Why do project developers choose Enerfip?

There are several reasons why a project developer might launch a crowdfunding campaign.

In traditional financing for renewable energy projects, a project developer must contribute up to 30% of the project’s construction costs as equity, with banks financing the remainder.

The reasons for setting up a crowdfunding campaign for one or more projects vary by developer: some do so primarily to reduce their equity burden, others—mainly out of conviction—with the goal of enabling citizens to reclaim ownership of their region’s energy resources, and still others in response to a call for proposals from the Energy Regulatory Commission.

Enerfip is thus a citizen-driven and innovative solution to provide developers with a complementary source of financing, in addition to their own capital.

Crowdfunding via Enerfip allows citizens to participate directly in renewable energy projects, engage them, and let them benefit from the financial returns. This can make projects more attractive to the local population and facilitate their acceptance.