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Unleashing the potential of Crowdfunding for Financing Renewable Energy Projects

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

Field of science

  • /engineering and technology/environmental engineering/energy and fuels/renewable energy

Call for proposal

H2020-LCE-2014-3
See other projects for this call

Funding Scheme

CSA - Coordination and support action

Coordinator

WIRTSCHAFT UND INFRASTRUKTUR GMBH & CO PLANUNGS KG
Address
Sylvensteinstrasse 2
81369 Muenchen
Germany
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 234 312,50

Participants (15)

EUROPEAN CROWDFUNDING NETWORK
Belgium
EU contribution
€ 139 375
Address
Rue Montoyer 51 Neo Building 7Ieme Etage
1000 Bruxelles
Activity type
Other
UNIVERSITY OF DUNDEE
United Kingdom
EU contribution
€ 277 518,75
Address
Nethergate
DD1 4HN Dundee
Activity type
Higher or Secondary Education Establishments
OSBORNE CLARKE ANWALTSSOZIETAT
Germany
EU contribution
€ 214 644,38
Address
Innere Kanalstrasse 15
50823 Koeln
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
YOURIS.COM
Belgium
EU contribution
€ 186 287,50
Address
Dreve Du Pressoir 38
1190 Brussels
Activity type
Other
GLOBAL 2000 UMWELTSCHUTZORGANISATION
Austria
EU contribution
€ 109 250
Address
Neustiftgasse 36
1070 Wien
Activity type
Other
ABUNDANCE INVESTMENT LTD
United Kingdom
EU contribution
€ 128 151,25
Address
16 Linen House 253 Kilburn Lane
W10 4BQ London
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
GREEN CROWDING GMBH
Germany
EU contribution
€ 114 250
Address
Braunstrasse 44
50933 Koln
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
LUMO
France
EU contribution
€ 106 250
Address
Rue Fleming 1 Hotel Des Tic
17000 La Rochelle
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
STICHTING ONE PLANET CROWD NEDERLAND

Participation ended

Netherlands
EU contribution
€ 0
Address
Linnaeusstraat 35F
1093 EE Amsterdam
Activity type
Other
ASSOCIATION EUROPEENNE DE LA PETITE HYDRAULIQUE AISBL

Participation ended

Belgium
EU contribution
€ 0
Address
Rue D'arlon 63-65
1040 Bruxelles
Activity type
Other
RENEWABLE ENERGY GENERATION LIMITED
Jersey
EU contribution
€ 0
Address
Elisabeth House Castle Street 9
JE2 3RT St. Helier
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
BNRG RENEWABLES LIMITED
Ireland
EU contribution
€ 89 200,62
Address
Unit 1B 3 Custom House Plaza Harbour Master Place
1 Dublin
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
VALOREM SAS
France
EU contribution
€ 88 500
Address
213 Cours Victor Hugo
33130 Begles
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EPIA SOLARPOWER EUROPE
Belgium
EU contribution
€ 107 450
Address
Rue D Arlon 69 71
1040 Bruxelles
Activity type
Other
ONEPLANETCROWD INTERNATIONAL BV
Netherlands
EU contribution
€ 97 812,50
Address
Linnaeusstraat 35F
1093 EE Amsterdam
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)