CrowdFundRES: a new opportunity for financing renewable energy projects

Silvia Caneva; I. Weiss; M. Papapetrou; P. Alonso; O. Gajda; K. Kohl; A. Bergmann; B. Burton; T. Aschenbeck-Florange; A. Dlouhy; T. Drefke; A. de Ferrari; M. Martinoli; J. Wahlmuller; S. Egger; T. Harwood; R. van Maaren; K. Harder; S. Muller-Windisch; V. Daoud Henderson; A. Raguet; M.-V. Gauduchon; L. Pulles; M. de Jong; E. Hunewaldt; S. van Beurden; C. Arnaud; M. Papoutsi; A. Roesch; S. Wannop; A. Gregory; D. Crockford; D. Maguire; L. Clifford; R. Kelly; C. Rumolino; F. Petit

CrowdFundRES: a new opportunity for financing renewable energy projects

Silvia Caneva (Lead / Corresponding author), I. Weiss, M. Papapetrou, P. Alonso, O. Gajda, K. Kohl, A. Bergmann, B. Burton, T. Aschenbeck-Florange, A. Dlouhy, T. Drefke, A. de Ferrari, M. Martinoli, J. Wahlmuller, S. Egger, T. Harwood, R. van Maaren, K. Harder, S. Muller-Windisch, V. Daoud HendersonA. Raguet, M.-V. Gauduchon, L. Pulles, M. de Jong, E. Hunewaldt, S. van Beurden, C. Arnaud, M. Papoutsi, A. Roesch, S. Wannop, A. Gregory, D. Crockford, D. Maguire, L. Clifford, R. Kelly, C. Rumolino, F. Petit

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

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. The project CrowdFundRES recognises the vast potential of crowdfunding for financing renewable energy projects and brings together the three following target groups: renewable energy project developers, citizen investing their savings in renewable energy projects and crowdfunding platforms acting as intermediaries between the public and the project developers.
The overall objective of the CrowdFundRES 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:
 Gain a deep understanding of the public’s perception of crowdfunding
 Analyse the challenges faced by the application of crowdfunding for renewable energy projects in Europe
 Develop guidelines that support accepted practices in crowdfunding renewable energy projects
 Apply the guidelines and review them based on practical experience
 Develop policy recommendations to improve the market and regulatory framework
 Promote the crowdfunding concept and its advantages among those who could contribute or raise funds
The CrowdFundRES project is a European project, co-financed by the European Commission under H2020 Programme.
The project started on 1st February 2015 and will end on 31st January 2018. It involves 14 partners across 6 different European Countries representing the relevant stakeholders in the field of crowdfunding for renewable energy projects. The European Crowdfunding Network and four of the most active crowdfunding platforms in RES project in Europe are involved: Abundance, Green Crowding, Lumo and OnePlanetCrowd. 3 project developers REG, BNRG Renewables and
Valorem, are also involved in the project. The consortium is completed by Solar Power Europe, the University of Dundee, Osborne Clarke (multinational law firm expert in Crowdfunding), GLOBAL 2000 (association which represents developers
of projects with high untapped crowdfunding potential and a network of citizens sensitive to environmental issues) and youris.com, leader in the dissemination and communication of the leading-edge European innovation via TV media and the web. The project is coordinated by WIP – Renewable Energies.
The EU PVSEC will represent a unique opportunity to get informed about the results achieved during the CrowdFundRES project in terms of innovative business models for projects financing and, at the same time, providing instruments to increase the awareness and public acceptance of renewable energy projects.
Detailed information on the CrowdFundRES project is available at the project website: http://www.crowdfundres.eu

Original language	English
Title of host publication	33rd European Photovoltaic Solar Energy Conference and Exhibition
Subtitle of host publication	proceedings of the international conference held in Amsterdam, The Netherlands, 25 September-29 September 2017
Place of Publication	Munich
Publisher	WIP
Pages	2790-2793
Number of pages	4
ISBN (Electronic)	9783936338478
Publication status	Published - 2017

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

CrowdFundRES (Joint with WIP Renewables Energies, Osborne Clark, youris.com, Global 2000 (Friends of the Earth - Austria) plus Several European SMEs from the RE Sector)
Bergmann, A. (Investigator), Burton, B. (Investigator) & Klaes, M. (Investigator)
COMMISSION OF THE EUROPEAN COMMUNITIES
1/02/15 → 31/01/18
Project: Research

Cite this

Caneva, S., Weiss, I., Papapetrou, M., Alonso, P., Gajda, O., Kohl, K., Bergmann, A., Burton, B., Aschenbeck-Florange, T., Dlouhy, A., Drefke, T., de Ferrari, A., Martinoli, M., Wahlmuller, J., Egger, S., Harwood, T., van Maaren, R., Harder, K., Muller-Windisch, S., ... Petit, F. (2017). CrowdFundRES: a new opportunity for financing renewable energy projects. In 33rd European Photovoltaic Solar Energy Conference and Exhibition: proceedings of the international conference held in Amsterdam, The Netherlands, 25 September-29 September 2017 (pp. 2790-2793). WIP.

