After presenting the legal framework of UK, we move on to examine Europe’s second largest crowdfunding market: France. The French crowdfunding market is a €253 million-worth market with seventy active platforms. Within the global renewable energy crowdfunding industry, French platforms like Lendosphere and Lumo are bright examples, having funded 12 and 6 projects respectively, according to Solarplaza’s Renewable Energy Crowdfunding Map. Although proper regulation was established only a year ago, the future of crowdfunding in France seems to be facilitated by a supportive legal framework. Below you’ll find an overview of France’s Legal Framework for Crowdfunding, conducted by Kramer Levin as part of our larger Crowdfunding Legal Framework Overview.
A French start-up is looking to crowdfund renewable energy sources to bring light to the 19% of the world population without electricity.
When talking about crowdfunding in Europe, the UK is without a doubt the most important and active market. According to Forbes, the UK crowdfunding industry had a net worth of €3.56 billion by the end of 2014, leading the continent. Quantified in money raised, the European crowdfunding scene raised €2.96 billion in total and the UK accounted for three-quarters of it.
Solarplaza asked legal experts from five prominent law firms and one European affairs consulting firm to put together reports from their jurisdictions, and the result is an compact, yet impressive report of the crowdfunding legal frameworks across the most important crowdfunding markets in the world right now.
Lack of clarity around due diligence is one of the risks the crowdfunding sector needs to address in order to improve the outlook for solar projects.
Regulatory frameworks are being established across the EU that will allow for the rapid growth of the sector over the rest of the decade. At the local level, crowdfunding looks set to flourish; but what are the current regulations in the different European countries? And how easily can these be harmonized to enable investment across borders?
Since its appearance, RE crowdfunding helped financing more than 300 projects in the world, raising capital for over €165 mln. It proved to be a competitive source of capital, a democratizing force for the energy markets, and eventually an accelerator of the transition towards a greener economy.
This is our world today. It’s changing every day. The impact that man is having is compromising our future, and renewable energy is the way forward. Watch the video and take the survey.
US solar companies have started to take advantage of the Direct Public Offering route to raise cash through crowdfunding.
Coming soon: 5+1 brand-new RE platforms ready to go live
In a global economy, crowdfunding could shake up solar finance in the way PayPal shook up how we pay for products and services online.
There are challenges associated with raising finance in non-traditional markets. Crowdfunding looks like a credible alternative.
Crowdfunding has become increasingly important as a source of financing for renewable energy, and the platforms are starting to make a real difference.
The renewable energy crowdfunding industry is going mainstream in the UK, and the regulatory frameworks are being established across the EU that will allow for the rapid growth of the sector over the rest of the decade.
PV startups and project developers looking for small investor backing now have a wealth of crowdfunding sites to choose from.
Solar technology and project developers are raising significant funds through online platforms where anyone can be an investor.
BERLIN, April 23 (Reuters) - The German parliament approved tighter rules on Thursday for firms selling financial products, including online platforms that support fledgling businesses through crowdfunding, in order to protect small investors against heavy losses.
Taiwan-based Winaico has been selected as the module supplier for a large housing project in Berwickshire, Scotland. The crowdfunding program to install solar on almost 750 residential roofs of the Berwickshire Housing Association (BHA) has raised over 1 million British pounds of the 3.1 million pound-target since fundraising began last fall. Abundance Generation is hosting the crowdfunding effort.
Worldwide crowdfunding reached $16.2 billion in 2014, up from just $6.1 billion the year before, according to research and advisory firm Massolution. (The figures include various types of crowdfunding including models based on donations, rewards, lending, royalties, equity, or a hybrid version.)