Netherlands-based Triodos Bank believes peer-to-peer lending is coming of age for green energy projects, on the strength of a $7.95-million, crowdfunded share issue aimed at expanding a portfolio that already included 11 projects totalling 53 megawatts.
“The company, which has 5,000 shareholders, said it wants to ensure investing in renewable energy is ‘an option for everyone,’ and has teamed up with crowd financing platform Trillion Fund to promote and distribute the offer,” Nichols writes. He cites Julie Groves, Director of the UK Crowdfunding Association, noting that predictable returns on subsidized renewable energy projects “make them highly attractive to the estimated 5.5 million people with savings and investments but no adviser.”
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