Enel Green Power Launches a Lending Crowdfunding Campaign for a Photovoltaic Plant

Enel Green Power, an Enel company dedicated to renewables, has decided to use lending crowdfunding to crowd-fund the development of an agrivoltaic park in the municipality of Cancello ed Arnone (CE).

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The lending crowdfunding campaign

The campaign, offered on the specialized portal Ener2crowd, aims to raise between 50 and 100 thousand euros to help the company Sinergia Gps, a subsidiary of Enel Green Power, launch the project.

The investment offers a choice of repayment, either with a French-style amortization (consisting of installments made up of principal plus interest) or with periodic repayment of interest and principal in the last solution (in which case more interest is received, because the money is lent for longer).

The interest rate offered is 6 percent gross for residents of the municipality of Cancello ed Arnone and 5 percent gross for nonresidents.

Until September 5th, the campaign will be reserved only for residents of the municipality, then it will expand to the province of Caserta and then to Campania, and only after September 26th and until October 17th will it be open to everyone.

The project of Enel Green Power

As stated in the project presentation, it is a 13.5 MWp ground-mounted solar agrivoltaic plant. Bi-sided photovoltaic modules will absorb energy from both sides and be mounted on sun-tracking structures to maximize renewable energy production for which interested individuals can invest from a minimum of 100 euros up to a maximum of 5,000 euros.

In addition, in the spaces between the panel support structures, it is planned to grow forage crops in autumn-winter cycle intercropping such as oats, vetch, barley, embodied clover or alternative forage crops in rotation with barley for silage production.

A campaign to engage the local area and citizens

The new model espoused by Enel Green Power focuses on the creation of shared value, in which value for companies is constantly accompanied by tangible benefits for the community and local communities.

According to Enel Green Power, the process of energy transition cannot in fact disregard a virtuous path of awareness of all stakeholders involved in the energy system, starting precisely with citizens as protagonists and users of the benefits related to the development of renewable energy sources.

It is in this perspective that Enel Green Power’s initiative in Italy “Renewable Choice” fits in: an innovative tool to create shared value with the territory and be protagonists of the energy transition.

The initiative aims at the social and environmental development of the Italian territory, directly involving citizens and local communities in the construction of clean energy plants to accelerate the decarbonization process and counter the effects of climate change.

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(Featured image by Coernl via Pixabay)

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First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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