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Unleashing the potential of Crowdfunding for Financing Renewable Energy Projects

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

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)

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EUROPEAN CROWDFUNDING NETWORK

Belgium

EU Contribution

€ 139 375

UNIVERSITY OF DUNDEE

United Kingdom

EU Contribution

€ 277 518,75

OSBORNE CLARKE ANWALTSSOZIETAT

Germany

EU Contribution

€ 214 644,38

YOURIS.COM

Belgium

EU Contribution

€ 186 287,50

GLOBAL 2000 UMWELTSCHUTZORGANISATION

Austria

EU Contribution

€ 109 250

ABUNDANCE INVESTMENT LTD

United Kingdom

EU Contribution

€ 128 151,25

GREEN CROWDING GMBH

Germany

EU Contribution

€ 114 250

LUMO

France

EU Contribution

€ 106 250

STICHTING ONE PLANET CROWD NEDERLAND

Netherlands

ASSOCIATION EUROPEENNE DE LA PETITE HYDRAULIQUE AISBL

Belgium

RENEWABLE ENERGY GENERATION LIMITED

Jersey

BNRG RENEWABLES LIMITED

Ireland

EU Contribution

€ 89 200,62

VALOREM SAS

France

EU Contribution

€ 88 500

EPIA SOLARPOWER EUROPE

Belgium

EU Contribution

€ 107 450

ONEPLANETCROWD INTERNATIONAL BV

Netherlands

EU Contribution

€ 97 812,50

Project information

Grant agreement ID: 646435

  • Start date

    1 February 2015

  • End date

    31 January 2018

Funded under:

H2020-EU.3.3.2.4.

H2020-EU.3.3.7.

H2020-EU.3.3.2.2.

H2020-EU.3.3.2.1.

  • Overall budget:

    € 1 994 915

  • EU contribution

    € 1 893 002,50

Coordinated by:

WIRTSCHAFT UND INFRASTRUKTUR GMBH & CO PLANUNGS KG

Germany

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