Crowdfunding: Innovations in financing energy projects

Mak ĐukanRenewable energy cooperatives projectUNDP Croatia

Sub-Regional Conference on Sustainable Energy in South East Europe9 – 10 th December 2013, Zagreb, Croatia

Financing of projects based on large number

of small financial contributions in form of donation, loan or investment

Bank loan Crowdfunding

Source of graphic: Peter Baeck, Liam Collins and Stian Westlake, Crowding in: How the UK’s businesses, charitiesgovernment and financial system can make the most of crowdfunding, Nesta, December 2012

Crowdfunding types

Source: crowdsourcing.org

Crowdfunding statistics

Source: crowdsourcing.org

Source: crowdsourcing.org,Crowdfunding industry report, 2012

More than 450 CFPs are active worldwide; the majority based in North

America and Europe

Most of these are reward based (43% in 2011)

Source: Peter Baeck, Liam Collins and Stian Westlake, Crowding in: How the UK’s businesses, charitiesgovernment and financial system can make the most of crowdfunding, Nesta, December 2012

Can we “unlock” private capital for investments into renewable energy projects?

€ 1.3 million in 13 hours by selling 6.648 shares to 1700

Dutch households

https://www.abundancegeneration.com/

Equity based model

Donation based model

http://www.solarschools.org.uk/

Reward based model

http://www.indiegogo.com/projects/energy-independent-school

Elementary school with the most beautiful garden in Croatia

During a lecture on renewable energy and energy efficiency

The student cooperative produces and sells olive oil ...

Specifics of energy crowdfunding

- requires an investment or loan based model

- local community involvement (energy cooperatives)

- legal adjustments needed

Thank you !

Mak ĐukanRenewable energy cooperatives projectUNDP Croatia mak.dukan@undp.org+385 98 9828 374