There are several reasons why a project developer might launch a crowdfunding campaign.
In traditional financing for renewable energy projects, a project developer must contribute up to 30% of the project’s construction costs as equity, with banks financing the remainder.
The reasons for setting up a crowdfunding campaign for one or more projects vary by developer: some do so primarily to reduce their equity burden , others—mainly out of conviction—with the goal of enabling citizens to reclaim ownership of their region’s energy resources, and still others in response to a call for proposals from the Energy Regulatory Commission.
Total Energies Invest is thus a citizen-driven and innovative solution to provide developers with a complementary source of financing, in addition to their own capital.
Crowdfunding via Total Energies Invest allows citizens to participate directly in renewable energy projects , engage them, and let them benefit from the financial returns. This can make projects more attractive to the local population and facilitate their acceptance.