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Crowdfunding for energy projects

Innovative energy access projects are increasingly turning to crowdfunding to address their financing needs. But little is known about how effective this tool is in kick-starting projects in developing countries.

We are implementing a pilot programme that tests whether grants by public agencies can accelerate the impact of crowdfunding platforms on energy access.

Funded by UK aid, Crowd Power provides direct financial support to crowdfunding campaigns trialling a variety of approaches such as match-funding, guarantees (insurance), and ‘gift’ vouchers. It also produces in-depth research and analysis of renewable energy crowdfunding campaigns in developing countries. Read our reports on energy access crowdfunding: 

Mapping the market for energy access 

Can the crowd close the financing gap?

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

Through Crowd Power we have:

  • Supported 106 energy project campaigns, of which 68% owned or led by women and 58% run by local entrepreneurs
  • Raised £3,400,000 across all Crowd Power supported campaigns
  • Reached 300,000 beneficiaries in 28 countries
  • Reduced 50,000 tonnes CO2
  • Created 120+ jobs

 

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.