We are currently seeing a deceleration of renewable energy growth in Europe. The the global financial crisis as well as the budgetary restrictions of renewable energy support schemes result in decreased lending capacity of banks and make further market uptake of renewable energy a challenge. The reduced access to conventional financing options over the past few years has triggered innovative financing schemes to emerge, with crowdfunding attracting a lot of attention.
In the workshop held on 27 August 2015 at the CrowdDialog Europe in Helsinki, Finland, Tanja Aschenbeck-Florange and Prof. Dr. Matthias Klaes looked at key opportunities and challenges for crowdfunding as an increasingly popular method for raising capital for renewable energy projects. Crowdfunding platforms and renewable energy project developers face different issues but both operate in a context of rapidly changing regulatory environments and shifting perceptions among potential investors and the general public.
The workshop provided insights on the regulatory framework with a snapshot of the overall landscape in Europe, combined with an in-depth focus on recent developments such as the regulatory response in Germany to high profile insolvencies in the renewable energy sector and its implications for crowdfunding. It also gave insights from an ongoing Europe wide survey of stakeholder perceptions, which shed light on key themes for both developers and platforms to focus on.
Please find the presentations here: