This is because banks generally have a lower limit for projects. As a result, many (especially smaller) ones are losing many renewable energy projects due to lack of funding. But that does not have to! There are, of course, opportunities for projects to be funded. In this article, we share 3 tips.
Ask the ECONNETIC
As an independent consultancy, we would like to help everyone involved in renewable energy projects help achieve it. Whether it’s umbrella or just local authorities (municipalities) and big companies or SMEs. We believe that each project, large or small, contributes to the energy transition. ECONNETIC provides (independent) advice and also works hard to get real-life projects.
For example in the field of financing . We help initiators to make a financing design. This design (the financing model) maps the entire project, the return and the risks. Based on this, we will talk to potential financiers and investors. And, especially in the smaller projects, we look at more possibilities for financing.
For example, we are looking for investment or energy funds, or we combine projects to a sizeable size for financiers. And we help with requesting SDE + grants (tip 2). Curious about an example from practice? Read what we have done for the Province of Flevoland. The province wants to speed up the energy transition, and has therefore established the DE-on (Sustainable Energy and Development Society) Foundation, which realizes projects in the field of renewable energy and energy conservation.
Request SDE + grant
With the SDE + (Stimulation Scheme Sustainable Energy Production) subsidy scheme, the Ministry of Economic Affairs encourages the development of a sustainable energy supply in the Netherlands. All promoters of renewable energy projects can apply for a SDE + grant. The scheme supports and encourages parties to produce renewable energy.
An SDE + grant will never automatically lead to financing. Even when it comes to small (re) projects. An SDE + decision is therefore a very important first step towards a realized project. The next steps are at least as important. From this funding base, therefore, seek out more funding opportunities, such as crowdfunding (tip 3)! ECONNETIC requests the SDE + for you.
Start a crowdfunding campaign
Even though an SDE + grant has been granted, smaller projects – with a funding issue of up to one million euros – make it difficult to arrange further funding through the bank. “Crowdfunding can then offer partial or complete results,” says market experts in Solar Magazine .
Crowdfunding means freely translated: an investment (or funding) by the mass. Crowdfunding invests a group of people in your sustainable energy project or concept. That way, you are no longer dependent on the bank alone.
A great example of a successful crowdfunding campaign is that of ourselves. With the help of platform Oneplanetcrowd, we have collected 250,000 euros in 9 days to grow as an organization and realize more impact in the energy transition. With this platform we also have a collaboration for the crowdfund of sustainable energy projects. Your project may also fit in!
To combine forces
The red thread through these three tips, especially when it comes to small (re) sustainable energy projects, is: try to bundle forces! Both the bundling of funding forms (SDE + subsidy, crowdfunding and possible bank loans), the bundling of roofs such as the municipalities Bunnik , Veenendaal and Tiel do with the Sun on Business Themes project, as the bundling of knowledge and expertise by hooking up with ECONNETIC as an independent adviser. ECONNETIC ensures that it works in all cases.