Crowdfunding has become increasingly important as a source of financing for renewable energy, and the platforms are starting to make a real difference. But which are the most important platforms and where are they based? How much money have they raised so far, and how many projects have been funded this way? 


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At last year’s edition of the Renewable Energy Crowdfunding conference, we were introduced to crowdfunding, the financial innovation that bridges the gap between financing demand and supply for renewable energy projects. Since last year, crowdfunding has proved that it is here to stay, with today’s industry landscape in a constant state of motion. New platforms have been established, existing ones have grown significantly, and some have disappeared. Crowdfunding has become increasingly important as a source of financing for renewable energy, and the platforms are starting to make a real difference. 

 

"The total amount of money raised by the 'Big 5' has more than quadrupled in one year's time."

The tables below show the top leaders of renewable energy crowdfunding, ranked according to amount raised and projects listed - both those that are fully funded and those still seeking funds. The total amount of money raised by the 'Big 5' has more than quadrupled in one year's time, today totaling €144 million compared to €31 million last year. Trillion Fund’s achievement is particularly remarkable, considering they occupied fourth place last year. From our comprehensive overview of 24 platforms, we can see that Europe takes the lead with 17 renewable energy crowdfunding platforms established, while the USA lists at number 7. Most of the top European platforms are based in Germany, while the UK and the Netherlands follow as the most active markets. Currently, only select countries are hosting platforms, but several upcoming platforms are expected to expand the market geographically in the near future, such as Joukon Voima in Finland or Fundera in Italy. 

 

"RE crowdfunding platforms based in Europe and North America are increasingly interested in the development of community projects, as well as projects in emerging markets."

It is interesting to note that renewable energy crowdfunding platforms based in Europe and North America are increasingly interested in the development of community projects, as well as projects in emerging markets. This trend underlines clearly the catalytic role that crowdfunding plays in funding renewable energy development in regions and markets that need it the most but which often cannot afford it. For instance, KIVA has a category specifically devoted to renewable energy projects and in this way helps to address the 1.3 billion people still eagerly waiting for access to electricity. The future of crowdfunding promises to be exciting, with new platforms being set up and ambitious projects being launched, such us Citizenergy, the first attempt for a pan-European platform to connect investors and projects from all over Europe.


Top 5 Crowdfunding Platforms ranked by amount raised

Platform

Country

Amount raised(€)

Projects*

TrillionFund

UK

€104,379,968

23

Abundance

UK

€15,857,783

14

Windcentrale

NL

€15,000,000

9

Village Power

US

€4,600,000

10

Econeers

DE

€4,100,000

10


Top 5 Crowdfunding Platforms ranked by number of projects*

Platform

Country

Amount raised

Projects*

Solar Schools

UK

€ 736,164

65

Bettervest

DE

€1,700,000

28

GreenCrowd

NL

€1,833,600

24

TrillionFund

UK

€104,379,968

23

SunFunder

US

€402,500

21


  • To meet 150+ investors, project developers, crowdfunding platforms and all the relevant stakeholders, make sure you join the 2nd edition of the only Renewable Energy Crowdfunding Conference, in London November 5th: www.recrowdfunding.eu/registration

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This map was created using public sources from across the web. Have we missed an important platform? Or have we misquoted number or facts? Please let us know (kristiaan@solarplaza.com) and we'll update accordingly - Data as of 31st of August 2015

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