Crowdfunding: Ready for the Big League?

Karl Harder and Sam Friggens

Chapter 14 in Renewable Energy Finance:Powering the Future, 2015, pp 325-340 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In 2012 when a wind turbine started spinning in the historic village of St Briavels on the border of England and Wales, it was more than just another small step towards a clean energy system in the UK. The turbine lays claim to be the first renewable energy project in the world to be financed through crowdfunding — the 21st century phenomenon that involves large numbers of individuals coming together via the Internet to directly raise money for projects or ventures of their choosing. A total of £1.4 m was collectively invested by hundreds of people who now stand to receive annual financial returns of 6–8% over a period of 20 years as electricity is generated. The achievement signified the evolution of crowdfunding from a niche based on donations and rewards to an investment mechanism capable of delivering new sources of private finance to fund the energy infrastructure of the 21st century…

Keywords: Renewable Energy; Clean Energy Finance; Solar Energy Financing (search for similar items in EconPapers)
JEL-codes: O13 Q2 Q48 (search for similar items in EconPapers)
Date: 2015
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