The crowdfunding initiative launched by Enel Green Power is a way to finance the construction of renewable facilities, whereby the residents of the municipality in which the facility is to be built will have the opportunity to participate in the initiative with the guarantee of a future financial return. In fact, in the first phase the initiative will only be open to residents of the municipality in question, before being extended to other interested parties at a later date.
This is remunerative financing through which those who participate will be able to earn a lasting financial return resulting from the construction of new renewable facilities. The objective is to share the benefits deriving from the existence of a renewable facility in their area and, more generally, in Italy. The Enel Green Power crowdfunding initiative delivers a fixed return based on the initial amount that the participant decides to invest in supporting the construction of the renewable energy facility, in addition to the repayment of the initial investment.
Participants are free to choose the amount they wish to invest, depending on their preferences, up to a maximum amount for each investor, thus giving everyone who is interested the opportunity to participate in the initiative. Residents of the municipality in which the facility is located will be entitled to (a) an investment exclusivity period and (b) more favorable returns.
Through Renewable Choice, the renewable facility creates the foundation for the development of new opportunities to foster and generate shared value for individuals and communities. Those who decide to personally support the fight against climate change and the decarbonization of the energy system will receive a financial return, thanks to an innovative approach that facilitates the financing of large-scale renewable facilities through mechanisms that are collective and inclusive as well as reliable and sustainable.
In this context, a renewable energy plant is an enabling factor in increasing awareness of the value of sustainability and the possibility for individuals to play an active role in the revolution towards a more sustainable future.