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Sharing the Costs and Benefits of Energy and Resource ActivityLegal Change and Impact on Communities$
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Lila Barrera-Hernández, Barry Barton, Lee Godden, Alastair Lucas, and Anita Rønne

Print publication date: 2016

Print ISBN-13: 9780198767954

Published to Oxford Scholarship Online: June 2016

DOI: 10.1093/acprof:oso/9780198767954.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 31 October 2020

Enabling the Crowdfunding of Energy Projects

Enabling the Crowdfunding of Energy Projects

The Regulation of Small-scale Community Financing in Europe

(p.317) 18 Enabling the Crowdfunding of Energy Projects
Sharing the Costs and Benefits of Energy and Resource Activity

Catherine Banet

Oxford University Press

This chapter deals with online financing models for energy projects based on small contributions collected from a large number of individual investors and, thereby, a new type of financing community. This alternative financing mechanism, commonly called ‘crowdfunding’, is based on open calls made through an Internet platform to a wide public for the purpose of financing pre-selected projects. Energy projects have recently become reliant on crowdfunding platforms, due to the financial needs and interests created by the energy transitions in several European countries. It is also related to developers’ need to get local acceptance for their projects, and the desire on the part of the local communities to have a say in the use of their territory for energy generation purposes. As a result, crowdfunding of energy projects in Europe has mainly benefited renewable energy sources, but also energy efficiency, insulation works, energy infrastructures, and energy supply projects.

Keywords:   crowdfunding, Internet, energy projects, local acceptance, online financing models, financing community

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