Enerfip, the main French platform for participative crowdfunding for ENR production projects, confirms the record year 2019 and already $32 million (€30 million) of orders for 2020. Enerfip (the incubator for social and solidarity-based enterprises) has been enabling citizens to invest directly in renewable energy projects since 2016. In 2019, the start-up acted as a detonator to encourage the explosion of this booming citizen crowdfunding.
Discover the world’s most interesting financial news with the Born2Invest mobile app. The app provides its readers with access to the latest news in crowdfunding, fintech, crypto, and the business market.
Interest rates from 4 to 7%
Enerfip offers individuals the opportunity to become players in the energy transition by investing in projects benefiting from interest rates of 4 to 7% over terms of 2 to 6 years. “Four years after its launch, the platform has raised more than $40 million (€37 million) from the public,” said Julien Hostache, co-founder of Enerfip.
The young leader confirms the attraction of citizens in investing in NREs. To meet this aspiration, Enerfip, which raised $1.29 million (€1.2 million) last summer, has developed a specific model that involves a presence in the field: “Far from the model of an above-ground digital platform, Enerfip provides a presence in the areas where projects are set up, in order to provide tailor-made support to citizens,” he explained.
Enerfip acts against global warming by enabling residents to participate in the deployment of the energy transition near their homes. “Contrary to popular belief, investment in renewable energies is a very accessible action,” insisted Julien Hostache, who believes that Enerfip’s fieldwork, carried out by a team of about twenty people, “makes concrete progress in the fight against global warming by enabling inhabitants to participate in the deployment of the energy transition near their homes.”
$22 million for 112 projects
In 2019, Enerfip, which has made Occitania its land of excellence, has 20000 members registered on its platform, including 8000 new members: “In total, $22 million (€20.5 million) was collected during the year to help finance 112 projects, representing a total cumulative power of more than 1 GW of green energy projects,” said the leader, stressing “a strong commitment” from citizens.
Offshore wind power takes off
Enerfip has also taken advantage of the past year to become the leader in the participative financing of offshore wind energy: “2600 people have invested their savings, up to $3.2 million (€3 million) on the 3 offshore wind energy projects validated by the State (Yeu and Noirmoutier islands, Dieppe-Le Tréport and the Gulf of Lion),” reminded the platform: “Enerfip is to date the only actor to have proposed to citizens to finance offshore wind energy projects in France.”
Already $32 million for 2020
In the end, Enerfip confirmed the exceptional year 2019: “+100% of sales in 2019 compared to 2018 and an order book of more than $32 million (€30 million) for 2020 already signed,” announced Julien Hostache. Among these projects, those of the Montbartier and Maillol photovoltaic parks, located in the Tarn-et-Garonne and Haute-Garonne regions, are open to participative financing up to $691.000 (€640.000). These two photovoltaic parks will produce a total of around 14.100 MWh per year, equivalent to the annual electricity consumption of a village of 2000 people.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in actu.fr, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
ESG: Tech Companies Must Also Become Responsible
ESG has become vital for many companies in traditional industries like mining. But what are tech companies doing to keep...
Credit for European Companies Cheaper Than a Year Ago Despite Rising Euribor
While market interest rates have seen significant increases, new company financing rates remain lower than they were a year ago....
New Research Shows CBD Relieves Severe Anxiety in Young People
A new study has confirmed the effectiveness of CBD in treating severe anxiety, this time in a test group of...
Kim Kardashian and Other Crypto Influencers Have Bankrupted Thousands
As celebrity influencers jump on the crypto bandwagon, many uninformed investors are getting caught out in what are essentially pump...
Experience of Covid-19 Rapid Tests Opening the Door to a Medicine of the Future?
The response to Covid-19 by governments and the medical community demonstrated the possibilities of rapid testing and vaccine development. Now...
Business2 weeks ago
Best Small Business Web Hosting — The Only Guide You Need
Cannabis6 days ago
Why Tilray Shares Rose This Friday Morning
Crypto6 days ago
Double-Peak Formation Points to a Drop in Solana’s Share Price
Crowdfunding2 weeks ago
Xolid Closes €5 Million Round on Equity Crowdfunding Platform CrowdFundMe