Skip to main content

Developing and implementing financial instruments for the mobilisation of investments in renewable energy in the agrarian sector

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.

Field of science

  • /engineering and technology/environmental engineering/energy and fuels/renewable energy
  • /agricultural sciences/agriculture, forestry, and fisheries/agriculture/sustainable agriculture
  • /social sciences/economics and business/business and management/commerce

Call for proposal

H2020-EE-2014-3-MarketUptake
See other projects for this call

Funding Scheme

CSA - Coordination and support action

Coordinator

UNIONS AGRARIAS UPA
Address
C Doutor Maceira 13
15706 Santiago De Compostela
Spain
Activity type
Other
EU contribution
€ 564 327,88

Participants (12)

ASOCIACION AGRARIA JOVENES AGRICULTORES-ASAJA GALICIA

Participation ended

Spain
EU contribution
€ 0
Address
Calle Wenceslao Calvo Garra Edificio Europa 9 Entreplanta 1
36500 Lalin Pontevedra
Activity type
Other
SINDICATO LABREGO GALEGO - COMISIONS LABREGAS
Spain
EU contribution
€ 43 257
Address
Rua De Ofelia Nieto 13-23 Baixo Meixonfrio
15705 Santiago De Compostela
Activity type
Other
UNION DE COOPERATIVAS ASOCIACION GALEGA DE COOPERATIVAS AGRARIAS
Spain
EU contribution
€ 43 257
Address
Rua Tomino 22
15703 Santiago De Compostela A Coruna
Activity type
Other
INSTITUTO ENERGETICO DE GALICIA - INEGA - INSTITUTO ENERXETICO DE GALICIA
Spain
EU contribution
€ 51 280
Address
Rua Avelino Pousa Antelo 5
15703 Santiago De Compostela
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
UNIVERSIDADE DA CORUNA
Spain
EU contribution
€ 268 248,75
Address
Calle De La Maestranza 9
15001 La Coruna
Activity type
Higher or Secondary Education Establishments
AGRICOLTURA E VITA - ASSOCIAZIONE

Participation ended

Italy
EU contribution
€ 44 108,33
Address
Via Mariano Fortuny 20
00196 Roma
Activity type
Other
PANHELLENIC CONFEDERATION OF UNIONS OF AGRICULTURAL COOPERATIVES SOMATEIO
Greece
EU contribution
€ 61 755,83
Address
Arkadias Str & Mesogion Avenue 26
11526 Athens
Activity type
Other
BIOMASS RESEARCH BV

Participation ended

Netherlands
EU contribution
€ 0
Address
Van Hoffenlaan 54
6721 XG Bennekom
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
ELA, INGENIERIA Y MEDIO AMBIENTE SL
Spain
EU contribution
€ 174 053
Address
Avenida De La Mahia 101
15220 Bertamirans Ames
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
BANCO DE SABADELL
Spain
EU contribution
€ 65 130
Address
Placa De Sant Roc 20
08201 Sabadell
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
RESEARCH4LIFE B.V.
Netherlands
EU contribution
€ 75 937
Address
Van Hoffenlaan 54
6721XG Bennekom
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
INSTITOUTO AGROTIKIS KAI SYNETAIRISTIKIS OIKONOMIAS INASO PASEGES
Greece
EU contribution
€ 136 344,18
Address
Arkadias 26
115 26 Athens
Activity type
Research Organisations