Objective
We are currently seeing a deceleration of renewable energy growth in Europe. This is partly attributed to the challenges for financing renewable energy projects. Reduced access to conventional financing options over the past few years has triggered innovative financing schemes to emerge, with crowdfunding attracting a lot of attention.
CrowdFundRES recognises the vast potential of crowdfunding for financing renewable energy projects. The project has been developed for and in cooperation with the three target groups:
1) Renewable energy project developers whose access to financing is getting more challenging
2) The part of the public that has an interest in investing even very small amounts of their savings in renewable energy projects
3) Crowdfunding platforms who act as intermediaries facilitating the financial transaction between the public and the project developers.
The overall objective of the proposed project is to contribute to the acceleration of the renewable energy growth in Europe by unleashing the potential of crowdfunding for financing renewable energy projects. In order to achieve this, the work has been structured for achieving the following objectives:
1. Gain a deep understanding of the public’s perception of crowdfunding
2. Analyse the challenges faced by the application of crowdfunding for renewable energy projects in Europe
3. Develop guidelines that support easier, more effective and wider accepted practices in crowdfunding renewable energy projects
4. Apply the guidelines and review them based on practical experience
5. Improve the market and regulatory framework
6. Promote the crowdfunding concept and its advantages among those who could contribute or raise funds
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- engineering and technology environmental engineering energy and fuels renewable energy
- social sciences political sciences political policies civil society civil society organisations nongovernmental organizations
- engineering and technology electrical engineering, electronic engineering, information engineering electrical engineering power engineering electric power generation combined heat and power
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.3.3.2.4. - Develop geothermal, hydro, marine and other renewable energy options
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H2020-EU.3.3.7. - Market uptake of energy innovation - building on Intelligent Energy Europe
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H2020-EU.3.3.2.2. - Develop efficient, reliable and cost-competitive solar energy systems
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H2020-EU.3.3.2.1. - Develop the full potential of wind energy
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
CSA - Coordination and support action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-LCE-2014-2015
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
81369 Muenchen
Germany
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.