New Energy Equity Raises Significant Funds for Solar Initiatives
Recently, New Energy Equity and its Lift As We Climb Foundation (LAWC) achieved an incredible milestone, raising $143,000 for Let's Share the Sun Foundation (LSTS). This nonprofit organization is dedicated to providing solar energy solutions to underserved communities. Currently, LSTS is making strides by installing solar + storage systems in medically vulnerable areas.
Impactful Charity Golf Tournament
LAWC's fourth annual charity golf tournament took place at Queenstown Harbor Golf Course. Despite the elements—heavy winds and rain—the event displayed remarkable dedication and spirit from participants, successfully raising funds exceeding its initial goal of $110,000. This total also includes a generous donation of 100 kilowatts of solar modules from New Energy Equity, ensuring LSTS can proceed with its upcoming installations.
Supporting Vulnerable Communities
The funds raised will not only fulfill 30% of LSTS's Department of Energy cost-share obligation but also support essential activities for the organization. The weekend event exemplified community spirit and purpose as it set the stage for the installation of 30 solar systems, aimed at providing reliable electricity to families facing challenges such as frequent power outages and medical conditions.
Community Response and Praise
Kevin Nguyen, LAWC employee co-founder, expressed gratitude for the alignment between LAWC and LSTS. "This year, we were fortunate to find such a well-aligned organization to support. Let's Share the Sun's focus on key areas such as health, education, and women's empowerment complements the efforts of both Lift As We Climb and New Energy Equity," Nguyen stated.
Jim Wrathall, General Counsel at New Energy Equity and President of the Lift As We Climb Foundation, noted, "Giving back is at the heart of who we are. Even on a challenging day, our community demonstrated remarkable energy and commitment. We take pride in knowing our contributions will play a vital role in providing clean, reliable power to families in need."
Transformative Contributions
Lucas Barreto, Lead Project Manager at Let's Share the Sun, shared his appreciation: "We're deeply grateful to Lift As We Climb, New Energy Equity, and everyone who supported this event. These contributions will lead to transformative changes for families dealing with severe medical problems, granting them access to reliable energy solutions." This dedication towards community impact underscores the core value of philanthropy.
The Role of Community Sponsorship
The Lift As We Climb Foundation greatly appreciates all sponsors, partners, and participants whose generosity made this year's tournament a reality. Their continued commitment is vital in creating lasting impacts through community-driven initiatives.
About New Energy Equity
New Energy Equity LLC, a wholly-owned subsidiary of ALLETE (NYSE: ALE), is committed to developing, building, and owning solar projects that secure reliable energy and economic sustainability. Their extensive experience and operational expertise make them trusted partners in the solar energy sector. To date, New Energy Equity has effectively developed over 590 Megawatts of solar energy projects and secured more than $1.2 billion in clean energy investments.
About Lift As We Climb Foundation
The Lift As We Climb Foundation, established by New Energy Equity, supports various charitable initiatives aligned with its mission to contribute positively to the world. Annually, the Foundation organizes community events—including the charity golf tournament—aimed at raising awareness and funds for impactful nonprofit organizations.
About Let's Share the Sun
Let's Share the Sun is a nonprofit organization focused on enhancing access to solar technology within underserved communities. Their endeavors aim to improve health outcomes, empower women, and bolster educational opportunities through solar infrastructure, enhancing overall quality of life while promoting sustainable practices.
Frequently Asked Questions
What was the purpose of the charity golf tournament?
The charity golf tournament aimed to raise funds for Let's Share the Sun Foundation to support its solar energy initiatives for underserved communities.
How much money was raised at the event?
A total of $143,000 was raised during the event, exceeding the initial fundraising goal of $110,000.
What will the funds be used for?
The funds will support the installation of solar energy systems and fulfill a portion of the cost-share obligation to the Department of Energy.
Who organized the charity golf tournament?
The Lift As We Climb Foundation, part of New Energy Equity, organized the charity golf tournament.
What is Let's Share the Sun's mission?
Let's Share the Sun is dedicated to expanding access to solar energy in underserved communities, aiming to improve health and education through sustainable energy solutions.
