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Crowdfunding for energy projects

SolarWorks

Crowdfunding for energy projects

Energy access companies are increasingly turning to the crowd to raise finance. Crowdfunding and peer-to-peer (P2P) lending platforms raised £24 million for energy access companies and projects in 2018. Over 90% of this was raised on P2P lending platforms in Europe, Japan and the USA.

Donors are also looking at this innovative technology-driven financing solution to better understand its application to off-grid energy companies. A number of donors are already supporting the sector through the provision of loan and investor guarantees on P2P lending platforms.      

Back in 2015, we implemented a cutting edge research programme to kick-start crowdfunding for energy access companies in low and middle-income countries. The programme, Crowd Power, is funded by UK aid and provides co-funding to eligible campaigns. Crowd Power also supports P2P lending platforms to establish guarantee and local currency lending facilities.

Crowd Power has:

  • Supported 255 campaigns by energy access companies, non-profits and micro-entrepreneurs
  • Raised over £3.8 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 55,000 tonnes in CO2 emissions
  • Created over 120 jobs

We also produce in-depth research and analysis of renewable energy crowdfunding and P2P lending, including coverage of energy access related initial coin offerings (ICOs). Read our reports here:

Crowdfunding & P2P Lending for Energy Access – State of the Market 2018

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.