RENEWABLE ENERGY WORLD - Crowdfunding solar power allows companies to diversify and expand their capital sources but requires careful risk management, according to a panel called "Crowdfunding for Renewable Energy Projects: How Big Could It Be?" at the Bloomberg New Energy Finance Future of Energy Summit on April 8.
by Kat Friedrich, Renewable Energy World
"I think it's going to explode,” said Lee Bailey, managing director and co-managing partner at US Renewables Group. “Conventional areas of financing have proven difficult and expensive. The pools of capital have dried up significantly."
Tim Newell, vice president of financial products at SolarCity, told the audience they’d be surprised to see how much capital crowdfunding would raise for solar power within the next few years.
This development echoes a larger trend toward crowdfunding in financial markets, said Newell. “Individual investors play an important role within the capital markets. We have lived within a bubble that has been isolated from the changes within the capital markets."