Ecomill Launches “RESPIRA” to Foster Renewable Energy Communities

Ecomill, a crowd investing platform for energy transition, mutual fund Coopfond, Legacoop, and Banca Etica have announced the launch of RESPIRA, a landmark to foster the emergence of Renewable Energy Communities (RECs) in cooperative form, capable of simultaneously helping the environment and the accounts of households and businesses.

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RESPIRA is able to guide citizens and businesses through all stages of the process of building and starting a renewable energy community

An Energy Community is an entity that produces and shares renewable energy, autonomously generating and managing clean energy, reducing CO2 emissions and energy waste: it is an entity of autonomous law in which people and organizations – both private and public – who decide to collaborate in the production and shared consumption of energy from renewable sources can participate as members.

RESPIRA’s partners have made themselves available to support organized citizen groups, cooperatives and other businesses, and public agencies in building and starting an energy community in cooperative form, adapting their offerings to each specific community, territory, and need by providing a chain of technical and financial partners. Adopting an innovative and almost unique cooperative approach.

In fact, RESPIRA is able to guide citizens and businesses through all stages of the process of building and starting a renewable energy community, thanks to a team of experts available in the various areas involved:

Legacoop supports proponents in fulfilling the regulatory and statutory aspects necessary to establish an ERC in cooperative form, while Coopfond offers financing in the form of equity.

Ecomill provides its crowd investing platform for participatory equity raising among citizens and cooperative members;

Banca Etica provides loans and other financial instruments for the implementation of eligible projects;
RESPIRA’s partner ESCos (Energy Service Companies) take care of the technical aspects, from feasibility studies to defining the best plant choices.

The vision, common to all partners, is that energy communities are a new and functional model of citizen involvement in “energy” projects capable of bringing people and communities back to the center of production processes, generating economic, social, and environmental benefits, bringing resources back to the territories, with the possibility of actively participating in the energy transition.

“Ecomill’s crowd investing is a form of participatory financing,” explained Chiara Candelise, the company’s founder and partner, “to support development and investment in energy projects, which we believe fits perfectly with the goals of sharing and involvement of citizens and the territory proper to Energy Communities. We are pleased to contribute to the RESPIRA project and support the financing of RECs in cooperative form, with the aim of encouraging the participation of citizens and members of cooperatives in the investments required for the development of RECs, fostering community ties and maximizing the economic spin-offs on the territories.”

“Ethically oriented finance is sensitive to the non-economic consequences of economic actions. This is specified in the Statute of Banca Etica, which believes in finance at the service of people and territories. Also for this reason,” emphasizes Riccardo Dugini , Deputy Director of Banca Etica, “we support Respira and the new Energy Communities through solutions designed specifically for individuals and organizations. We provide ethical finance tools dedicated to the money management needs of the Energy Community, including loans aimed both at anticipating the liquidity needed to carry out feasibility studies preparatory to the birth of an ERC and to accompany their development.”

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(Featured image by Alexas_Fotos via Pixabay)

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