@inproceedings{2ae2030ac10b4268a2832b0e58e2c941,

title = "CrowdFundRES: a new opportunity for financing renewable energy projects",

abstract = "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. The project CrowdFundRES recognises the vast potential of crowdfunding for financing renewable energy projects and brings together the three following target groups: renewable energy project developers, citizen investing their savings in renewable energy projects and crowdfunding platforms acting as intermediaries between the public and the project developers. The overall objective of the CrowdFundRES 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: Gain a deep understanding of the public{\textquoteright}s perception of crowdfunding Analyse the challenges faced by the application of crowdfunding for renewable energy projects in Europe Develop guidelines that support accepted practices in crowdfunding renewable energy projects Apply the guidelines and review them based on practical experience Develop policy recommendations to improve the market and regulatory framework Promote the crowdfunding concept and its advantages among those who could contribute or raise fundsThe CrowdFundRES project is a European project, co-financed by the European Commission under H2020 Programme.The project started on 1st February 2015 and will end on 31st January 2018. It involves 14 partners across 6 different European Countries representing the relevant stakeholders in the field of crowdfunding for renewable energy projects. The European Crowdfunding Network and four of the most active crowdfunding platforms in RES project in Europe are involved: Abundance, Green Crowding, Lumo and OnePlanetCrowd. 3 project developers REG, BNRG Renewables andValorem, are also involved in the project. The consortium is completed by Solar Power Europe, the University of Dundee, Osborne Clarke (multinational law firm expert in Crowdfunding), GLOBAL 2000 (association which represents developersof projects with high untapped crowdfunding potential and a network of citizens sensitive to environmental issues) and youris.com, leader in the dissemination and communication of the leading-edge European innovation via TV media and the web. The project is coordinated by WIP – Renewable Energies.The EU PVSEC will represent a unique opportunity to get informed about the results achieved during the CrowdFundRES project in terms of innovative business models for projects financing and, at the same time, providing instruments to increase the awareness and public acceptance of renewable energy projects.Detailed information on the CrowdFundRES project is available at the project website: http://www.crowdfundres.eu",

author = "Silvia Caneva and I. Weiss and M. Papapetrou and P. Alonso and O. Gajda and K. Kohl and A. Bergmann and B. Burton and T. Aschenbeck-Florange and A. Dlouhy and T. Drefke and {de Ferrari}, A. and M. Martinoli and J. Wahlmuller and S. Egger and T. Harwood and {van Maaren}, R. and K. Harder and S. Muller-Windisch and {Daoud Henderson}, V. and A. Raguet and M.-V. Gauduchon and L. Pulles and {de Jong}, M. and E. Hunewaldt and {van Beurden}, S. and C. Arnaud and M. Papoutsi and A. Roesch and S. Wannop and A. Gregory and D. Crockford and D. Maguire and L. Clifford and R. Kelly and C. Rumolino and F. Petit",

year = "2017",

language = "English",

pages = "2790--2793",

booktitle = "33rd European Photovoltaic Solar Energy Conference and Exhibition",

publisher = "WIP",

address = "Germany",

}

Caneva, S, Weiss, I, Papapetrou, M, Alonso, P, Gajda, O, Kohl, K, Bergmann, A, Burton, B, Aschenbeck-Florange, T, Dlouhy, A, Drefke, T, de Ferrari, A, Martinoli, M, Wahlmuller, J, Egger, S, Harwood, T, van Maaren, R, Harder, K, Muller-Windisch, S, Daoud Henderson, V, Raguet, A, Gauduchon, M-V, Pulles, L, de Jong, M, Hunewaldt, E, van Beurden, S, Arnaud, C, Papoutsi, M, Roesch, A, Wannop, S, Gregory, A, Crockford, D, Maguire, D, Clifford, L, Kelly, R, Rumolino, C & Petit, F 2017, CrowdFundRES: a new opportunity for financing renewable energy projects. in 33rd European Photovoltaic Solar Energy Conference and Exhibition: proceedings of the international conference held in Amsterdam, The Netherlands, 25 September-29 September 2017. WIP, Munich, pp. 2790-2793.

CrowdFundRES: a new opportunity for financing renewable energy projects. / Caneva, Silvia (Lead / Corresponding author); Weiss, I.; Papapetrou, M. et al.
33rd European Photovoltaic Solar Energy Conference and Exhibition: proceedings of the international conference held in Amsterdam, The Netherlands, 25 September-29 September 2017. Munich: WIP, 2017. p. 2790-2793.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

TY - GEN

T1 - CrowdFundRES

T2 - a new opportunity for financing renewable energy projects

AU - Caneva, Silvia

AU - Weiss, I.

AU - Papapetrou, M.

AU - Alonso, P.

AU - Gajda, O.

AU - Kohl, K.

AU - Bergmann, A.

AU - Burton, B.

AU - Aschenbeck-Florange, T.

AU - Dlouhy, A.

AU - Drefke, T.

AU - de Ferrari, A.

AU - Martinoli, M.

AU - Wahlmuller, J.

