Energea Portfolio 3 Africa

Energea Portfolio 3 Africa

Early Stage

Solarize South Africa

Solarize South Africa

Overview

Funding data not publicly available
Platform

Self Managed

Start Date

06/16/2024

Close Date

Not Provided

Min. Goal
$100
Max. Goal
$50,000,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.25

Year Founded

2021

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Location

Durham, Connecticut

Energea Portfolio 3 Africa is raising funds independently through Reg A+ crowdfunding. It is a portfolio of solar projects in South Africa formed under the partnership of Energea Global with The Sun Exchange. The project, Solarize South Africa, owns several renewable energy projects in the region and has generated a historical IRR of 9.8%. Michael Silvestrini founded Energea Portfolio 3 Africa in 2021. The current crowdfunding campaign has a maximum target of $50 million. The campaign proceeds will be used for the completion of the existing projects.

Balance Sheet

Cash and Cash Equivalents

$1,109,421

Investment Securities

$0

Accounts and Notes Receivable

$21,165

Property, Plant and Equipment (PP&E)

$1,446,628

Property and Equipment

$0

Total Assets

$2,577,214

Accounts Payable & Accrued Liabilities

$164,829

Long Term Debt

$0

Total Liabilities

$164,829

Total Stockholders' Equity

$2,412,385

Total Liabilities and Equity

$2,577,214

Statement of Comprehensive Income Information

Total Revenues

$85,420

Costs & Expenses Applicable to Rev

$65,330

Depreciation and Amortization

$29,920

Net Income

$-9,830

Earnings Per Share - Basic

$-0.01

Earnings Per Share - Diluted

$-0.01

Auditor: Whittlesey PC
Financials as of: 06/16/2024
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Energea Portfolio 3 Africa on Self Managed 2024
Platform: Self Managed
Security Type: Equity - Common
Price per Share: $1.25

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