Enel Green Power Launches a Lending Crowdfunding Campaign

The new model espoused by Enel Green Power focuses on the creation of shared value, in which value for companies is constantly accompanied by tangible benefits for the community and local communities. According to Enel Green Power, the process of energy transition cannot in fact disregard a virtuous path of awareness of all stakeholders involved in the energy system.

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Enel Green Power, an Enel company dedicated to renewables, has decided to use lending crowdfunding to crowd-fund the development of an agrivoltaic park in the municipality of Cancello ed Arnone (CE).

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The campaign, offered on the specialized portal Ener2crowd, aims to raise between 50 and 100 thousand euros to help the company Sinergia Gps, a subsidiary of Enel Green Power, launch the project.

The investment offers a choice of repayment, either with a French-style amortization (consisting of installments made up of principal plus interest) or with periodic repayment of interest and principal in the last solution (in which case more interest is received, because the money is lent for longer).

The interest rate offered is 6 percent gross for residents of the municipality of Cancello ed Arnone and 5 percent gross for nonresidents.

Until September 5th, the campaign will be reserved only for residents of the municipality, then it will expand to the province of Caserta and then to Campania, and only after September 26th and until October 17th will it be open to everyone.

As stated in the project presentation, it is a 13.5 MWp ground-mounted solar agrivoltaic plant. Bi-sided photovoltaic modules will absorb energy from both sides and be mounted on sun-tracking structures to maximize renewable energy production for which interested individuals can invest from a minimum of 100 euros up to a maximum of 5,000 euros.

In addition, in the spaces between the panel support structures, it is planned to grow forage crops in autumn-winter cycle intercropping such as oats, vetch, barley, embodied clover or alternative forage crops in rotation with barley for silage production.

The new model espoused by Enel Green Power focuses on the creation of shared value, in which value for companies is constantly accompanied by tangible benefits for the community and local communities.

According to Enel Green Power, the process of energy transition cannot in fact disregard a virtuous path of awareness of all stakeholders involved in the energy system, starting precisely with citizens as protagonists and users of the benefits related to the development of renewable energy sources.

It is in this perspective that Enel Green Power’s initiative in Italy “Renewable Choice” fits in: an innovative tool to create shared value with the territory and be protagonists of the energy transition.

The initiative aims at the social and environmental development of the Italian territory, directly involving citizens and local communities in the construction of clean energy plants to accelerate the decarbonization process and counter the effects of climate change.

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(Featured image by Coernl via Pixabay)

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First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

J. Frank Sigerson is a business and financial journalist primarily covering crypto, cannabis, crowdfunding, technology, and marketing. He also writes about the movers and shakers in the stock market, especially in biotech, healthcare, mining, and blockchain. In the past, he has shared his thoughts on IT and design, social media, pop culture, food and wine, TV, film, and music. His works have been published in Investing.com, Equities.com, Seeking Alpha, Mogul, Small Cap Network, CNN, Technology.org, among others.

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