Green Bond
The Green Bond is an impact investment in our solar parks – an opportunity to earn while participating in the global shift to clean, renewable energy.
The Green Bond is a sustainable investment opportunity that delivers a fixed annual return – boosting your financial future while enabling you to make a positive impact on the environment. Your investment helps finance the construction of new solar parks, generating clean, renewable energy.
The Green Bond exists outside of market fluctuations, making it a steady and smart way to diversify your investment portfolio. Your investment will earn a fixed minimum interest annually. Each investment helps to accelerate the urgently needed global shift to renewable energy, improving the planet’s future and your financial future.
It’s a win-win scenario environmentally and economically.
FAQ
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How is it possible to make an investment in Switchr?
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To make an investment in Switchr you go to our website https://board.switchr.com and create a profile or log in. From there you can go to your userboard/”Switchrboard” (a button up on the right), scroll down and press “invest“
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How can I pay?
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More information about the payment solution Klarna Kosma can be found at their webpage, kosma.com. How do I select my country and/or bank when paying? Please first select your country as shown in the picture. After you have selected your country, please select your bank from the list. If your bank is not listed, click “show more banks” below the list or enter its name in the search field. If you are not able to select your country or bank, please contact us for other options to complete your purchase.
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How is it possible to withdraw my investment from Switchr?
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This is a manual process at the moment, reach out to us if you want to withdraw your investment and we will assist with that.
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How will this investment be registered in my yearly taxes?
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Taxation is a personal responsibility, and it's different from country to country. We have switchers from all over the world, so unfortunately this makes it hard for Switchr to keep track of how taxation is done in each country. As a general input you register your investment as a receivable, and earned interest as earned interest.
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How can I reduce my CO2-footprint by investing with you?
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Switchr calculates CO2 avoided from your investment based on how much energy is produced by solar panels as opposed to coal production. We use coal as a comparison because it is the biggest and worst source of pollution of fossil power production within the European Union, and also because of the EU's goal to replace coal power production. If that energy is going to be produced in a sustainable way solar is going to be part of the solution, and by investing in Switchr solar parks you drive that change. The CO2 offset calculation of Switchr is reached by multiplying the kWh production with this factor that is the same for all countries in Europe: 0,955 kg CO2e/kWh. This figure is based on the International Renewable Energy Agency's (IRENA) calculations on Lifecycle greenhouse gasses emission values. Example: In a certain solar park one panel produces 350 kWh in one year. The calculation is: 350 kWh*0,955 CO2e=334 kg CO2e
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Can I pay with a credit or debit card?
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Currently, Switchr does not support payments by credit or debit cards. Please contact us if you are not able to pay with your bank account, and we will assist you with your purchase.
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What is the minimum amount I need to invest?
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The current lowest entry is 250€
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How long is my investment locked for?
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Your investment is locked for a minimum of 12 months, and you can keep your money invested in a solar park for a maximum of 10 years. If you need to withdraw your investment earlier than 12 months, tell us, and we will do our best to help you out. After the 10 years, you will have an offer to continue on updated terms, withdraw or invest in a different park.
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What are the risks involved when investing with Switchr?
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As with all investments, there are risks involved when investing in Switchr loans. The main risk of not getting your interest or your initial investment back, would be a bankruptcy of Switchr AS. Your investment is an unsecured loan to Switchr, which Switchr uses to invest in additional solar parks. The interest offered is linked to the income from the electricity production from the Switchr solar parks, and is based on the revenue the individual park you invest in gives. The interest is a fixed annual interest. Through the loan agreement you sign when investing, Switchr is obliged to pay interest rates to their lenders once a year («contractually obliged»)
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How do I get my interest payed?
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A nice side effect of your environmental impact is that you also earn money on your investment. We plan to payout the interest you made in 2022 by the end of January. You will have two choices of what to do with the money: Use the interest to invest further Have the interest paid out If you choose the first option, a coupon with your interest for 2022 will be added to your Switchrboard. You can use this coupon when you invest in panels, and the sum of the interest will be deducted from the amount you would like to invest. Choice number 2 is the default choice. You will receive the money in your registered bank account. Please, verify your bank details.