Quick answer
Energea Portfolio 4 USA LP is offering Class A Investor Shares under Regulation A (Tier 2), the SEC exemption sometimes called a "mini-IPO," at $1.10 per Class A Investor Share with a minimum investment of $100. As of October 20, 2026, the offering was open to investors.
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At a glance
| Status | Open |
|---|---|
| Status detail | Open (continuous offering since June 26, 2024; updated 253G2 filed 2026-09-10; sold only through energea.com) |
| Sector | Renewable energy (U.S. distributed solar) |
| Exemption | Regulation A, Tier 2 |
| Security | Class A Investor Shares (limited partnership interests) |
| Price | $1.10 per Class A Investor Share |
| Minimum investment | $100 |
| Valuation | Not stated (price set by the General Partner; about 8,790,063 Class A shares outstanding as of June 1, 2026) |
| Maximum offering | $50,000,000 |
| Distribution frequency | Monthly (target, at GP discretion) |
| Distribution yield history | 5.50% (2022), 5.15% (2023), 5.73% (2024), 6.43% (2025), per company |
| Redemption | Allowed after a 60-day hold; up to $50,000 per request; paid within 90 days; can be suspended |
| Portfolio | 5 projects, ~3.2 MW AC; 1 loan to CT Solar One LLC (up to $5,000,000; $815,114 drawn at 12/31/25) |
| General Partner | Energea Global LLC |
| Offering term | Continues until the maximum is raised, unless the Company ends it earlier. The Plan of Distribution says it ends on the sooner of a date the Company chooses or the date the offering must legally terminate. |
| Selling agent / intermediary | Self-underwritten / issuer-direct (sold via the Energea Platform; no selling commissions; GP reimbursed up to 5% of proceeds for offering/marketing costs) |
| SEC qualification | 2026-07-29 (Post-Qualification Amendment No. 8) |
The company
Energea Portfolio 4 USA is a limited partnership managed by Energea Global that buys, builds, and operates small solar projects in the United States, generally between 0.1 MW and 10 MW, and sells the power under long-term contracts. It can also make loans to project developers. The circular lists five owned projects totaling about 3.2 MW AC, including Fresno Airport (1.8 MW), plus one development loan.
Class A Investor Shares are offered directly through the Energea platform at a fixed $1.10 per share, with a $100 minimum and a $50 million cap, without a broker-dealer. The fund aims to pay distributions monthly at the General Partner's discretion and offers a limited redemption program.
What the company says
The following statements come from the issuer's offering circular and investor materials and have not been independently verified by RegAMagazine:
- The company reports $972,495 in distributions paid to limited partners from inception through April 28, 2026, which it describes as a 25.29% cumulative cash-on-cash yield.
- Its annual distribution yield rose from 5.50% in 2022 to 6.43% in 2025, according to the company.
- FY2025 revenue was $641,029, up from $329,680 in 2024, and net income was $144,203.
- The company targets 10 to 20 projects if the full $50 million is raised.
Questions we'd ask before investing
- What are all the fees and cash-flow allocations the General Partner receives, and how do they reduce distributions to Class A holders?
- How was the $1.10 share price set, and how does it compare with an independent valuation of the five projects and the CT Solar One loan?
- How large is the loan the General Partner arranged for the Company, and how are redemption requests prioritized if requests exceed available cash?
Key risks
- Redemption limits: shares must be held at least 60 days, each request is capped at $50,000, the Company has 90 days to pay, and the GP can suspend the program without notice.
- Distributions are discretionary and not guaranteed; the circular says the Company has not made a profit to date on a cumulative basis.
- Related-party conflicts: projects may be bought from affiliated developers (origination fee capped at 5% of project cost), and the GP is paid partly based on cash flow.
- General Reg A risks apply: most Reg A securities have no trading market, the price is usually set by the issuer rather than negotiated, non-accredited investors in Tier 2 offerings are limited to 10% of the greater of annual income or net worth, and you can lose your entire investment. See our Investor Risk Guide.
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RegAMagazine has not received any compensation, in cash, securities or otherwise, from this issuer, its selling agents, or any other party in connection with this profile. RegAMagazine may accept compensation for coverage in the future; if it does, this disclosure will be updated to state the amount, form and source of that compensation.
RegAMagazine.com is an independent publication. This profile is for information only. It is not investment advice, and it is not an offer to sell, a solicitation to buy, or a recommendation of any security. Offers are made only by the issuer's SEC-qualified offering circular. Figures and statements are drawn from the issuer's offering circular, SEC filings and investor materials and have not been independently verified. Regulation A securities are speculative and usually illiquid, and you may lose your entire investment. Read the offering circular, including its risk factors, before investing.
Data as of October 20, 2026.
Sources
- Offering circular filed with the SEC (EDGAR): https://www.sec.gov/Archives/edgar/data/1853011/000185301126000017/port4_253g2.htm
- Issuer investment page: https://www.energea.com/investments/
- SEC EDGAR full-text search for the issuer's filings: https://www.sec.gov/edgar/search/#/q=%22Energea%20Portfolio%204%20USA%22
Last verified: October 20, 2026. Offering terms change; check the sources above for current figures.
Cite this page
RegAMagazine. "Energea Portfolio 4 USA LP Reg A+ Offering: Terms, Risks & Profile." RegAMagazine.com, October 20, 2026. https://regamagazine.com/reg-a/energea-portfolio-4-usa/