Participatory financing gains boost via Citizenergy Project Award

Frankfurt, 2 February 2017. Participatory financing of sustainable energy projects, for example via crowdfunding and energy cooperatives, is becoming an increasingly important contributor to the financing of the energy transition throughout Europe and beyond. The Citizenergy portal’s 2016 Project of the Year Award has lent increased recognition to this fact: on 1 February, Spanish crowdfunding platform ECrowd!  and the Mar de Fulles eco-complex received this Citizenergy honour for the pair’s outstanding contribution to a sustainable energy future. The results, presented in front of full house during a special EU Parliament event on citizen engagement, are the outcome of some 430 votes cast in December 2016.

The Citizenergy portal, created with Climate Alliance’s help, stands as Europe’s first community energy resource offering an overview of existing European crowdfunding platforms and energy cooperatives, active in advancing the energy transition. Municipalities are increasingly taking advantage of these alternative financing opportunities not only to fund their own energy projects, but as communications tools to promote public engagement. Successful examples include the Swindon Common Farm Solar  project, visible on Citizenergy.

Further information

Photo © Elio germani