Objective
On-farm Renewable Energy Systems (RES) can provide agrarian communities with an extra source of stable income, while guaranteeing long term clean energy supply for society. Despite their enormous potential for RES, in practice many farmers are not capable of accessing the financial, technical and administrative resources required for installing RES capacity on their farms. This is caused by RES investments generally being restricted to project finance for large installations while RES types that can be installed on farms require bank loans. This limitation greatly restricts capital supply while raising overall cost. Most farms in the targeted countries have a low credit profile that disqualifies them for loans. To overcome this limitation and fully take advantage of the last few years´ cost reductions and performance advancements in RES, a tailored investment instrument is needed that can attract capital from capital markets and especially from institutional investors to on-farm RES. The recent appearance of innovative investment schemes, addressed to overcome similar challenges in other sectors, demonstrates that, by creating pools of RES, access to capital market resources can be realized. The proposed action is designed to initiate a structured dialogue among farmers, financiers and other relevant experts and stakeholders in order to develop and promote such an investment instrument, tailored for on-farm RES. The consortium that presents this proposal includes, among other key stakeholders, a leading European financial institution, a university as well as the largest farmers´ associations of Spain, Italy and Greece. The quality of the consortium and the relevance of the expected results mean that this proposal is a unique opportunity to increase the financeability of on-farm RES in Europe.
Fields of science
Programme(s)
Topic(s)
Funding Scheme
CSA - Coordination and support actionCoordinator
15706 SANTIAGO DE COMPOSTELA
Spain
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Participants (12)
Participation ended
36500 LALIN PONTEVEDRA
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15705 Santiago De Compostela
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15703 Santiago De Compostela A Coruna
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
15703 SANTIAGO DE COMPOSTELA
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15001 La Coruna
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00196 ROMA
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
11526 Athens
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
Participation ended
6707 AA WAGENINGEN
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
15220 BERTAMIRANS AMES
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
08201 Sabadell
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6707 AA Wageningen
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
115 26 Athens
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