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Crowdfunding for energy projects

SolarWorks

Crowdfunding for energy projects

Energy access companies are increasingly turning to crowdfunding and peer-to-peer (P2P) lending to address their financing needs. Increasingly, philanthropic foundations and development agencies are drawn to this financing mechanism to understand how co-funders can support access to finance for companies in the sector.

We implemented a market leading research pilot in 2015 to kick-start fundraising for energy access companies in developing countries. Funded by UK aid, Crowd Power provides co-funding to eligible campaigns by providing match funding, lump-sum payments, first-loss guarantees, and vouchers for donors or investors. Crowd Power has:

  • Supported 252 campaigns by energy access companies, non-profits and micro-entrepreneurs
  • Raised over £3.4 million via supported energy access campaigns
  • Leveraged 6X co-funding in private capital from ‘the crowd’
  • Provided over 300,000 individuals with access to clean energy in 29 countries
  • Reduced 50,000 tonnes in CO2 emissions
  • Created over 120 jobs

We also produce in-depth research and analysis of renewable energy crowdfunding and P2P lending in developing countries. Read our reports here:

Powering the Crowd into the Future

Crowd Power - Who is the Crowd?

Crowd Power - Success & Failure – The Key to a Winning Campaign

Can the crowd close the financing gap?

Mapping the market for energy access 

 

 

 

Crowdfunding for off-grid power business

BuffaloGrid uses solar-powered hubs to supply mobile power and internet to off-grid communities. To support this mission, we helped the start-up double its target on the crowdfunding platform Crowdcube.