The fund seeks to capture growth in the dynamic and fast-growing solar energy market by investing in the development of utility, commercial, industrial, municipal, and community solar power systems.
*Available to accredited investors only
Why Should I Invest In UTILITY SOLAR?
Invest Because the Market is Growing
The global solar energy industry is expected to reach $422 billion by 2022 from $86 billion in 2015.
Solar is the fastest growing, affordable energy source in the world, offering an unlimited supply of clean, safe and renewable assets for heat and power.
With solar costs rapidly declining, solar has become a very inexpensive and practical option. Since solar energy provides a healthy return financially for companies, it is quickly moving mainstream and growing worldwide at 40-50% annually.
Sustainable, economically responsible, non-polluting energy is the only way to secure the future of our environment and our well-being. Solar panels generate zero pollution.
Invest Because of Positive Social Impact
By investing in Vasari Utility Solar Fund, investors generate positive social impact aimed at reducing the world’s reliance on fossil fuels.
Renewables don’t deplete natural resources. They also reduce water consumption, noise and waste, are less harmful to the land, and improve air quality.
Solar’s Trillion Dollar Market Is Driven by Electric Vehicles, Microgrids and Storage
Demand for solar is expected to surge over the coming years, but its growth rate could effectively double if these three conditions are met: rapid uptake of electric vehicles (EVs), more companies turn to the technology to save energy costs, and more countries reach solar and storage parity with grid prices.
How It Works
*Not a stock investment
"A Message from Vasari Capital"
Vasari Capital is the manager of the fund and is an affiliate of Vasari Energy. Development of each project will be the responsibility of Vasari Energy and any of its affiliates. Developer will handle all site selection, engineering, studies, interaction with regulatory agencies and utilities, and all other activities related to development of each project.
Utility solar has not been available to individual investors – until now.
Investments in utility solar development projects has been the exclusive domain of major corporations, institutions, utilities, and the super wealthy. Reasons for this include that there is a limited number of private utility scale solar developers and minimum investments in a single project can be very high leaving out the individual investor. The Vasari Utility Solar Fund offers individual investors and small institutions access to utility solar projects through pooling of capital and diversifying capital over multiple projects.
Most frequent questions and answers from our investors
You can get started as an investor with Vasari Capital here: https://vasaricapital.com/signup
The entire account creation and investment process are completed online via the Vasari Capital website. You will be prompted to provide or verify any required information, as well as make the necessary acknowledgments electronically.
The fund strategy is to acquire or lease land that is suitable for utility scale solar power plant development. We will conduct all studies to confirm feasibility and design engineer the site to bring the project to a point of ready to build. At or before the ready to build stage we expect to sell the project to a utility company, a tax equity investor, and independent power producer, or financial investor. The buyer will be responsible for constructing the project.
Utility solar projects are generally developed in remote areas and can be from on properties that range from 50 acres to over 1000 acres 20 MW to 200 MW of power. The utility solar project generates power to be sold to a utility company or a corporate customer.
The term of the fund is seven years. some projects may be developed, permitted and sold prior seven years.
As a partner in the LLC that the solar projects, you will receive a Form K-1. A K-1 is a tax form used by partnerships to provide investors with detailed information on their share of a partnership’s taxable income. Partnerships are generally not subject to federal or state income tax, but instead issue a K-1 to each investor to report his or her share of the partnership’s income, gains, losses, deductions and credits. The K-1s are provided to investors on an annual basis so that each investor can include K-1 amounts on his or her tax return.
Our goal is to finalize all K-1s by March 31st, however, we do rely on outside reporting and may require additional time to furnish the forms in a way that is to the investor’s best advantage. Accordingly, you may be required to obtain one or more extensions for filing federal, state and local tax returns.
Yes, the fund is only available to accredited investors.
An accredited investor, in the context of a natural person, includes anyone who:
- earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR
- has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).
On the income test, the person must satisfy the thresholds for the three years consistently either alone or with a spouse, and cannot, for example, satisfy one year based on individual income and the next two years based on joint income with a spouse. The only exception is if a person is married within this period, in which case the person may satisfy the threshold on the basis of joint income for the years during which the person was married and on the basis of individual income for the other years.
In addition, entities such as banks, partnerships, corporations, nonprofits and trusts may be accredited investors. Of the entities that would be considered accredited investors and depending on your circumstances, the following may be relevant to you:
- any trust, with total assets in excess of $5 million, not formed to specifically purchase the subject securities, whose purchase is directed by a sophisticated person, or
- any entity in which all of the equity owners are accredited investors.
In this context, a sophisticated person means the person must have, or the company or private fund offering the securities reasonably believes that this person has, sufficient knowledge and experience in financial and business matters to evaluate the merits and risks of the prospective investment.
All investments contain a certain level of risk. The fund has it risks related to obtaining permits, agreement with utility company to utilize transmission lines and obtaining a customer to buy power. Please refer to the Fund’s private placement memorandum for a more detailed discussion about the risks associated with investing in the Fund.
Investment opportunities posted on this website are “private placements” of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Investors must be able to afford the loss of their entire investment.