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Unleashing the potential of Crowdfunding for Financing Renewable Energy Projects (CrowdFundRES)
Start date: Feb 1, 2015, End date: Jan 31, 2018 PROJECT  FINISHED 

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 challenging2) The part of the public that has an interest in investing even very small amounts of their savings in renewable energy projects3) 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 crowdfunding2. Analyse the challenges faced by the application of crowdfunding for renewable energy projects in Europe3. Develop guidelines that support easier, more effective and wider accepted practices in crowdfunding renewable energy projects4. Apply the guidelines and review them based on practical experience5. Improve the market and regulatory framework6. Promote the crowdfunding concept and its advantages among those who could contribute or raise funds
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