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

Obiettivo

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.

Invito a presentare proposte

H2020-EE-2014-2015

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Bando secondario

H2020-EE-2014-3-MarketUptake

Meccanismo di finanziamento

CSA - Coordination and support action

Coordinatore

UNIONS AGRARIAS - UPA
Contribution nette de l'UE
€ 564 327,88
Indirizzo
CALLE DOUTOR MACEIRA 13
15706 SANTIAGO DE COMPOSTELA
Spagna

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Regione
Noroeste Galicia A Coruña
Tipo di attività
Other
Collegamenti
Costo totale
€ 564 327,88

Partecipanti (12)