AU - Egger, S.

AU - Harwood, T.

AU - van Maaren, R.

AU - Harder, K.

AU - Muller-Windisch, S.

AU - Daoud Henderson, V.

AU - Raguet, A.

AU - Gauduchon, M.-V.

AU - Pulles, L.

AU - de Jong, M.

AU - Hunewaldt, E.

AU - van Beurden, S.

AU - Arnaud, C.

AU - Papoutsi, M.

AU - Roesch, A.

AU - Wannop, S.

AU - Gregory, A.

AU - Crockford, D.

AU - Maguire, D.

AU - Clifford, L.

AU - Kelly, R.

AU - Rumolino, C.

AU - Petit, F.

PY - 2017

Y1 - 2017

N2 - 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. The project CrowdFundRES recognises the vast potential of crowdfunding for financing renewable energy projects and brings together the three following target groups: renewable energy project developers, citizen investing their savings in renewable energy projects and crowdfunding platforms acting as intermediaries between the public and the project developers. The overall objective of the CrowdFundRES 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: Gain a deep understanding of the public’s perception of crowdfunding Analyse the challenges faced by the application of crowdfunding for renewable energy projects in Europe Develop guidelines that support accepted practices in crowdfunding renewable energy projects Apply the guidelines and review them based on practical experience Develop policy recommendations to improve the market and regulatory framework Promote the crowdfunding concept and its advantages among those who could contribute or raise fundsThe CrowdFundRES project is a European project, co-financed by the European Commission under H2020 Programme.The project started on 1st February 2015 and will end on 31st January 2018. It involves 14 partners across 6 different European Countries representing the relevant stakeholders in the field of crowdfunding for renewable energy projects. The European Crowdfunding Network and four of the most active crowdfunding platforms in RES project in Europe are involved: Abundance, Green Crowding, Lumo and OnePlanetCrowd. 3 project developers REG, BNRG Renewables andValorem, are also involved in the project. The consortium is completed by Solar Power Europe, the University of Dundee, Osborne Clarke (multinational law firm expert in Crowdfunding), GLOBAL 2000 (association which represents developersof projects with high untapped crowdfunding potential and a network of citizens sensitive to environmental issues) and youris.com, leader in the dissemination and communication of the leading-edge European innovation via TV media and the web. The project is coordinated by WIP – Renewable Energies.The EU PVSEC will represent a unique opportunity to get informed about the results achieved during the CrowdFundRES project in terms of innovative business models for projects financing and, at the same time, providing instruments to increase the awareness and public acceptance of renewable energy projects.Detailed information on the CrowdFundRES project is available at the project website: http://www.crowdfundres.eu

AB - 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. The project CrowdFundRES recognises the vast potential of crowdfunding for financing renewable energy projects and brings together the three following target groups: renewable energy project developers, citizen investing their savings in renewable energy projects and crowdfunding platforms acting as intermediaries between the public and the project developers. The overall objective of the CrowdFundRES 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: Gain a deep understanding of the public’s perception of crowdfunding Analyse the challenges faced by the application of crowdfunding for renewable energy projects in Europe Develop guidelines that support accepted practices in crowdfunding renewable energy projects Apply the guidelines and review them based on practical experience Develop policy recommendations to improve the market and regulatory framework Promote the crowdfunding concept and its advantages among those who could contribute or raise fundsThe CrowdFundRES project is a European project, co-financed by the European Commission under H2020 Programme.The project started on 1st February 2015 and will end on 31st January 2018. It involves 14 partners across 6 different European Countries representing the relevant stakeholders in the field of crowdfunding for renewable energy projects. The European Crowdfunding Network and four of the most active crowdfunding platforms in RES project in Europe are involved: Abundance, Green Crowding, Lumo and OnePlanetCrowd. 3 project developers REG, BNRG Renewables andValorem, are also involved in the project. The consortium is completed by Solar Power Europe, the University of Dundee, Osborne Clarke (multinational law firm expert in Crowdfunding), GLOBAL 2000 (association which represents developersof projects with high untapped crowdfunding potential and a network of citizens sensitive to environmental issues) and youris.com, leader in the dissemination and communication of the leading-edge European innovation via TV media and the web. The project is coordinated by WIP – Renewable Energies.The EU PVSEC will represent a unique opportunity to get informed about the results achieved during the CrowdFundRES project in terms of innovative business models for projects financing and, at the same time, providing instruments to increase the awareness and public acceptance of renewable energy projects.Detailed information on the CrowdFundRES project is available at the project website: http://www.crowdfundres.eu

M3 - Conference contribution

SP - 2790

EP - 2793

BT - 33rd European Photovoltaic Solar Energy Conference and Exhibition

PB - WIP

CY - Munich

ER -

CrowdFundRES: a new opportunity for financing renewable energy projects

Abstract

UN SDGs

Fingerprint

Projects

CrowdFundRES (Joint with WIP Renewables Energies, Osborne Clark, youris.com, Global 2000 (Friends of the Earth - Austria) plus Several European SMEs from the RE Sector)

Cite this