-chain investing platform powering the global transition to clean energy, announced its launch at the Ethereum Community Conference in Brussels. The first asset to raise capital on the platform, The Ace Portfolio, is live and available to anyone interested in renewable energy investing.

"The launch of our platform is the first step toward a future where renewable energy projects can easily access the financing they need for true environmental impact," said Adam Silver, Plural Energy Co-Founder and CEO. "Now anyone, regardless of their net worth or background, can play their part in creating a clean energy future by investing directly in renewable energy projects."

The Ace Portfolio gives Plural users the opportunity to invest directly in operating solar projects  built by Solaris Energy, Inc., an experienced solar development, finance, and asset management firm based in Fort Collins, Colorado.

  • Returns: The Ace Portfolio is projected to deliver up to 12% annual yield.1
  • Tax Benefits: Up to 87.5% of investment available as a loss to offset applicable income.2
  • Impact: This portfolio spans 21 commercial-scale solar installations across the United States and has a capacity of 2.31MW.

"Despite the importance of smaller-scale renewable energy projects in solving the climate crisis, fundraising has always been a challenge in this financial environment," said Alex Blackmer, President  & Founder of Solaris. "We chose Plural because it simplifies the capital raising process, ultimately creating a path towards the democratization of solar finance where anyone can become a part of the green energy revolution."

Built on Base
The on-chain direct investing experience is built on the Coinbase incubated blockchain, Base, one of the fastest-growing and most reliable blockchain ecosystems.

"We knew we had to be incredibly intentional about where to launch our first project," said Alex Fong, Plural Co-Founder and Head of Product. "We chose Base because of its low transaction costs, speed, and remarkable growth over the last few months. "

Plural Energy | www.plural.xyz